Wills are important legal documents. When a person has one, the estate’s executor uses the document to know how to distribute property. Still, wills do not always eliminate potential problems. If you think your loved one’s will does not give you your fair share, you may want to contest it in court.
When someone dies intestate -- without a will -- in the state of New Jersey, his or her estate is subject to state succession laws. This means a judge will get to decide whom to name as the executor and beneficiaries, and how assets will be divided. For some families, this works out just fine in the end. For others, this can lead to estate litigation, as conflict may arise regarding how the estate is being handled.
When a loved one dies, it is normal to want to close out his or her estate as quickly as possible and move on with life. It is not something people want to dwell on or drag out for years. Unfortunately, some individuals may take issue with the contents of their loved one's will. When that happens, estate litigation may be the only way to resolve the matter in the state of New Jersey.
Many New Jersey residents think that, when it comes to their estates, they do not need to put plans in place until they are older. Estate planning is not just for the older population, however. In fact, for individuals with young children at home, they are doing their families a disservice by not being prepared for the inevitable.
New Jersey residents who have more than one child may think that naming all of their children as co-executors of their estate is a good choice. Such a decision may make one's children feel that they are all important and valued, but it can also cause a number of issues. These issues, unfortunately, may end up requiring estate litigation to resolve.