Estate Planning Attorney in Monmouth County, New Jersey
Get Your Affairs in Order with Estate Planning Near Monmouth County, NJ
Maybe you’ve heard about estate plans before. However, you’re not exactly sure what an estate planner does. They have a simple task – to help their clients pass on their wealth and assets after they die – but the execution can be complex. If you have any assets, regardless of their size, you should have an estate plan. If you don’t, you won’t have any say about how to divide your property after you die. Don’t worry– there’s help. As an estate planning attorney, I have offered estate planning services to clients in the Monmouth County, NJ area for more than 50 years. Because of that, the Karlstein Law, P.C. enjoys a reputation as a reliable and professional estate planning firm among clients in New Jersey. Call the Karlstein Law, P.C. today to schedule an appointment. I am proud to serve clients in:
Monmouth County, NJ
Middlesex County, NJ
Old Bridge, NJ
East Brunswick, NJ
Ocean County, NJ
Karlstein Law, P.C.: An Experienced Estate Planning Attorney
There are two main types of estate planning documents: trusts and wills. Generally, anyone with any assets should have a will. In contrast, only certain clients’ situations demand other estate planning documents, such as trusts. If you die without an estate plan, you won’t have any say regarding how your property is divided after you die. Instead, the Court will assign a third-party Administrator to divide your assets.
A Will is essentially a list of someone’s (called a testator) assets and directives regarding how to distribute them. In their Will, a testator will list all of the property that they own including real estate, stocks, bonds, and other assets. Then, the testator will leave instructions on how they want to divide their assets. Finally, the testator will designate an executor. The executor is responsible for carrying out the testator’s directives after the testator dies.
Trusts are a little more complex than Wills. When someone (called a grantor) forms a trust, they pass legal ownership of their property from themselves to the trust. The trust’s administrator, called a trustee, makes decisions regarding the property on their own, usually in accordance with some written directions from the grantor. A trust is an effective way to keep large assets from passing through to probate court and possibly avoiding federal or state inheritance taxes.
If you’re unsure about which estate planning instrument makes sense for your scenario, call me today to set an appointment.
What Does an Estate Planner Do?
An estate planner can help a client complete several essential tasks.
First, they can offer advice on which type of estate plan fits a client’s situation the best.
They can also help a client gather information about their assets into one cohesive list.
Finally, they can draft a client’s will or trust to ensure that the probate court declares their client’s estate plan valid.
Without performing these essential tasks, you can leave the future of your legacy in jeopardy. Not only will you have no say regarding the division of your assets, but your estate could spend years tied up in probate court. While it’s there, your beneficiaries won’t have access to it. However, you can avoid this draining process if you choose my estate planning services.
Consult with A Local Estate Planning Law Firm Today
With more than a half-century of experience serving clients in the Monmouth County, NJ area, Karlstein Law, P.C. has carved a name for itself as a reliable estate planning firm. I am a knowledgeable estate planner who can help you draft an individualized plan for the future of your legacy. Call Karlstein Law, P.C. today to schedule an appointment.