Wills and trusts are integral parts of good estate plans. Depending on your needs, type, and location of assets, you may only need a last will and testament. Others may need a trust, in addition to a will, in order to protect beneficiaries who are in their tender years, or those who are receiving government benefit. Trusts may also be used to obtain certain tax benefits. In rare cases, in New Jersey, a last will is not appropriate at all and a living trust is needed.
There are a lot of issues which need to be considered. Certainly there are many types of Wills and Trusts. Their use depends totally upon what you, the client, is hoping to accomplish. Many people come to us because they have young children and need to name someone to act as a guardian in the unlikely event that both parents pass before their children reach adulthood. Some have a disabled child or parent that needs continuing care for which provisions must be made. Others just need to ensure that their estates are distributed in the most efficient manner as possible to take advantage of tax savings clauses which benefit their family. Whatever the need, the attorneys at Shanahan & Voigt, LLC have the experience and knowledge to help you reach your goals.