Planning Your Estate - Why You Should Have a Well Drawn out Will

Posted by Jason Norman on June 11th, 2024

Before you die, it is best to ensure your family does not have to worry about much beyond grieving when you go.

You should plan your funeral, your last moments, and your will.

As part of the will, you have to plan what to do with your estate.

In most cases, if you do not have a clear plan written out your property will default to the state instead of your family, and they have to fight to get it.

That is why it is best to hire an estate planning attorney in Monmouth County.

Read on to learn what is entailed with estate planning, what the laws are around it and how to find the best estate planning attorney in Wall or Monmouth County.

Making plans

 As you age and begin to think of the things you must do to ensure your family knows what to do when you die.

Besides ensuring you have a family member who knows what you want done in medical emergencies, you should have one person you can trust who has power of attorney to execute your last wishes.

You should try to plan as many details as you can so that your family can grieve with as little stress as possible.

This should include how you want your funeral, where you want to be buried, or if you want to be cremated, and where to keep or spread your ashes.

You should make a will with detailed instructions about what to do with all your assets — money, estate, and family heirlooms.

Pay as much as you can for all the plans, including buying your plot or paying for your funeral in advance.

Laws and why you should plan

In many states, if a person dies without a will, their estate goes to the state instead of their family.

If you do not have a will and a well drawn out plan of where all your belongings, money, children, and other assets are to go, the state can make those decisions for you.

This creates a stressful court battle for those left behind.

It could mean your family does not even get any of the things you would wish they could have.

If you have an attorney helping you draw up your will, it leaves little chance that anyone can contest it and ensures everyone in the will gets what you want them to.

A will can also help protect your loved ones from undue or unfair estate or inheritance taxes.

Finding the best lawyer

When you’re looking for an estate planning attorney in Monmouth County, do your research.

Ask family, friends, and neighbors if they can refer you to someone.

Look online for attorneys who specialize in estate planning attorney in Wall.

Read the testimonies and reviews from previous clients.

Look at their website to see what all their specialties are — you may even find they specialize in something you need that you didn’t think of.

Inquire what the fees are to help you plan your estate, given your circumstances.

Make detailed plans of what you want in your will, and discuss it with your attorney.

No matter what your circumstances are or how you want to plan your estate, a good attorney will ensure the process is stress-free, and your family gets everything you want them to.