For many, the idea of planning their estate isn’t exactly pleasant to think about. That said, it’s important to understand that taking the time to plan for the future can help protect your loved ones after you have passed. As such, one of the most important things you can do is create a will. If you’re unsure why you need to create a will, what to include in your document, or why you should enlist a Bergen County will lawyer to help you create yours, you’ll want to keep reading.
What Is a Will and Why Do I Need One?
A will, formally known as a last will and testament, is a legal document that expresses your wishes for your assets and properties upon your passing.
Unfortunately, there is a misconception that only the wealthy should have a will in place. As a result, many assume they do not have enough assets to warrant writing a will and ultimately pass away without one.
Passing away without a will means that you have died “intestate,” and the state will take control over the distribution of the assets left in your estate. As a result, they will distribute your property according to the New Jersey intestate line of succession. This means certain people are entitled to your assets, even if you do not want them to receive an inheritance.
As such, creating a will to detail how you would like your assets to be distributed is critical to ensure your wishes are honored. Additionally, in your will, you can appoint an estate executor or the individual you trust to administer and distribute your estate upon your passing. If you do not name one, the state will appoint one for you.
Can I Create a Will on My Own?
Though the abundance of online “Do It Yourself” wills may make you believe this process can be completed without the assistance of an attorney, this is far from the truth. In reality, creating a will is a complex legal process that requires adherence to state laws and language. This is why it’s always best to connect with an experienced estate planning attorney to help you create your will.
If you try to embark on this process by yourself, you’ll find that you could make an error that invalidates the document. As a result, your will may not be honored, and your assets will not be distributed according to your wishes. This leaves your loved ones vulnerable.
As you can see, creating a will requires careful consideration and attention to detail to ensure it reflects your wishes. That’s why it’s in your best interest to connect with the team at the Law Offices of Collin M. Quinn to help you plan your estate. Our firm can help you achieve the peace of mind you need to know that your loved ones will be cared for after your passing. Contact us today to discuss your circumstances.
