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.
A recent study found that about 19 percent of baby boomers feel that they owe their children an inheritance. Of individuals age 72 and older 14 percent feel they must leave an inheritance to their children. While it may be that baby boomers are more interested in imparting family legacy and values, the simple fact is that many still have substantial assets to distribute as well.
Many Camden County couples preparing their estate plans utilize the assistance of a financial advisor to prepare important documents. However, it is important for individuals and couples to not only provide accurate information to their financial planner, but to also carefully review the information on the documents.