Estate planning is a formal term for “getting your affairs in order.” One of the primary goals of estate planning is to make sure that the money, property, and other assets you have earned with hard work throughout your lifetime are properly protected and taken care of when you pass away.
Items in an Estate
When planning your estate, it is important to consider the following items and how you would like them to be distributed:
- Cash Assets
- Real Estate
- Pensions and Retirement Plans
- Family Heirlooms
- Other Important Items and Assets
Estate planning not only helps ensure that your assets go to the right people when you pass, but also that these items pass in an orderly and tax efficient manner to your friends, family, and other beneficiaries. Proper estate planning can also help prevent legal disputes between your loved ones after you pass.
Updating Your Estate Plan
Even if you already have a will, living will, power of attorney, or estate plan established, these important legal documents should be reviewed and updated periodically and after major life events such as marriage, divorce, birth of a child or grandchild, or whenever there are significant changes in your financial situation. By periodically updating your estate plan, you will be able to make sure that your last wishes are properly documented.
Estate Planning Services
The law firm of Tagliente & Shah, LLC, offers estate planning services to clients in New Jersey throughout the various stages of life.
Our team of lawyers can help you create or modify the following legal items related to your estate:
- Revocable Trusts
- Irrevocable Trusts
- Power of Attorney
- Healthcare Directives
- Charitable Planning
Together, each of these components make up your overall estate plan.
Need Help with Estate Planning?
If you are interested with meeting with one of our attorneys to help plan your estate, do not hesitate to contact us today.