Red Bank Wills Attorney
Creating a comprehensive estate plan can be a complicated process, but at Margaret M. Mahon, Esq., LLC, it is our goal to simplify it for you. The firm works hard to find creative solutions to your legal matters and make sure your interests are protected now and in the future. We understand the nuances of estate administration and asset protection. We use every available resource to safeguard your assets. A knowledgeable lawyer can guide you through the estate planning process and explain how it can benefit you and your family. Contact Margaret M. Mahon, Esq. LLC for a consultation.
Drafting a will
A will is a legal document outlining how you want your estate distributed to your loved ones. Your will can be as specific as you want to make it, including outlining specific assets you want to pass to certain people or whether you want to specifically exclude a family member from inheriting property. A will can also appoint a guardian for your children if you die or become incapacitated.
One unique aspect of New Jersey estate planning law is that taxes are applicable to estates valued at more than $675,000. We can assist you with addressing inheritance tax issues arising from gifts made to an individual who is not a family member. We also recommend that you allow me to draft an advance healthcare directive and power of attorney to ensure that your medical and financial affairs are handled the way you want them to be if you should become incapacitated.
How can I modify my will?
You can modify your will at any time while you are living. Modification of wills commonly occurs:
- When a new child is born
- When a couple gets divorced
- When a child is adopted
- When a spouse passes away
- When you get remarried
- When your financial situation changes
Contact our firm
Drafting a will is essential to a comprehensive estate plan. We recognize discussing one’s estate can be uncomfortable but we are dedicated to helping you prepare for an uncertain future. Schedule your free 30-minute initial consultation to discuss your estate planning or wills matter, contact Margaret M. Mahon, Esq. LLC.