Estate Planning Lawyer Rochelle Park NJ
If you’ve reached adulthood and don’t yet have an estate plan in place, it’s important to connect with an experienced estate planning lawyer Rochelle Park, NJ residents trust so that you can begin the process of creating your initial estate plan. Too often, young adults put off the process of estate planning. Some people assume that young people donâ€™t draft their wills, power of attorney, and advanced healthcare directives because they believe that they’ll live forever. This is very rarely the case. Most often, younger adults put off the process of estate planning because they believe that they don’t yet own enough property to justify making a will. Oftentimes, the life event that first inspires younger adults to make an estate plan is the birth of a child. When a child is born, young parents (rightly) concern themselves that they need to have named a potential guardian in the event that something happens to them before their child reaches the age of majority.
If you’re a young parent thinking about estate planning for the first time due to guardianship concerns, that is a great motivation to begin this process. However, it is important for all young adults to know that if you have reached the age of 18, even if you don’t yet own any property of monetary value, you need to have an initial estate plan in place. Once the law no longer defers major decision-making to your parents, it is up to you to clearly articulate your wishes when it comes to your medical care, your finances, and any sentimental property you own even if none of that sentimental property is valuable in a strictly monetary sense.
Estate Planning Considerations for Young Adults
When you schedule a risk-free, confidential consultation with the experienced New Jersey legal team at Kaplan Law Practice, LLC, a knowledgeable Rochelle Park, NJ estate planning lawyer will explain in detail – the two most fundamental issues you need to be aware of right now. Once you have received personalized guidance regarding these two fundamental issues, you’ll be empowered to make informed choices about your estate planning options.
The first fundamental issue we’ll discuss with you is the fact that estate plans are meant to function as living documents. This means that you will want to update your estate plan as your life evolves and your preferences change. We’ll explain when you’ll want to check back in with our firm to update your estate plan throughout your life.
The second fundamental issue we’ll discuss is what estate planning documents you’ll want to put into place immediately. Having these documents in place will help to ensure that your wishes are articulated in enforceable ways so that they’ll be honored when they become the urgent business of your loved ones. Chances are significant that, as an adult of any age, you’ll need (at minimum) a simple will, a power of attorney, and an advanced healthcare directive.
Legal Assistance Is Available
No matter how old you are, if you’re legally an adult, it’s time to address your estate planning needs. Please connect with an experienced Rochelle Park, NJ estate planning lawyer at our firm to learn more; the Law offices of Joshua Kaplan look forward to speaking with you.