South Jersey Estate Planning Lawyers
Our Estate Planning Attorneys Ensure the Future Financial Security of Your Loved Ones in Camden County, Mercer County, and Burlington County, NJ
Making an estate plan is an important step that every person should take. By having a comprehensive estate plan in place, you can protect yourself and your loved ones in the event of the unexpected. Our attorneys have assisted clients with estate planning throughout South Jersey, including Browns Mills and Moorestown areas, in crafting estate documents including wills, trusts, healthcare directives, and powers of attorney. We will draft all necessary documents and work with you to create and develop a comprehensive estate plan that will make sure that your loved ones benefit from your gifts to them.
Why You Need an Estate Plan – Regardless of Your Tax Bracket
The value of a New Jersey estate is no longer subject to a New Jersey estate tax. New Jersey does, however, still impose a transfer inheritance tax on transfers made to certain types of estate beneficiaries. An experienced estate planning attorney can help you craft a tax-effective estate plan that will provide maximum protection for your family.
An Estate Plan Will Safeguard Your Most Important Assets – Your Children
It’s not something anyone wants to think about, even for a moment. However, if you have children, you have to plan ahead for the worst-case scenario. If you and your co-parent (be it a spouse or ex-spouse) were to die simultaneously, who would raise and provide for your children? A solid estate plan will ensure your minor children will be raised by the person(s) you choose and will have access to the money in your estate (savings, retirement funds, life insurance benefits, etc.). An estate attorney at Posternock Apell, PC will talk to you about a variety of documents that will help you protect your minor children, including a will and a trust. You can dictate how and when your children will have access to the money. The bottom line is this: they won’t have you, but they will be taken care of according to your wishes.
Health Care Power of Attorney/Medical Directive: Stay in Control of Your Healthcare Decisions
In addition to protecting your children’s future interests, you also want an attorney who will help you make sure your healthcare wishes are honored in the event that you are unable to communicate your own wishes. The qualified estate planning attorneys at Posternock Apell, PC can prepare a document called an “Advanced Medical Directive for Health Care” or a “Living Will.” This is a legally enforceable document that ensures that your wishes for end-of-life care are known to your family and medical providers, and that one or more persons are designated to carry out your wishes.
What Kinds of Estate Planning Services Do We Offer?
At Posternock Apell, PC we offer a variety of estate planning services, including:
- Wills and Estate Planning
- Guardianship Appointments and Contests
- Trusts including Special Needs Trusts
- Living Wills (Advance Medical Directives)
- Estate Planning for Nontraditional Families
- Review of Existing Estate Planning Documents
- Will Contests
- Power of Attorney
- Business Succession Planning
- Asset Protection Planning
- Probate Litigation
Wills: A will is a set of instructions for the distribution of your assets upon your death. You can protect your loved ones’ interests and help to ensure their financial security going forward. You can also ensure your family avoids interpersonal conflicts by establishing a clear plan for distributing tangible personal property and belongings, including family heirlooms. Additionally, if you own a family business, you should have a plan in place for succession of the business.
Guardianship or custody of minor children: Estate planning is especially important when you have a child. It’s important to name a guardian in your will to ensure your wises are honored and to avoid family feuds over the care of your children.
Trusts: Trusts are useful documents that can be used to help you protect your assets and specify the use of and management over such assets. A trust can also be established if you want part of your estate to be devoted to charitable giving. Our firm handles the creation of a variety of trusts, including a revocable trust, marital disclaimer trust, and testamentary trust for the benefit of minors.
Living wills, conservatorships and designation of power of attorney: You should protect your own interests in case your health deteriorates or you become incapacitated. There are different ways to structure a living will and different types of power of attorney. The scope of a power of attorney typically includes handling financial matters and other “daily living” activities. A living will sets forth healthcare directives concerning your end-of-life healthcare decisions. Both documents are important because they ensure that your wishes are known and that there is a designated person or persons you trust to carry out those wishes.
Estate planning for nontraditional families: Same-sex couples, couples with children from a previous marriage, and couples who are not married are subject to more complicated rules. If you have a nontraditional family, you need an experienced estate planning lawyer to assist them with crafting an effective estate plan that protects the interests of you and your loved ones.
Plan for the Future; Speak with Experienced and Compassionate South Jersey Estate Planning Lawyers at Posternock Apell, PC
Any major life event should spark a review of your estate planning documents. Regardless of your unique situation and circumstances, you should periodically review your estate planning documents because tax laws are constantly changing. Moreover, your own financial circumstances might have changed considerably since you first drafted your estate planning documents. We will listen carefully and understand your story so we are able to draft documents that meet your needs and goals. We understand your story is unique, so we always start the process with an in-person interview. We will go over important matters, such as assets, family, age of children, etc. We also provide a questionnaire to be filled out ahead of time, so this process is as easy as possible. To discuss your specific NJ estate planning needs, give us a call today. You can also submit our online contact form to schedule a free phone consultation.