Silvi, Fedele & Honschke Attorneys at Law, L.L.C.
Phone 732-504-3841 Toll Free 877-251-5491

estate administration Archives

How do you revoke a will in New Jersey?

Those who see to their estate planning early on in their lives in Ocean County are to be commended. Yet circumstances can change over time, and the wishes and desires of a testator may evolve with them to the point of him or her wanting to completely change his or her earlier will. Yet often times it may not be enough for your family member or friend to simply amend his or her old will; rather, the entire document may need to be completely revoked. The question then becomes how does one do that. 

Can you skip probate altogether?

Whenever talk of estate planning comes up in Ocean County, you likely hear the same topic again and again: Avoid probate at all costs! Why is that? Most assume that the probate process will almost always be protracted, which will inevitably result in inordinate expenses paid from the estate's assets that can cut into whatever interest you and others may have in it. Yet the truth is that many estates can actually avoid the probate process altogether (or at least be probated quickly). 

Detailing intestate succesion

Many in Ocean County may find talking about death to be downright depressing. This may explain why so few locally (as well as across the country) have given serious thought to their estate planning. Indeed, information shared by the American Association of Retired Persons shows that only 4 in 10 Americans have a will. Most may believe that estate planning only concerns the elderly (statistics seem to back this up, as AARP's data reveals that 58 percent of baby boomers do have a will compared to only 22 percent of millennials). Yet accidents or illness could claim a life at any time, and if one does happen to die without a will, his or her presumed heirs could end up missing out on the chance to benefit from his or her estate. 

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