All good things must end someday, and sadly, life is one of them. However, your influence can live on, and you can continue to care for those you love and the causes you support, even after you’re gone—but it takes careful planning. Regardless of your age and stage of life, it makes sense to plan for that day, so that when it comes, the assets you’ve accumulated in your lifetime will be distributed according to your wishes, those you love will be taken care of, and the causes you believe in will benefit from your support.
If you die without a will, the government will determine how your estate is divided up and will take whatever taxes are due. But by planning in advance, you can determine where your assets will go and even avoid various taxes and court fees that may come out of your estate otherwise.
At the Southern New Jersey law firm of Barnes Law Group, LLC, our attorneys are available to provide you with the estate planning advice that will help you determine how you want your estate to be distributed after your death. We will assist in the creation of crucial documents such as wills, powers of attorney and healthcare proxies, all while planning for the rollover of retirement funds and examining potential strategies for avoidance of unnecessary taxes and the ever-public and time consuming probate process. For owners of family-run businesses, we will include business succession planning to allow for the smooth transfer and continued operation of the business that you’ve worked so hard for, and which has provided a living for your family. By planning in advance for the distribution of your cherished personal possessions, we will help you prevent the possibility of arguing and bad feeling among your heirs, who may disagree over who gets which item of sentimental value.
Estate Planning Services for the Jersey Shore Area
These are some of the estate planning services that we can provide for you at Barnes Law Group, LLC.
- Probate avoidance
- Estate tax avoidance
- Revocable Living trusts
- Irrevocable Life Insurance Trusts
- Personal Residence Trusts
- Mixed family estate planning
- Special Needs Trusts
- Generation-skipping Trusts
- Material Deduction Trusts
- Charitable Trusts
- POD (Pay on Death) Accounts
- IRA and retirement planning
- Marital agreements
- GLBT estate planning
- Planning for your incapacity
- Miller Trusts (also known as Qualified Income Trusts, a new option in New Jersey for those needing nursing home care)
- Gift planning
- Durable Powers of Attorney
- Healthcare Power of Attorney
- Living Wills
Estate Planning Services Specifically for Business Owners
- Protecting your business assets
- Planning for liquidity at the time of your death or incapacity
- Structuring life insurance benefits to minimize taxes
- Planning exit strategies for you as the business owner
- Drafting buy/sell agreements
Estate Planning: An Act of Love
Planning for death and incapacity is often an emotional and difficult process, but it is a way to show your love for those who will survive your passing and to eliminate uncertainty at a time when your loved ones are struggling with their grief. Your thoughtful advance planning is your gift to those who live after you and a way to ensure that everything you’ve worked for on your life goes exactly where you want it to go.
Call Barnes Law Group, LLC today to arrange to speak to one of our knowledgeable attorneys to begin or update your estate planning strategy. For the convenience of Jersey Shore area residents, we have offices located in North Wildwood as well as Egg Harbor Township.