Christine Matus, a seasoned estate planning attorney from the Matus Law Group, has published an insightful article on estate planning. This detailed piece unravels the crucial aspects of estate planning and highlights its importance for everyone, regardless of wealth status.
In the opening of the article, Matus Law Group emphasizes the significance of a well-crafted estate plan. Matus asserts that such planning provides peace of mind for individuals concerning their future and legacy, offering protection for the assets they have worked hard to accumulate throughout their lives.
Christine Matus stated, “An estate plan provides protection for an individual's property, shields them from financial threats, guides the distribution of assets after their death, and dictates healthcare and end-of-life decisions when they become incapacitated” The article by Matus Law Group explains that a comprehensive estate plan allows control over assets, protects families from probate, and reduces the risk of disputes.
The article identifies the essential estate planning documents in the State of New Jersey. These estate planning documents include a will, a durable power of attorney, a healthcare power of attorney, a living will or advanced medical directives, and a revocable living trust.
Matus further explains the difference between a will and a revocable living trust, stating that while a will sets out the wishes after the individual dies, a revocable living trust goes into effect immediately, allowing individuals to retain control until their death or incapacitation. Importantly, she emphasizes that a revocable living trust supersedes a will, making it a critical part of a comprehensive estate plan.
The article also presents common mistakes people make when planning their estate, including not having an estate plan, having an outdated will, not coordinating beneficiaries, making children joint owners of assets, and not establishing plans for potential disability. Avoiding these mistakes helps protect one's assets and legacy, reducing unnecessary stress on loved ones.
"An estate plan is an essential tool that enables individuals to voice their wishes even after their death," Matus explains. "It gives them control over their assets, reduces the risk of disputes, and protects their family from lengthy and costly probate processes."
The article encourages everyone aged 18 or older to establish an estate plan, regardless of their current health status or lifestyle risks. Christine Matus asserts, "Estate plans offer a sense of reassurance that individuals' desires will be acknowledged and serve as a valuable guide for their loved ones in the event of an unexpected and sudden tragedy."
By providing this comprehensive guide, the Matus Law Group encourages everyone to take charge of their own future and protect their assets and loved ones.
About Matus Law Group:
For over two decades, Matus Law Group has been providing comprehensive estate planning services, Medicaid planning, elder law advice, and special needs planning to New Jersey residents. The firm prides itself on understanding clients' needs and finding the best estate plan for them, ensuring the protection and legacy of their assets. The dedicated team at Matus Law Group is ready to assist with estate plans and all estate planning needs, offering experience, compassion, and personalized guidance each step of the way.
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Media Contact
The Matus Law Group
125 Half Mile Rd #201A, Red Bank, NJ 07701, United States
(732) 785-4453
Email: [email protected]
Website: https://matuslaw.com/
Additional Resources
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