Estate Attorney Cherry Hill, NJ

Guidance from an Estate Attorney Cherry Hill, NJ Residents Recommend

Errors to Avoid When Writing Your Estate Plan

At some point or another in a person’s life, they may start to think about the legacy they want to leave behind. An estate attorney in Cherry Hill, NJ from Klenk Law can help you finalize your estate plan, and make sure that your final wishes will be honored after your passing. We can empathize with the stress and sensitivity associated with planning for what will happen after you are no longer here. An estate plan can also help reduce the confusion of your loved ones after you pass on. Clear instructions for your estate can be comforting for them. An estate attorney in Cherry Hill, NJ from our legal team can also suggest tax saving advantages that will be of great benefit to your heirs.

One important goal of an estate plan is to help prepare your loved ones in the event you are deceased or become incapacitated. The assistance of an estate attorney in Cherry Hill, NJ from Klenk Law can help you avoid mistakes. Otherwise, these errors can cause great frustration and stress for your family down the line along with possible legal consequences.

In this article, we have provided tips on what to be aware of when writing your will so you can feel more confident in the handling of your assets after your passing. However, an estate attorney from our firm can oversee your estate plan from start to finish to make sure it is complete and will be legally recognized. Below are some of the most common mistakes people can make when it comes to finalizing their estate plan, which can include any or a combination of the following:

• Spelling errors or grammatical errors which can cause a roadblock when it comes to your beneficiaries receiving their share of your assets.
• Forgetting to update the will based on significant life changes including divorce, ended friendships, or new relatives.
• Appointing an executor of your will who is unsuitable or unable to fulfill their duties. They may not understand their role or may be negligent when handling your assets and the responsibilities associated with overseeing your estate.
• Not listing a guardian for children while they are minors.
• Hiring an inexperienced estate attorney to oversee your estate plan can result in incorrect tax advice and substantial financial losses for your heirs.
• Not including at which age children should receive their inheritance.
• Incorrect execution of the will or estate plan.
• Not granting someone power of attorney if you then become unable to communicate or make responsible decisions.
• Not removing a beneficiary if a relationship changes.
• Not listing a back up plan in case a primary beneficiary were to pass before receiving their share of the assets.

Contact an Estate Attorney in Cherry Hill, NJ from Klenk Law

Writing an estate plan can be not only confusing but time-consuming. An estate attorney in Cherry Hill, NJ from Klenk Law can address your questions or concerns during a free introductory consultation. Call us to make an appointment with an estate attorney Cherry Hill, NJ families trust.