Estate Planning Lawyer Bergen County, NJ
If you are starting the process of thinking about what happens after your death then an estate planning lawyer in Bergen County, NJ. It may come as a shock to many people that they have an estate. Most people think an estate is a house but in reality, the estate is everything you own which includes all property. Vehicles, jewelry, stocks, money, and even pets.
Your estate plan is going to cover what happens upon your death. It isn’t an easy task to go through, but it is an important one to do. Here at the Kaplan Law Practice, it is our job to help you with your estate plan. Just how?
What Can an Estate Planning Lawyer Do For You?
There are many things an estate planning lawyer can help you do. Not only are they going ot help you avoid the long and costly probate process they can help you with the following:
Creating a Will and Identifying the Beneficiaries
You can find a will template online but it most likely won’t fit your needs. Rarely do people’s lives fit into a standard template. While it is a good place to start, it most likely won’t be everything you need. While you can also start a handwritten will, there are very specific rules for getting that right and you most likely will need a lawyer.
Having an estate planning lawyer can help you make sure that you have everything you need in order to help your family sort everything out after your passing in the way that you wanted it to happen.
Have Thorough Knowledge of the State and Federal Laws
The laws are constantly changing are being updated. The chances are if you are planning your own estate you might miss a new law that could negatively impact your estate plan. A good estate planning lawyer is going to be able to keep you up to date on everything and know how to change your plan while keeping what you want.
After you make your plan, laws are bound to change as well. A good lawyer is going to contact you if a change hurts your plan, and help you find a way to fix it. An estate plan isn’t a one-and-done kind of thing, and a lawyer knows that.
Ensure Your Wishes are Carried Out
Finding someone you trust to carry out your will can be difficult. An estate planning lawyer in Bergen County, NJ will be able to help you find the right person for the job. Not everyone is able to become a trust for your estate plan, and it is a lawyer’s job to help you find the right fit. This is an important role and if the person you pick doesn’t feel they can do it, then your lawyer will help you find someone who can.
If you are searching for an estate planning lawyer in Bergen County, New Jersey then contact the team at the Kaplan Law Practice today to learn more.
3 Common Myths About Estate Planning
There are a lot of misconceptions about estate planning. The word estate makes many people think of a mansion on many acres of land, but in the case of estate planning, the word estate only refers to the things that you own. Since almost everyone owns something, it is wise to consider doing estate planning. Unless you are a legal expert, you probably have questions on the best way to go about this process. Discussing your situation with an estate planning lawyer Bergen County, NJ residents trust can make sure your affairs are taken care of. Call Kaplan Law Practice, LLC today to set up a free and confidential consultation. We will always be realistic, honest, and transparent about your situation so that you can make the best decision for you and your loved ones.
I am married so my spouse will just get everything.
While it makes sense that your significant other would be the beneficiary of your assets, this isn’t always the case. If you don’t have a legal document such as an estate plan, also called a will, another person such as an extended family member or business partner, could contest your spouse’s rights to your assets. Then the decision will be left up to a court of law. You can avoid all of this hassle by writing down your wishes in a will. This way, even if someone does take your spouse to court, it is a lot less likely that they will win.
I am young and don’t need to worry about this right now.
The unexpected happens in life and it is good to be prepared. While we all hope we don’t die young, if we do, we want to make sure our loved ones aren’t left with a mess to deal with. Having an estate plan can make settling your affairs much simpler. Likewise, you can make medical decisions ahead of time so your loved ones don’t have to guess what you would want. In the event that you are left in an incapacitated state you can leave medical directives that tell medical professionals what you want. This takes the decision making out of your loved ones hands, who might not be able to make a rational decision on your behalf, and will save them the guilt of feeling like they made a choice you didn’t want. A Bergen County, NJ estate planning lawyer from a firm like Kaplan Law Practice, LLC can answer your questions about what medical directives might be right for you.
I don’t have that much money so I don’t need to do estate planning.
Even if you only have a few valuables, it is worth exploring whether estate planning can benefit your situation. You can divide up the valuables you own, even if they are just items you know are sentimental to a family member or friend. Making these decisions ahead of time can eliminate fighting that may have taken place otherwise.
Contact a Bergen County, NJ estate planning lawyer at Kaplan Law Practice, LLC as soon as possible to learn how we can help develop the perfect estate plan for you.
Reasons to Hire an Estate Planning Lawyer
If you or a loved one is in need of an estate plan contact an estate planning lawyer clients trust to protect their future at Kaplan Law practice, LLC.
Hiring an estate planning lawyer is a wise investment in your future. The following are a few top reasons why an attorney will benefit you:
- An estate planning attorney will assist you as you prepare and create your estate plan. There are many online templates that can be found on the internet, however, they are very general and will not meet the specific and potentially complicated needs of individualized estates. By hiring an estate planning attorney, you are ensuring your estate and all of its assets are accounted for, and properly distributed. Many feel overwhelmed, and unsure of what an estate plan entails. Your attorney will help you understand your estate as a whole and the various aspects of your plan so that you feel confident about the future of your home and assets.
- An estate planning attorney will ensure that your loved ones are given the assets you wish them to have. Within the plan, the owner of the estate will divide and formulate a plan to distribute all that he or she owns from their house, cars, jewelry, art, and even pets. An attorney experienced in estate law can help with this process, and communicate to the estate’s beneficiaries the wishes of the estate.
- An estate plan allows you to make decisions regarding medical directives ahead of time. Instead of waiting until it is too late to choose end-of-life care or make specific decisions regarding cremation or burial, allow your estate planning lawyer to document your wishes for you. Without a specific plan, the burden of making those tough decisions falls upon your loved ones, and cause often causes tension and discord among the family members.
- An estate planning lawyer is well versed in state law and understands tax considerations regarding your estate plan. Each state varies in its rules and regulations of estate plans, and a Bergen County estate planning lawyer will not only follow those regulations but ensure your estate plan is following the proper state and tax considerations as well.
- An estate planning lawyer will help provide all documents needed for your estate plan. The estate plan is made up of many important documents and can feel extremely overwhelming for a person to have to gather and create these documents. Rest assured, with the help of your attorney all documents will be accounted for, giving you peace of mind. Some of these important documents include: medical directives, living will, plans for children, bank, and retirement account information. Since your estate plan has such vital components for your future health decisions and your family’s well-being, it is recommended by estate planning lawyers to begin the process of creating your estate plan as soon as possible.
If you or a loved one feels overwhelmed by the estate planning process, contact a Bergen County estate planning lawyer clients trust to feel confident in their estate plan and in their future.
Five Frequently Asked Questions About Protecting Your Estate
The best way to protect your estate is to work with an estate planning lawyer Bergen County, NJ residents trust. They will be able to answer all your questions, but in case you are just starting your journey, here are five frequently asked questions:
- Who can help me create a will? There are different ways to create a will, but two of the most common are to either by using a web-based service or by hiring a Bergen County estate lawyer. While the web-based option may be less expensive, often the will is one size fits all and does not take into account the individual’s needs, wants, and assets. An estate lawyer, however, has the expertise to take your unique situation into consideration and give you the best legal advice for your circumstances. Sometimes that advice can end up saving your loved ones money on taxes or other expenses when you are gone.
- How do I know if I have all the documents I need for my estate? While every estate is different, most should have a will or trust to detail what happens to assets such as property, money, stocks, jewelry or other assets upon your passing. Many people also desire a medical or health care power of attorney should they become incapacitated. Sometimes clients wish to create advance directives for medical decisions so their wishes can be honored and the burden of making those decisions is not left to loved ones. While these are some common documents used to protect one’s estate, each person’s desires are unique, so it is usually best to consult a Bergen County estate planning lawyer to see what documents you need.
- What happens if I die without a will in New Jersey? If you die without a will, typically the property will go to the next of kin, often a surviving spouse or partner. If the deceased does not have a next of kin or the next of kin cannot be found, the court will determine who should get the assets. This is why it is a good idea to have a will, no matter your age so you can determine how your assets and wealth will be divided up.
- What constitutes a valid will in New Jersey? In order to have a valid will in the state of New Jersey, you must have at least two witnesses to observe the signing of your will and they both must be over the age of 18. The witnesses will need to sign the will below your signature. You are able to register your will with the state government of New Jersey for a fee so they have it on file in the event of your passing.
- When should you create a will? All legal adults could benefit from having a will. Even if you are single and do not have family responsibilities, a will is still a beautiful way to take care of your loved ones by giving them the assurance that they are dividing your possessions in the manner you would have liked. It also gives them one less thing to worry about while they grieve.
5 FREQUENTLY ASKED QUESTIONS ABOUT PROTECTING YOUR ESTATE INFOGRAPHIC
Do not wait any longer to make sure your assets are secure! Contact Kaplan Law Practice, LLC today to schedule a consultation.