Most New Jersey residents don't like to think about making out their will. Some may feel like it is tempting fate to sit down and decide what should happen to your assets and your family after death. The truth, though, is that it may be tempting fate to avoid this important part of life. In doing so, it is important to keep in mind that estate planning, like life, is a fluid concept -- as your life changes, so should your will and estate plan.
Estate planning can differ wildly according to each person's unique needs and desires. For example, New Jersey farmers may run into special problems when attempting to leave the family farm behind. In fact, any kind of inheritance can have special considerations, but many of these problems can be mitigated, if not eliminated, with proper estate planning.
New Jersey couples approaching retirement or who are currently retired may benefit from consulting a financial planner to review any investments that fund their estate plan.
People might think that only senior citizens are in need of estate planning to handle their assets upon their deaths. This is a common misconception for many Ocean City residents.