Attorneys helping to plan for your future

Trusted Services for Estate Planning in NJ

What Is Estate Planning?

Estate planning in NJ is the process of identifying who gets what after your death, how they receive it, and how to carry out your intentions efficiently.

How Is an Estate Plan Created?

Working with an estate planning attorney in NJ involves reviewing your goals and assets, learning about the law and options for your loved ones to receive your assets, and designing strategies to pass your wealth and values.

Parts of an Estate Plan

An Estate Plan always has at least three documents:

  • Will – Takes effect upon your death and directs where assets owned by you with no beneficiary designation go upon your death.
  • General Durable Power of Attorney – Allows someone else to make financial decisions for you in the event you become incapacitated.
  • Living Will and Health Care Power – Allows someone else to make medical decisions for you if you become incapacitated.

What Is a Trust?

Your Estate Plan may also incorporate a Trust. A Trust is a vehicle that owns assets and has rules for how those assets can be used. A Trust can be the most useful tool to create an Estate Plan that fits you and your family. With the help of an experienced estate planning attorney in NJ, a Trust can:

  • Hold assets for younger beneficiaries until they reach a certain age.
  • Protect assets from the cost of long-term care.
  • Reduce or eliminate taxation of assets.
  • Ensure that assets are available for one person, but eventually passed to other people.

Working With Professionals in Estate Planning in NJ

Many families have limited experience working with an estate planning attorney in NJ. Learn more about our Who We Are and What We Do.

Wealth Preservation Services

Porzio’s Wealth Preservation attorneys serve New Jersey families with offices in Morristown NJ, Princeton NJ, and New York City. We provide legal counsel on Estate Planning, Elder Law, Asset Protection Planning, Special Needs Planning, Wills and Trusts, Powers of Attorney, Health Care Powers, Living Wills, Probate, Estate Administration, Estate and Trust Litigation, Guardianship, and Tax Planning to families in Bergen County, Essex County, Hudson County, Hunterdon County, Mercer County, Middlesex County, Monmouth County, Passaic County, Somerset County, Sussex County, Union County and Warren County.