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Assisting New Jersey residents with their estate planning

While many individuals may know that planning for the future is wise, many couples fail to do it. For married couples in particular, estate planning is a wise choice. While every couple is different and may have various objectives to their estate planning, most married couples share many of the same objectives.

There are many important factors to take into account when beginning to map out one's estate planning procedure. Two of the most important objectives married couples seek out of their estate plan is to ensure their loved ones are provided for while minimizing taxes. These two items go hand in hand. As one is able to reduce the amount of taxes taken out of their assets, the more the couple is able to provide to their loved ones upon their death.

The other areas that many married couples seek in their estate plans are simplicity and relative inexpensiveness. Planning for death is not always a pleasant idea for most individuals, so having expensive fees along with the stress of planning for death can add stress to the situation and be overwhelming for some. Additionally, most couples seek to maintain privacy and control of their estates.

Estate planning does not have to be overwhelming. While there can be thousands of different objectives for every couple, there are some objectives that are important to a majority of couples. Fortunately, there are experienced estate planning legal professionals who are available to assist couples or individuals who wish to secure their future for their loved ones.

Source: Forbes, "Eight Common Estate Planning Objectives Of Married Couples," Lewis Saret, May 13, 2014

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