Planning for the future is an essential part of everyone’s life as they grow older. It is important that you create a will in order to protect your assets and ensure that your wishes are respected upon your passing. Estate planning can be an ongoing process that changes with time. You may obtain new assets, add or remove someone from your will, or want to appoint someone who can make decisions for you if you can’t make them yourself.
When you create a will, it is important for you to appoint an executor for your will that carries out your wishes once it becomes effective. The executor of your will reads the document and distributes the assets to each beneficiary. The executor is also responsible for paying any outstanding debts that are in the deceased person’s name. The executor of a will has a lot of responsibilities and it is important to know that they are legally obligated to follow the wishes listed in the will, whether they agree with them or not.
When choosing an executor for your will, it is important that you choose someone you can trust and believe will respect your wishes. You should also be sure to choose someone who you believe will be able to handle these tasks during such an emotional time.
If you need assistance creating a will, choosing an executor, or planning your estate in New Jersey or Delaware, it is important that you speak with an experienced attorney who can provide you with the guidance you need to prepare for the future.
The law firm of Mattleman, Weinroth & Miller, P.C., is composed of experienced attorneys throughout the states of New Jersey and Delaware. Please contact the office for a free initial consultation and get any questions answered regarding your specific case.