Many families in Parsippany have taken the time to create an estate plan. This is the best way to make sure a family's assets are passed to the next generation and that their legacy continues.
Awkward conversations are hard for almost anyone in New Jersey. People usually don't go out seeking to have a difficult conversation with another person. But, many times these conversations are important and the estate planning conversation is no exception.
Estate planning is probably one of the last things on the mind of Northern New Jersey residents. But, having an estate plan in place is important for almost anyone, regardless of income or life circumstances.
I am sure you have heard the saying, "out of sight, out of mind." It is a common phrase referring to things that we do not think about until we have a need to. We typically do not think about our hot water heater unless it breaks. We do not think about the tires on our cars until one goes flat. Estate planning is often like that. Many Americans, including those of us from North New Jersey, do not typically think about our long-term future. Death is inevitable, yet for most of us, it is not often on our minds.
Despite what one's opinion of the millennial generation is, young adults need an estate plan just as much as older adults. After all, no one can predict when they will pass away and no one is guaranteed a long life. It is best to be prepared.
Planning for illness or incapacity may feel unnecessary while you are healthy. Most people delay planning for incapacity as long as possible. Unfortunately, accident or injury can occur at any age or fitness level. It is important to put safeguards in place not only to protect yourself, but also to protect your family.