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A will can benefit even those with clear beneficiaries

Many people who have children don't have a will. Most people might think that they don't need a will if all of their assets will go to their spouse and children. However, some states have different rules. When a person has a will, they can choose who gets what assets. If they fail to create an estate plan, including a will, they might find that their assets will be divided according to state laws.

Not only can a will help divide assets, but it more importantly can help designate a guardian for your children, should the unthinkable happen. If a guardian isn't designated, children might be placed with whomever the government sees fit, whether or not the parents had wanted that. Because a will not only decides designation of assets but also who takes care of children, it can be extremely important to make sure a will is done properly.

One of the first steps in preparing to make a will would be to account for all of your assets. Speaking with an experienced estate planning attorney could be a wise decision. They can make sure the will is properly witnessed and finalized. Sometimes do-it-yourself wills can miss important steps that are needed to make the will a legally effective document.

An experienced attorney can help make sure everything is in proper order and no detail is overlooked. They can work to customize an estate plan that will work for each individual.

Source: U.S. News, "Important Things to Consider When Preparing Your Will," Daniel Bortz, Sept. 26, 2012

-New Jersey estate planning often includes a will as a foundation. To learn more, please visit our wills page.

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