An intentionally defective grantor trust allows wealthy families to transfer assets from one generation to the next while achieving significant tax savings. IDGTs are especially useful if you have assets that will appreciate significantly over time.
WILLS & PROBATE LAWYER
ATTORNEYS CAN HELP:
- Draft and maintain a Will that provides clear instructions on the disposition of your property
- Assist with the probate process to ease the burden on your loved ones
- Navigate through the maze of inheritance and intestacy laws
A Will is the most basic instrument a person in Palisades Park, NJ can use to bequeath property to her or his heirs. While state laws provide default rules for the disposition of an estate in Palisades Park, NJ it is often the case that those rules do not meet people’s requirements because they do not account for their individual circumstances. A properly drafted Will can become a useful tool, but, like any other part of your estate plan, it requires special attention to individual circumstances specific to you and your family, and continuous maintenance because circumstances do change.
You can trust the attorneys at Willis Law Group LLC to steer residents of Palisades Park, NJ through the complexities of the inheritance laws, including intestate succession laws. We can assist you with drafting a Will and handle the probate process in court with your loved ones when the unfortunate time comes for the disposition of your assets. Even with a Will, the probate process may be stressful and burdensome for a grieving family, and having an experienced attorney by their side can alleviate the burden and provide peace of mind during the trying time of mourning.
For more information on our legal Wills & Probate services for residents of Palisades Park, NJ, contact the lawyers at Willis Law Group, Call (877) 296-2575 to learn more.