New Jersey Estate Planning Lawyer Christine Matus Discusses the Five Essential Estate Planning Documents in New Jersey
June 02, 2022 at 23:40
New Jersey estate planning lawyer Christine Matus releases a new article (https://matuslaw.com/estate-planning-attorney/) explaining the five essential estate planning documents in the state of New Jersey. The lawyer mentions that it is essential to have an intelligent and intuitive estate plan in today's financial environment.
According to the New Jersey estate planning lawyer, "When you have worked your entire life to build a safety net for yourself and your family members, you want to protect it and make sure it is administered according to your wishes when you are gone."
The lawyer mentions that estate planning allows someone to decide how their future assets will be distributed in the event of their death. Estates can be subject to taxes, long processes, and fees, or distributed in ways that are against the owner’s wishes if there is no will in place. An estate plan can help protect assets from these unwelcome fees and taxes.
Attorney Christine Matus also explains that there are many options for quick document options and self-service online wills. However, probating a will or administering an estate are complicated legal issues. An experienced estate attorney may be able to help clients understand their options and determine how to manage their estate.
The estate planning lawyer also enumerates the five essential estate planning documents in New Jersey. These documents are a will, a durable power of attorney, a healthcare power of attorney, a living will or advanced medical directives, and a revocable living trust.
In the article, attorney Matus discusses the differences between a will and a revocable trust. The lawyer explains that there is a major difference in the way they work. A will is a document that outlines the wishes of someone after their death. A revocable trust for living is effective immediately and allows the owner to retain full control over their assets until their death or incapacitation.
Lastly, the estate planning lawyer emphasizes how important it is to seek the guidance of a New Jersey estate planning attorney when it comes to planning your estate. A skilled lawyer may be able to help the client understand the complexities of estate planning and ensure that their assets are in safe hands.
About The Matus Law Group
The Matus Law Group has a team of real estate attorneys is committed to helping families and individuals in estate planning transactions in New Jersey and New York. Through a team approach, they work hard to help their clients with their estate planning needs. Call The Matus Law Group today at (732) 785-4453.
The Matus Law Group
125 Half Mile Rd #201A, Red Bank, NJ 07701
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Matus Law Group - Monmouth County
125 Half Mile Rd Red Bank, NJ 07701