Elder Law, Family Law, and Estate Planning in Hackensack, New Jersey

Estate administration can be complicated and scary. Estate administration involves the probate of a deceased person’s estate, a fancy word for assets, and typically includes three broad actions: ●        Asset collection, inventory and appraisal; ●        Collecting and paying debts and taxes; and ●        Distributing the remaining assets to beneficiaries. This process may occur with or without a will and may occur subject to a probate court order or outside a probate court, if a gift was made during the deceased person’s lifetime, for example. The process itself is formal with many requirements to submit forms, documentation, and provide an account of the assets and liabilities as they are discovered and inventoried. An item that was gifted in the will, may no longer be available at the time of distribution. A probate attorney in Hackensack, New Jersey will help your family and...

Regardless of your age, having a will and making plans for your estate is something you should do. You cannot predict when you will die, but you can make sure that things are carefully planned out just in case you do pass away unexpectedly. Without a will or any plan put in motion, your adult children may be stuck trying to figure things out on their own and that could eventually lead to problems and arguments within the family. If you want to keep your adult children from dealing with additional issues when they will already be grieving your loss, you should discuss your will and estate plans with them before anything ever happens.                                                                    Have the Conversation Do not be afraid to have the conversation with everyone at once. Instead of calling one ...