Monmouth County Estate Planning Lawyer Christine Matus Enumerates the Five Essential Estate Planning Documents in New Jersey
Monmouth County estate planning lawyer Christine Matus has recently released a new article (https://matuslaw.com/estate-planning-attorney/) that enumerates the five essential estate planning documents in New Jersey. The lawyer says that having an intuitive and intelligent estate plan is important, especially in today’s financial landscape.
According to the Monmouth County estate planning lawyer, “When you have worked your entire life to build a safety net for yourself and your family members, you want to protect it and make sure it is administered according to your wishes when you are gone.”
The lawyer mentions that estate planning is a process where someone can decide how their future estate will be distributed. When someone passes away, their estate may be subject to tax, lengthy processes, fees, and may be distributed in a way that the owner would not have chosen. Having an estate plan will help protect the owner’s assets from unwanted fees and taxes.
Attorney Matus explains that there are avenues for fast document options and do-it-yourself online wills. However, probating a will and administering an estate may be complex legal matters. Having an experienced estate attorney may help the client understand what their options are and how they may be able to administer their estate.
The estate planning lawyer also enumerates the five essential estate planning documents in New Jersey. These documents are a will, a durable power of attorney, a healthcare power of attorney, a living will or advanced medical directives, and a revocable living trust.
In the article, attorney Matus also discusses the difference between a will and a revocable living trust. She explains that the main difference between the two is the way they take effect. A will sets out someone’s wishes after they pass away. However, a revocable living trust takes effect right away and the owner has full control of their assets until they pass away or become incapacitated.
Lastly, the estate planning lawyer emphasizes how important it is to seek the guidance of a New Jersey estate planning attorney when it comes to planning one's estate. A skilled lawyer may be able to help the client understand the complexities of estate planning and ensure that their assets are in safe hands.
About The Matus Law Group
The Matus Law Group has a team of real estate attorneys is committed to helping families and individuals in estate planning transactions in New Jersey and New York. Through a team approach, they work hard to help their clients with their estate planning needs. Call The Matus Law Group today at (732) 281-0060.
For more information about Matus Law Group - Monmouth County, contact the company here:
Matus Law Group - Monmouth County
125 Half Mile Rd Red Bank, NJ 07701