Morris County Estate Planning Lawyers Helping Families Prepare for the Future
Your estate consists of everything you own, from your car to your home to your checking account and more. How your estate gets passed onto your loved ones or other beneficiaries can be controlled either by you or by the state. You can control your estate by taking advantage of various estate planning tools.
At Edens Law Group, we can help you create a comprehensive estate plan that addresses your needs and goals. Our Morris County estate planning lawyers are well-versed in drafting and formalizing the legal documents needed to ensure that your instructions and wishes are carried out. We can provide the legal guidance you need to properly plan for the future.
Contact Edens Law Group for legal assistance today.
What Can an Estate Plan Do?
An estate plan can do more than just establish who will receive various aspects of your property and assets–it can also state when they will receive it. You may also wish to designate a guardian for minor children and someone you trust to manage their inheritances in your estate plan. You can even outline plans to help family members with special needs, transfer a business, provide life insurance, and more.
Three basic documents are essential when estate planning. These include:
- Advance health care directives, known as living wills, which appoint agents to act for you and guidelines as to the type of healthcare you want or do not want should you be unable to express your wishes.
- Powers of attorney, which appoint an agent to manage your financial affairs should you be unable to do so.
- Last wills and testaments, which outline who will inherit your belongings and where your children will go.
- Living revocable trusts, which allow you to manage assets during your lifetime and designate the beneficiaries who will receive these assets.
Estate planning has many benefits and it is never too late or too early to start. By retaining an estate planning lawyer in Morris County, you can spare your family from making difficult end-of-life decisions, reduce or eliminate tax obligations, and transfer your assets and property efficiently.
Ready to get started? Call for a one-hour strategy session.