Key Reasons to Have a Drafted Will in NJ

Simplify Estate Planning by Preparing Your Will so That Your Loved Ones are Equipped to Move Forward After Your Passing in New Jersey

Having a Last Will and Testament, commonly called a will, is an important component of any adult’s financial and estate planning process. However, according to a Gallup poll, fewer than half of Americans have a will. Contact us at The Bronzino Law Firm to help you streamline your estate planning needs and ensure that your loved ones receive your hard-earned assets after you pass. A will, which is a legal document that outlines how your estate will be divided when you die, minimizes possible confusion and conflict amongst heirs and ensures that those you care about are provided for according to your specific desires. In the absence of a will, a judge who does not know you or your family situation will be tasked with distributing your assets. Your descendants and potential heirs will be left without guidance and often disagree about what your final wishes would have been. Reach out today to get started on the simple process of developing an estate plan with our experienced attorneys’ help. Read on to learn more about why it’s essential to have a will and what creating a will provides in terms of the benefits for you and your loved ones.

A Will is Crucial for Ensuring a Clear Distribution of Assets in NJ

The primary reason to have a will is that it creates a clear directive regarding your assets. With proper guidance from Peter. J Bronzino, ESQ, in developing your estate plan, your specific wishes for assets distribution will be laid out clearly. In addition to providing instruction as to who will receive what, you can also ensure that certain people do not have access to your hard-earned assets. By specifying how your financial, physical, real estate and digital assets will be divided, you will minimize confusion and conflict among your heirs. Most cases of estate litigation occur because a decedent has not left a proper will or has left off certain elements. Our estate planning team is highly skilled in creating comprehensive plans that leave all guesswork out of the estate distribution process.

Make the Probate Process Simpler for Your Loved Ones

When a person dies, the distribution of their estate is legally overseen by a probate court. In the presence of a comprehensive will, the decedent’s loved ones can expect to have their inherited assets distributed quickly and without conflict. In the absence of a will, however, the decedent’s estate must go through the process of intestate administration, by which a probate judge determines appropriate distribution of assets. Their judgment, while objective, would not take into consideration personal family relationships and financial nuances, and can create long-lasting conflict among heirs. A crucial reason to have our firm working on your behalf to develop a comprehensive estate plan is that it solidifies the quality and comprehensive nature of the plan, leaving no assets unclaimed and all loved ones accounted for, removing all guesswork and keeping probate judges out of the decision-making process.

Ensure the Safety of Your Minor Children

If you have young children, their well-being after you pass is of utmost importance to you. That your will includes who will take care of them in the event that you die reflects the pivotal nature of a will and the need for expert support in considering all elements to be included. While generally, the surviving parent retains sole custody of any children in the case of the other parent’s death, when both die, or only one parent has custody, determining guardianship can be a bit more tricky. If a guardian is named in your will, this takes all guesswork out of the matter. In the absence of a will, though, the court will determine in whose care your child will be raised without your intimate knowledge of what would be in their best interest.

Plan Your Future with Help from Our Estate Planning Attorneys in Brick and Sea Girt, NJ

The estate attorneys at The Bronzino Law Firm provide practical support for your estate planning process and help preserve your interests in the future. In addition to helping you draft a comprehensive, legally valid will, we provide invaluable guidance for considerations that make a big impact on your loved ones’ futures. For example, our lawyers can help you prepare arrangements for your funeral, determine who will care for your pets after you pass, set up trusts for your minor children, earmark assets for chosen charities and beloved causes, and protect and pass on all of your valuable assets so that no guesswork is left to loved ones, so they can focus on celebrating your life. We provide assistance with all of our clients’ estate planning needs in Red Bank, Wall Township, Middletown, Lacey, Howell, Bay Head, Barnegat, Howell, Colts Neck, Rumson, Lacey, and elsewhere in Ocean and Monmouth County in drafting a tight Last Will and Testament and preparing all elements of the estate for becoming part of your legacy. Contact a member of our team today at (732) 812-3102 to set up a free estate planning consultation.