While there are several different types of trusts available to New Jersey residents, there are only two that fit the needs of most people. These are revocable and irrevocable trusts. What's the difference? Which should one choose when going through the estate planning process?
There are a lot of words that just do not seem to fit together in the same sentence. For example, estate planning and simple. Believe it or not, some New Jersey residents can create simple wills that provide all of the protections that they need for their estates.
Estate planning is something all people need to consider, and they should consider it sooner than they think. There are various aspects of estate planning, including wills, letters of intent, guardianship designations and more.
Do you have a will? Have you updated it recently? Quick: think about the last time you looked over this important document and made any changes to it. Has it been years? Possibly decades?