Ensure Your Wishes Are Carried Out According To Your Plan
At Trimble & Register in Turnersville, with over 50 years of combined legal experience, we understand the importance of safeguarding your assets and ensuring that your wishes are conducted according to your specifications. Our resolute team of estate planning lawyers is committed to providing personalized guidance and comprehensive solutions to help you plan for your family and loved ones’ future.
What Is Estate Planning?
Estate planning is the process of arranging for the transfer of your assets and property upon your death or incapacity. It involves creating legally binding documents that outline your wishes and ensure that your loved ones are taken care of based on the instructions you leave behind.
Key Components Of An Estate Plan
The following are some of the most important parts of any solid estate plan:
- Last will and testament: Specifies how your assets will be distributed after your passing.
- Durable power of attorney: Appoints someone to handle your financial affairs if you become incapacitated.
- Healthcare directives: Outlines your preferences for medical treatment and end-of-life care.
Whether you have a concrete idea of how you’d like to manage your assets for the future or you don’t know where to start, let our team at Trimble & Register assist you.
What Are The Different Types Of Trusts?
Another key part of any good estate plan is the formation of a trust. A trust will allow you to better protect your assets from creditors and lawsuits while also preventing them from going through New Jersey’s probate process.
There are three types of trusts:
- Revocable living trust: Allows you to keep control over your assets during your lifetime and distribute them according to your wishes after your death.
- Irrevocable trust: Provides asset protection and potential tax benefits but cannot be changed once established.
- Charitable trust: Allows you to support charitable causes while potentially reducing your tax burden.
It’s important to choose the type that suits your needs. We can discuss it with you and give you a more detailed explanation of how each works.
Planning For Incapacity
Estate planning also addresses the possibility of becoming incapacitated due to illness or injury. By appointing a trusted individual as your power of attorney or health care proxy, you can ensure that your affairs are managed according to your preferences.
Guardianship For Minors
If you have minor children, your estate plan should include provisions for appointing a guardian to care for them in case of your passing or incapacity.
Don’t Leave Your Family’s Future To Chance
At Trimble & Register, we understand the complexities of estate planning and are dedicated to crafting tailored solutions that align with your and your family’s needs. Call us today at 856-232-9500 or contact us through email to begin safeguarding your legacy.