Legal Counsel for Wills, Trusts, and Estates

To ensure your desires are fulfilled upon your passing, estate planning sets the stage to get your financial and personal affairs in order. In addition, this makes it easier on loved ones you leave behind.

The Essentials of an Estate Plan

At Gruber, Schwartz & Posnock, LLP, we understand that every client's situation is different. However, there are some basics to keep in mind. Your personal wishes should be handled in a will, and your financial wishes are better handled through a trust. The combination of a will, trust, and other documents, comprise the essentials of a well-crafted estate plan.

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Trusts

A trust typically allows assets to be transferred immediately upon death without court supervision and without the need for probate. The basic concept of a trust is that assets are "owned" by the trust, not the individual. The individual creates a trust in his or her lifetime, controls the assets as the initial trustee, and specifies to the named successor trustee, to handle the disposition of assets upon death.

Wills

A will allows you to specify your desires for matters that are not specified in the trust. For instance, a will can address burial or cremation directives, the disposition of personal items, or the distribution of any assets not specifically addressed in the trust.

Help with Estate Planning

When you need more help with securing a will or trust; get legal counsel from our experienced estate planning attorneys. We serve clients in Newark, New Jersey, and the surrounding regions.