Skilled Estate Planning Guidance
An estate plan consists of many individual components that work together to accomplish your goals. The basic focus of an estate plan is to preserve your assets and pass them to your chosen beneficiaries in the most effective and efficient manner. Your estate plan can also accomplish specific goals such as protecting your beneficiaries, minimizing taxes and planning for contingencies such as incapacity or disability.
At the law office of J. Jeffrey Press, P.A., our attorneys can help with any estate planning matter. Please contact our office in Parsippany at 973-323-2654 to discuss your specific situation.
Is A Lawyer Necessary For Estate Planning?
You may wonder whether you need a lawyer for estate planning. After all, there is no shortage of do-it-yourself documents and forms available on the internet. The fact is, estate planning is not a one-size-fits-all proposition. No canned form can take into account the details and nuances of your unique situation. That is why it is important to get skilled legal help in your corner.
Should I Be Thinking About Estate Planning?
It is never too early to begin thinking about estate planning. Life is fraught with uncertainty and an estate plan helps to provide you with the peace of mind knowing that your wishes will be honored should the unthinkable ever happen. We welcome your estate planning questions and are happy to show you how an estate plan can benefit you.
- Wills: One of the most important reasons to draft a will is to avoid intestacy (the legal term for dying without a will). If you die without a will in New Jersey, the state will dictate how your assets will be distributed and who will be responsible for the administration of your estate, which may not be as you would have wanted. Whoever administers your estate will also be required to post a bond with the court. These are unnecessary expenses and uncertainties that can be avoided with a properly drafted will.
- Trusts: Trusts are powerful estate planning tools that can be used to accomplish a variety of goals such as protecting beneficiaries, minimizing taxes and supporting charities. We can help you choose and create the right trust to achieve your specific goals.
- Special needs planning: Careful planning is required to provide assets to a loved one who receives governmental disability benefits or may need those benefits in the future. Without the correct planning, a gift or inheritance could cause a loved one with a disability to become ineligible for government benefits. Our clients turn to us for help in ensuring that their loved ones with special needs are protected and properly cared for.
- Elder law: As you get older, estate planning becomes increasingly important. We can help you plan your estate to account for elder law issues such as Medicaid planning and the appropriate use of trusts.
We also provide skilled guidance on living wills, powers of attorney, asset protection and any other aspect of estate planning needed for your unique circumstances.
To schedule a consultation with an experienced estate planning attorney, please call our office in Parsippany or contact us online.