Important Documents Required For Estate Planning
Anyone who wants to make decisions for them needs an estate plan. It should be prepared by an experienced Real Estate Attorney NJ and the plan should contain the following documents:- Last Will and Testament - It is an instrument that directs how you wish your assets to be distributed after your death. If you die without a Will your assets will be distributed by way of the Laws of Intestacy. If you die with no living, blood relatives, your assets will go to the State. If you have minor children, your Will is the legal document used to appoint a guardian for them. Durable Power of Attorney - It is a document that appoints an agent, called an Attorney-In-Fact, to sign documents and perform acts on one’s behalf. The word “durable” indicates that it survives your subsequent disability or incompetence. Thus, it permits someone that you appoint to act on your behalf if you are not able. Appointment of Conservator Contingent Upon Incapacity - It is a document wher