Newark Wills Attorney
Estate Planning Attorneys Providing Customized Wills
A will is a fundamental document that every responsible adult should have. Contact Ehrlich, Petriello, Gudin, Plaza & Reed, Attorneys at Law to talk about creating or updating your will or any other aspect of estate planning or probate.
If any of the following apply to you, you should consider updating your will:
If you have any assets
If you are responsible for another person (spouse or child)
If you would like to ensure that your assets are distributed according to your wishes in the event of your death
If you are single and childless but wish to make things as easy as possible for your next of kin (parents, brothers and sisters, grandchildren or other relatives) if you die and they must resolve your affairs
If you wish to leave part or all of your estate to charity
Some people have heard about how trusts can protect assets from excessive taxation after death. However, even if you have your assets assigned to trusts, there is always the possibility that there will be money or property unaccounted for - such as proceeds to your estate from a wrongful death claim. A "pour-over" will ensures that all assets will be distributed according to your plan.
You may think that death is far off because you are young. Or you may feel superstitious about contemplating your own death, regardless of your age. Rest assured that your money and property will be distributed when you pass away. The question is whether you want to have a say in how that is done. If not, the state provides for an orderly transfer of assets according to probate laws.