New Jersey Will and Trust Drafting Attorneys
Seasoned Will Drafting Lawyers in Bergen County, NJ Advise Clients Through the Estate Planning and Drafting Process in Passaic County, Essex County, and Throughout New York, including Queens County, Nassau County, and NYC
Estate planning is an important task for any person to undertake, especially when you have children or own significant assets you want to leave behind. It is important to have documents to communicate your intentions and wishes to your family when you are no longer able to do so due to incapacity or death. But writing wills and trusts requires a lot of attention to detail to make sure that your estate plan covers everything and can carry out your wishes for your personal affairs and the passing on of your estate. Get the advice and assistance you need when drafting a will or trust from a knowledgeable NJ will attorney serving clients in Bergen County, Passaic County, Essex County, Queens County, Nassau County, and throughout North Jersey and NYC. Reach out to the Choi Law Firm for a confidential consultation with our qualified New Jersey will and trust drafting attorneys to learn more about your rights and options.
Since 2005, our legal team has used their legal knowledge and experience to achieve successful outcomes on behalf of our clients. Let us provide you with peace of mind that you and your hard work are protected by a well-drafted will, trust, and other estate planning documents.
Table of Contents
- Process of Drafting a Will or a Trust
- Why Hire Our New Jersey Will and Trust Drafting Attorneys to Help?
- Contact The Choi Law Firm Today to Speak with Our Qualified New Jersey Will and Trust Drafting Attorneys During a Confidential Consultation
- Frequently Asked Questions About Drafting Wills and Trusts in New Jersey
Process of Drafting a Will or a Trust
Drafting a will involves the following steps:
- You must be at least 18 years old and have testamentary capacity, or the ability to understand the nature and extent of your assets, identify the persons or entities you want to leave your property to, and the consequences of making a will.
- The will itself should be a written document that identifies itself as your “last will and testament,” identifies who you are, nominates one or more persons to serve as executor of the estate, and identifies your property and who you want to leave your property to.
- You must date and sign your will, with your signature witnessed by at least two persons. Preferably, the witnesses’ signatures should also be notarized to avoid needing to call them to testify in the probate of the will.
Setting up a trust involves:
- Drafting a trust document, which should identify who you are, what property you want to put in the trust, the party or parties who will serve as trustees to manage the trust assets, the party or parties who will be the beneficiaries of the trust to receive income or principal from the trust, and the terms on which trust income or property should be paid out.
- Your signature on the trust document should be witnessed by at least two individuals, or be notarized. Ideally, the witnesses’ signatures should also be notarized.
- Setting up a bank account that will hold trust funds, with the account in the name of the trustee.
- Transferring the assets identified in the trust document into the trust, such as by transferring cash into the trust’s bank account or retitling property in the name of the trustee or trust.
Why Hire Our New Jersey Will and Trust Drafting Attorneys to Help?
Hiring our will drafting lawyers in Bergen County, NJ to help you with putting together a will or trust can offer several critical benefits, including:
- Assisting you with selecting the appropriate trust structure for your estate planning goals
- Ensuring that you do not include provisions in your will or trust that are prohibited by state law
- Overseeing the process of executing the will or trust document so that it can be enforced
- Providing you with answers to your questions about your legal rights and options, as well as advising you about issues in drafting a will or trust that you may not have known about or considered
- Providing ongoing support after your will or trust is drafted, including help with regular reviews of your estate documents to ensure they still comply with applicable laws and reflect your current wishes with respect to how your assets should be managed or distributed after your passing
Contact The Choi Law Firm Today to Speak with Our Qualified New Jersey Will and Trust Drafting Attorneys During a Confidential Consultation
To ensure you have an effective, comprehensive will or trust, turn to the experienced will drafting lawyers in Bergen County, NJ at the Choi Law Firm for the critical advice and knowledge you need to protect your interests. Contact our firm today for an initial case review to discuss how our experienced New Jersey will and trust drafting attorneys can help you and your family.
Frequently Asked Questions About Drafting Wills and Trusts in New Jersey
A will is a document that provides instructions for how you want your assets to be distributed following your death. In a will, you will typically nominate someone to administer your assets and estate; this person is called an executor. You can use your will to give specific assets to certain people or organizations, or you may simply choose to leave a percentage of the net value of your estate to one or more persons. If you have children, you can also use your will to nominate someone to serve as guardian in the event both you and your children’s other parent have died.
A trust is a type of legal arrangement that holds property. The property is placed into the trust by the trust-maker, also called a trustor or settlor. In a trust document, the settlor will name one or more people to serve as trustee, which is the party who manages the trust. The trustee is expected to manage the trust’s property in accordance with the terms of the trust, which set forth the settlor’s wishes. The trust property is held on behalf of one or more parties who are known as beneficiaries. A trust may pay the beneficiaries’ income generated by trust assets, such as investments or rental property, or it may pay out the assets themselves to the beneficiary, according to the settlor’s wishes (or the trustee’s discretion if the trust grants such authority).
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