No one wants to think about what will happen to their family and assets when they die. Unfortunately, not thinking about it will only hurt one’s family in the end. Many New Jersey residents have not gone through the estate planning process. If it seems too overwhelming to you, you can start with just the basics — creating a will.
Drafting a will is not necessarily hard, but it can take time to get it just right. Do you have very specific thoughts for how your estate should be handled when you pass on? Would you rather keep it simple and straightforward? It is your will, and it can contain as much information as you would like it to.
In order for a will to be considered valid in the state of New Jersey, the wording has to be precise, and it needs to be signed with witnesses present. It may be possible for your loved ones to contest the validity of your will for a number of reasons. If anyone decides to do this, they will need to explain their reason in court and provide evidence to back up their claims. If you make sure to dot all your I’s and cross all your T’s, what you include in your will is likely to be upheld.
If you want to start the estate planning process by drafting a will, an experienced attorney can help you get it done right. Your legal counsel can also suggest other estate planning documents that might be beneficial to you. To learn more about estate planning and how an attorney can help you, please visit our New Jersey-based firm’s website.