Wills are an important topic in estate law NJ and elder law NJ. A will states how a person’s property will be distributed after they die. It also states who will be the executor of the will. Additionally, it can name guardians for children.
If you do not have a will, then you should get one. Lawyers can help you put together a will. There are several reasons why you should get a will.
Wills Prevent State Intervention
If you do not have a will, then the state will decide who gets your assets. You likely want your property distributed differently than the way that the state will distribute it. Many people want to leave gifts to their friends. However, most states do not allow this. There is no need for the state to intervene if there is a will in place.
Wills Do More Than Distribute Properly
One of the reasons people opt for a will is to dictate how their property will be distributed. However, your will can do a lot more than that. It can also do the following.
- Name guardians for your children
- Forgive debts
- Create trusts for your beneficiaries
- Name an executor of your estate
- Reduce family conflict
Dividing assets is more complicated than ever before because of blended families and divorce. Families often fight about who is going to get what. A will can reduce family conflict.
An Attorney Can Help
If you are having trouble putting together a will, then you should find an attorney who is trained in handling matters that pertain to estate law NY and elder law NJ. An attorney can make sure that you put together your will properly and cover all of the bases. Call Lobej’s experienced attorneys at (973) 284-8525 to find out more.