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Planning for the Future? Why Now is the Right Time to Write Your NJ Will and Trust - 6 Reasons to update your will in NJ

Family planning and estate planning in NJ

Life is unpredictable, and having a will in place provides not just peace of mind for you but also a roadmap for your loved ones during challenging times. Whether you've recently experienced a major life event, such as marriage or the birth of a child, or are simply taking a moment to reflect on your journey so far, crafting a will empowers you to shape the narrative of your estate. Don't wait for the unpredictable twists and turns that life may bring—seize the present to ensure that your final wishes are documented, providing a clear and thoughtful guide for the distribution of your assets and the well-being of your loved ones. The following are the most common situations that people request our Wills and Estate planning services for:

Major Life Events:

  • Marriage: Many individuals create or update their wills upon getting married.

  • Birth of a child: The arrival of a child often prompts parents to create a will to designate guardianship and distribute assets.

  • Divorce: Individuals may need to revise their wills after a divorce to reflect changes in beneficiaries and asset distribution.

Health Concerns:

  • Diagnosis of a serious illness: Facing a health crisis may lead individuals to think about their end-of-life preferences and distribution of assets.

  • Advancing age: As people age, they may become more inclined to plan for the distribution of their assets through a will.

Financial Milestones:

  • Significant increase in wealth: Acquiring substantial assets may prompt individuals to create or update their wills to ensure the proper distribution of their estate.

  • Purchase of property or business: Acquiring new assets can be a trigger for considering the creation or update of a will.

Annual Checkups:

  • Some people choose to review and update their wills annually as part of their financial and legal planning.

Retirement Planning:

  • Retirement: Planning for retirement often involves considering how assets will be distributed to heirs.

End-of-Year Reflection:

  • Some individuals may use the end of the year as a time to reflect on their accomplishments, life changes, and goals, prompting them to review or create a will.

In the tapestry of life, the threads of uncertainty are interwoven with the moments of clarity. Now, more than ever, is the opportune moment to pen down your wishes and secure the legacy you wish to leave behind. Our New Jersey estate planning attorney recommends reviewing and updating a will periodically, especially after major life events, to ensure that it accurately reflects the individual's wishes and current situation. New to estate planning? Download our Estate Planning E-Book.

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