What’s important to know about planning an estate?

Estate planning isn’t always an easy process to start simply because thinking about the future after your passing can be unsettling for some. Though it’s difficult to think about what happens after your gone, it may give you some peace of mind to know that having an estate plan can protect your wishes and your assets. Estate planning isn’t preparing a will, although that is one of the essential steps of creating a successful plan.

Some of the other factors that can go into creating a successful estate plan include appointing an executor for your will, creating an advance health care directive, and setting up trusts if need be. When you make an advance health care directive, you are determining who will be the one to make your decisions if you get to the point of such poor health that you can’t make decisions on your own. It is important to make sure that when drafting an estate plan, you keep it updated throughout time. For example, if you get married, divorced, have a child, gain or lose assets, or have some other significant change in an aspect of your life, you need to update your will and other parts of your estate plan. If you have a well-produced estate plan, you can have comfort in knowing that everything is taken care of in the future.

If you need assistance creating an estate plan in New Jersey or Delaware, contact one of the experienced estate planning attorneys at Mattleman, Weinroth & Miller, P.C.

The law firm of Mattleman, Weinroth & Miller, P.C., is composed of experienced attorneys throughout the states of New Jersey and Delaware. Please contact the office for a free initial consultation and get any questions answered regarding your specific case.