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McCurrie McCurrie
& McCurrie, L.L.C.

680 Kearny Avenue
Kearny, NJ 07032-3010
Phone: (201) 467-4180
Fax: (201) 997-9567
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Estate plans have many elements, need regular updates

An estate plan is essential for everyone, no matter what stage of their life they might be in. Surprisingly, many people delay estate plans, well into the middle or late stages of their life. However, the sooner a person makes an estate plan, the better. These plans not only help a person pass on belongings, but also help a person assign guardianship of their children, if they have children, and help inform family and doctors of their wishes if they are not capable of making medical decisions for themselves.

A will is a primary estate planning document. A living will and trusts are other common parts of an estate plan and can work alongside of a will. Many people might believe that these documents all do similar things, but they all help accomplish different goals.

Trusts can help a person's family financially, and ease some portions of asset distribution to beneficiaries. Wills can serve as a way to divide assets. All of these documents can work together. One of the most important things is that people regularly inspect their estate planning documents and update them if necessary.

Speaking with an experienced estate planning attorney might be a wise decision for any New Jersey resident, no matter what stage of their life they are in. They can help a person establish a proper estate plan to fit their individual needs. An attorney can ask questions about the person's wishes, to make sure all of their documents will work to ensure their wishes and planning needs are met.

Source: CBS Boston, "Estate Planning Is Essential" Dee Lee, March 22, 2013

-Updating estate plans is sometimes necessary for New Jersey residents. Please visit our website to learn more.

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