Creating or changing your Last Will and Testament can seem complicated, but it can be handled easily if done through experienced New Jersey estate planning attorneys. Here’s a guide to understanding the different elements that go into this important legal process.
It is important to remember that a Last Will and Testament isn’t just for the wealthy, it’s for anyone with any assets they would like to pass on to specific people or anyone who would like to ensure their dependents are financially protected. This document also allows your estate to avoid the often lengthy and costly probate process.
Creating a Last Will and Testament
In New Jersey, anyone 18 or older who is of sound mind may create a Last Will and Testament. “Being of sound mind” generally means you have not been declared incompetent in a previous legal proceeding.
The first thing you need to decide is to whom you would like to leave your assets. Some of these choices may be sentimental in nature, where you would like to leave something memorable to someone specific. Other choices are generally centered on giving family and dependents financial protection. It’s important to keep in mind you can also donate to charities and organizations close to your heart.
You will also have to specify an executor of your Will who will be responsible for ensuring your assets are distributed according to your wishes. While this person can also be a beneficiary, it is often recommended that you choose someone independent who has a background in legal and business proceedings and can easily navigate this process.
You can, at any time you would like to, change details of your Will, add dependents or revoke it entirely.
In addition to your Will, it’s important to consider a Living Will (or healthcare proxy) and Power of Attorney. These two documents will ensure your medical care and financial choices are carried out as you wish should you be in a position where you are unable to give consent.
In conclusion, creating a Last Will and Testament gives you peace of mind – and by putting it in the hands of a leading law firm like Sedita, Campisano & Campisano, LLC, you can rest assured that your health, assets and loved ones will be taken care of the way you would like. For more information on setting up or changing your Will, please contact us at the law firm of Sedita, Campisano & Campisano, LLC today.