Nitti & Nitti, P.C. is proud to offer clear, experienced guidance to individuals and families navigating estate planning matters in Essex County, Morris County, Bergen County, Union County, Passaic County, and throughout New Jersey. Our goal is to help you protect your assets, provide for your loved ones, and gain peace of mind about the future. Whether you’re drafting your first will or updating an existing trust, our estate planning attorneys are here to answer your questions with care and precision.
You can browse our FAQ section below or contact our firm directly at (973) 226-4141 for more detailed information. You can also fill out the online contact form to arrange a free initial consultation.
What is the difference between a will and a trust in New Jersey?
A will is a legal document that outlines how your assets should be distributed after your death and can also designate guardians for minor children. It must go through probate in New Jersey courts. A trust, on the other hand, allows you to transfer assets during your lifetime or upon death, often avoiding probate altogether. Trusts offer more privacy and flexibility and can provide ongoing management of your assets for beneficiaries.
Do I need an estate plan if I don’t own a lot of property in New Jersey?
Yes, estate planning isn’t just for the wealthy. Even if you don’t own significant assets, having an estate plan ensures that your wishes regarding medical decisions, guardianship of minor children, and distribution of personal belongings are respected. A basic will, durable power of attorney, and healthcare directive can go a long way in protecting your interests.
How much does it cost to create a will or trust with a New Jersey estate planning attorney?
The cost can vary depending on the complexity of your estate and the documents you need. A simple will may cost a few hundred dollars, while a comprehensive estate plan with trusts, powers of attorney, and healthcare directives could range from $1,000 to $3,000 or more. At Nitti & Nitti, P.C., we provide transparent pricing and customized plans based on your needs.
What happens if someone dies without a will in New Jersey?
If someone dies without a will (called dying intestate), New Jersey’s intestacy laws determine how their assets are distributed. Typically, assets go to the closest surviving relatives in a specific order, starting with a spouse and children, then parents, siblings, and so on. This process may not reflect your wishes, which is why creating a will is so important.
Can I change my estate plan after it’s been created in New Jersey?
Yes, you can and should update your estate plan when your circumstances change—such as after a marriage, divorce, birth of a child, or significant financial event. In New Jersey, you can revise or revoke your will or trust at any time as long as you are mentally competent. Our attorneys can help you review and revise your estate plan to keep it aligned with your goals.
Do you have more questions about family law matters in New Jersey? Contact our firm at (973) 226-4141 to get answers.
