Time to Update Your Will
Many people think of a will as a one-time thing: you put it together and leave it alone. But when your financial situation changes, especially after the purchase or sale of a home, your will should reflect these changes so that you don't lose control over who gets your property and assets.
As a Monmouth Beach wills & trust attorney with 20 years of experience, I can help you update your will and other estate planning documents. My law firm serves Monmouth Beach and Newark, New Jersey, as well as New York, focusing on client-centered service. I want to ease the anxiety of your legal issues for you by handling your case with skill and care.
The conclusion of a personal real estate transaction or a commercial real estate deal for your business is the perfect time to update your will.
Handling Your Estate Planning Documents
There are a few different estate planning documents that everyone should have, each doing something different:
- Will: This is the most basic estate planning document which allows you to dictate how your wealth is distributed after you pass away.
- Living will: The living will articulates your preferences for medical treatment in the event that you become incapacitated and can no longer communicate those preferences.
- Health care proxy: This document establishes an agent, someone to make your health care decisions if a time comes when you cannot.
- Power of attorney: The power of attorney appoints someone to handle your business affairs while you are still alive but have limited ability to conduct your own affairs.
- Credit shelter trust: This is a vehicle to maximize your allowable exemptions under state and federal tax law.
Contact a Shrewsbury Estate Planning Lawyer
If you have recently bought or sold real property, this is the perfect time to update your will. Either call my office or send me an e-mail for a free initial consultation to discuss your will.
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