In uncertain times like these, we are reminded of the importance of creating a comprehensive estate plan. Please continue reading and reach out to our experienced New Jersey attorney to learn more about some of the key aspects of estate planning. Here are some of the questions you may have:
Why should I write a will?
There are few things more important than drafting a will. Doing so ensures various assets and objects you’ve accumulated throughout your lifetime are handled as intended upon your death. If you die without writing a will, you die “intestate,” which means your assets will be distributed on a succession schedule, depending on your surviving family members.
What is a power of attorney?
Powers of attorney are designed to help individuals allow others to make certain key decisions on their behalf if they are incapable of doing so for one reason or another. If you are someone who has been quarantined with the coronavirus, you will most likely need a trusted person to handle certain important affairs, such as making bank deposits and withdrawals, filing tax returns, hiring caretakers, paying bills, accessing your medical records and more.
Should I create an advanced healthcare directive?
When you create an advanced healthcare directive, you appoint certain individuals to make critical medical decisions on your behalf upon your incapacitation. The individual that you appoint can deal with the following circumstances:
- Access crucial medical records in certain emergency situations;
- Determine whether or not you are incapacitated;
- Confirm or deny whether you would want to receive life-saving medical care;
- Ensure medical decisions are made according to what you would wish, and more.
Contact our experienced New Jersey firm
Juan C. Velasco, Esq. is a trusted attorney who concentrates on bankruptcy, family law, real estate, and estate matters who has been serving the New Jersey area for over 20 years. That is why we are confident we have what it takes to provide you with the effective legal counsel you need. If you need experienced legal counsel, please contact Velasco Law Office and we will be happy to assist you.