Gruccio, Pepper, De Santo & Ruth P.A.
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Why you should be estate planning right now

The beginning of the new year is often an excellent time to review estate plans and perform any necessary updates. While estate planning maintenance can occur at any time of the year or after any number of significant life changes, many people in New Jersey find the flipping over of the calendar year to be an ideal opportunity. Not only do people often feel refreshed after the holidays, but the beginning of the year often prompts people to consider what is truly important to them.

One of the most overlooked areas of change are beneficiary designations. These designations can change more frequently than some people might expect, and the birth of new children, a new marriage, a death in the family and more can all necessitate change to these important designations. Reviewing and updating these regularly can help prevent any confusion or potential conflict in the future.

This is also a good time to review financial and health care powers of attorney or to create new ones if necessary. Is the person named in the power of attorney still an ideal choice? In some cases, people create durable powers of attorney and then forget about them, which is rarely a good idea, as these documents can give individuals incredible power over finances and medical decisions in the event that a person becomes incapacitated. If none exist, it is certainly time to explore the available options.

Passing into a new calendar year might be more of a symbolic change than anything else, but many people feel strongly about representing that idea of change in their personal lives. Reviewing estate planning documents is an excellent place to implement some of that change. By ensuring that all documents and designations are up-to-date and accurate, individuals in New Jersey can feel assured that their wishes will be carried out according to preference.

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

Toll Free: 877-760-1031
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Gruccio, Pepper, DeSanto & Ruth, PA