J. Jeffrey Press, P.A.
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May 2018 Archives

Can you include a pet in your estate plan?

When people in Parsippany think of their heirs and beneficiaries, they may think of their spouses, children, grandchildren and other loved ones. Therefore, they may execute a will or trust to ensure their loved ones are provided for upon their death. However, what about the other important members of their families -- their pets? A person's dog, cat or other pet also needs to be provided for after its owner dies. Fortunately, there are steps a person can take to ensure their animal companions are taken care of if they outlive their owners.

There are advantages and disadvantages to revocable trusts

People in Parsippany have many choices when it comes to estate planning. They can choose who they want to make health care and financial decisions on their behalf should they become incapacitated. They can dictate what end-of-life medical care they want. Finally, they can dictate what they want done with their property after they pass away. With regards to this last point, many people choose to execute a trust that determines how their assets are distributed to their chosen beneficiaries.

J. Jeffrey Press, P.A.
8 Wood Hollow Road
Plaza Level - Suite 2A
Parsippany, NJ 07054

Phone: 973-323-2654
Fax: 973-288-2070
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