While it’s true that a lot of the focus of estate planning is one the considerable benefits it has on reducing the taxation on your estate and assets, this isn’t the sole point of having an estate plan. Tax planning is just one part of estate planning, it’s about having answers to important questions and having control of your assets in the event of your death. Here are some insights into why this is so important, from your estate planning attorney in New Jersey.
Asked Yourself These Questions? You Need Estate Planning in NJ
It’s normal to ask yourself questions about the future relating to yourself and your loved ones, including:
- What do I really own?
- How can I make the most of the assets I own?
- Who will get these assets if/when I die?
- What happens if I get disabled?
- How will I pay for my and/or my spouses’ retirement needs or long-term care as a senior?
- How can I take the best possible care of my loved ones even if I die?
These are really the fundamental concerns that most of us have – and estate planning will give you these answers. It’s not about how much you own or whether or not you have kids – it’s about peace of mind for yourself. Estate planning even looks at who you’d like to have control of your health and financial decisions if something happens and you can’t do it for yourself, whether it’s due to a traumatic accident, illness or old age – so your wellbeing is a priority too.
The tax measures that come into play are simply there to ensure that you get the most tax breaks that you are qualified for – and that the highest percentage of your assets goes to your loved ones to care for them in the event of your death.
Estate Planning is for Everyone – Start Tay and Meet with Your Estate Planning Attorney in New Jersey
At Sedita, Campisano and Campisano in New Jersey, estate planning attorney Frank Campisano is ready to assist you with all your estate planning needs – whether you need to make a business succession plan, Last Will and Testament, Power of Attorney, a Living trust or to minimize inheritance tax on your estate.
Contact us today and let us deliver expert estate planning advice to take care of all your wishes – whether your business is big or small. For more information, please visit our website at https://www.scclegal.com/