Many people in New Jersey are diligent about drafting their estate-planning documents and keep them up-to-date. They make sure that their loved ones are cared for, and they’ve decided who will take care of their home in the event of their death, among other things. Unfortunately, some people fail to include their pets in their estate plans, leaving some beloved animals without a caregiver.
Most parents in New Jersey would likely agree that their children have different personalities and different needs. When determining guardianship of a child, it is important to consider the child’s unique personality traits. What is best for one child may not necessarily be the best arrangement for his or her siblings.
Most successful New Jersey residents leave their financial assets to their heirs, who are usually their children, grandchildren, and other relatives. However, in rare cases, people die without a will, and the courts are left with the task of sorting out their estates. In general, if no one is identified as an heir to the fortune, the state receives the assets.
Most people in New Jersey help their children and grandchildren as much as they can. Fortunately, wills and other estate planning documents enable people to pass their wealth on to their descendants. However, some people neglect to update some of the most critical documents: beneficiary designation forms.