
Planning for the future is one of the most meaningful steps you can take to protect your loved ones and ensure your wishes are honored. Our Sussex County wills & trusts lawyers assist clients with drafting clear, enforceable estate planning documents designed to simplify the process for those left behind. A properly drafted will allows you to designate how your property will be distributed after your passing, while appointing an executor to carry out your instructions and settle your affairs.
Trusts, on the other hand, can provide benefits during your lifetime and beyond. By creating a trust, you can designate a trustee to manage assets for the benefit of chosen beneficiaries, while establishing guidelines for how and when those assets are used. Whether you need a will, a trust, or a comprehensive estate plan, our experienced estate planning attorneys are here to guide you through each step with personalized attention and professional care.
Wills in New Jersey
Wills are drafted to dictate how a person would like to have their personal property distributed after they are deceased. Our estate planning attorneys draft self-proving wills for their clients, the most common and widely recognized type of will.
To become legal, self-proving wills must be signed by witnesses and notarized, and an executor is appointed to administer the distribution of the estate. The executor, or estate administrator, is not only in charge of distributing the estate, but resolving the deceased’s finances as well.
Trusts in New Jersey
Unlike wills, trusts can be enacted before the individual dies. During the drafting of a trust, the trustor designates property and appoints a trustee to oversee the management of the property. The language set forth in the trust creates guidelines for how the trustor’s property can be utilized for the benefit of those named as recipients in the trust (the beneficiaries).
Generally speaking, a trust seeks to maximize the profitability of the trustor’s property, whether it be real estate, financial investments, or otherwise. There are many different types of trusts, and the experienced estate planning attorneys from our New Jersey firm can help you select the type of trust that is best suited for your needs.
Contact Our New Jersey Wills & Trusts Lawyers
If you are interested in having a will or trust drafted, contact the wills & trusts lawyers here at Gruber, Colabella, Thompson, Hiben & Montella today and schedule a free initial consultation with one of our estate planning attorneys. Your attorney will listen attentively to your goals and wishes and provide you with the best plan for preserving your wealth and passing it on to those who are important to you.
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