Many people go through life, start accumulating assets, and forget about what will happen to those assets when they die. For people in New Jersey it is easy to forget about planning, and even easier to delay estate planning. It tends to be one of those things that you'll get around to when you have spare time.
The unfortunate thing is, more and more of us are finding less and less spare time. We have children's sports games to attend, elderly parents to take care of and busy work lives. That leaves little time to sit down and plan for the future. This unpredictable and hectic lifestyle that most of us live is exactly the reason people might want to force themselves to find the time for estate planning.
Our lives are full of marriages, divorce, births, deaths and changing financial situations. All of these things weigh on our relationships with other people and influence who we hope get's our belongings after we are gone. Instead of hoping that the person gets a certain belonging, using proper estate planning in New Jersey can help ensure that person gets what you want them to have.
Even after you die, using proper estate planning, you can dictate what happens to any money or property that you leave a person. This may require a few legal devices such as a will and a trust or multiple trusts. Speaking with an estate planning attorney can make sure you have all the proper legal documents in place to ensure your property and money is going where you want it to go after you are gone.
Source: The Huffington Post, "Estate Planning: What You Don't Say Can Hurt You," Ann Brenoff, April 23, 2012