Many people in New Jersey have a will and other estate planning documents drafted and executed that they believe will provide for the disposition of their property after death. These documents may have provided for the big things, but it's typically the small things that put heirs at odds. Every family has those little treasures that are seemingly unimportant until someone passes away.
Common estate planning mistakes made in New Jersey
It doesn't matter what a person does for a living -- lawyer, farmer, architect or mechanic -- everyone can benefit from having an estate plan. The problem is that there are certain estate planning mistakes that people in New Jersey commonly make that could jeopardize what they are trying to accomplish. There are many things that people do in order to avoid an asset having to go through probate.
New Jersey inheritance: You don't have to be family to get it all
Back in 1959, a 13-year-old boy's brother threw a snowball at a tree and missed. It may surprise some in New Jersey to know that chance encounter over a snowball led to a lifetime friendship between that young boy and the friend of the girl that snow ball ended up hitting. In May 2008, that friendship ended with the man that was that teenage boy receiving an unexpected inheritance.
Everyone in New Jersey can benefit from estate planning
There may be people in New Jersey that believe wills, trusts and powers of attorney are only for older couples that are established and around retirement age. In truth, everyone could benefit from estate planning. Anyone that has children, is married, owns property or has other significant assets may need to be sure they are taken care of should anything happen.
