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.

Documents Required For Estate Planning


Appointment of Conservator Contingent Upon Incapacity - It is a document where you choose a Conservator of one’s person and property to serve if you are certified by a Probate Court to be an incapable person. It lets you decide, rather than the local Probate Judge, who should be in charge.

Document Concerning Health Care and Withholding or Withdrawal of Life Support - It is the document that replaces the old Living Will. This document expresses your wishes regarding the removal of life support systems. If this document is not available, you would need a court order to withdraw life support systems.

Appointment of Health Care Representative - It designates a person to carry out your wishes concerning life support and other health care decisions.
A Trust - It can be created in your Will or in a separate document while you are living called Living Trust. Trusts may be revocable or irrevocable. Trusts are tools used to avoid Probate, reduce taxes and protect family members.

For any help legal regarding Estate Planning, you may consult Real Estate Attorney or Residential Real Estate Lawyer NJ.
Location: Livingston, NJ 07039, USA

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