Gruccio, Pepper, De Santo & Ruth P.A.
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Benefits of estate planning

Many people die every day without a written will. Every state, including New Jersey, has some rules in place for those who die without an estate plan. Some pass assets immediately to a surviving spouse or the next living relative, and others divide the assets between certain parties. However, there are many more specific scenarios that are not covered by the default estate planning rules and regulations in each state. 

Families with minor children could benefit greatly from creating an estate plan. A will can help to ensure that the friends and family members of the deceased know who the child or children's appointed guardian will be. This might be a surviving family member or a spouse who is not biologically related to the children. 

Some might also include their power of attorney or medical directive in their estate plan. Those who have been appointed as power of attorney will be tasked with overseeing financial or sometimes medical decisions when the person who appointed them has died or is incapacitated. A medical directive might include a list of treatments that someone is willing to undergo if he or she is incapacitated or other important medical documents.

Many across the country believe that a person only needs an estate plan if he or she has acquired a certain amount of assets. However, anyone can benefit from creating a will no matter his or her level of wealth. New Jersey residents who wish to know more about their estate planning options could benefit from speaking with an attorney in their area. 

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The Law Offices of Gruccio, Pepper, DeSanto & Ruth, P.A.
817 East Landis Avenue
Vineland, New Jersey 08360

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