Certified New Jersey Elder Law Attorneys

McHugh & Macri
Certified Elder Law Attorneys Serving New Jersey Residents since 1978.
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NAELA National Academy of Elder Law Attorneys, Inc. MEMBER

New Jersey residents who are under the age of 40 are not too young to start estate planning, especially if they have a family. A few simple strategies can help ensure that one's affairs are in order and that one's wishes are carried out.

It is important to realize that estate planning is important regardless of one's net worth. This is especially true if family members are depending on your financial support. While it can be uncomfortable, it is important to talk with loved ones about what is desired after death in order to be reassured that desired outcomes will result.

Certain documents, such as a will, a living will, life insurance policies, and a durable power of attorney, are the building blocks of an estate that will be sustained after a person's death. In order to ensure that these documents are properly prepared and implemented, most experts recommend the use of estate planning professionals. It is also important that these documents are reviewed on a regular basis, and that items such as beneficiary designation forms are continually updated. Health care directives are also important to cover situations where an individual is unable to make decisions because of severe incapacity or disability.

When a New Jersey resident wants to ensure that his or her wishes will be carried out after death, an attorney who is knowledgeable in estate planning may be able to assist in the preparation of a will and a trust. Such an attorney may also be able to advise a client as to other estate planning documents that may be appropriate for a particular situation.

Source: US News, "Estate Planning Tips for People Under 40", Sienna Kossman, September 18, 2013

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49 Ridgedale Avenue 
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