New Jersey Wills Lawyer Christine Matus Explains the Types of Assets That Should Be Included in a Will

New Jersey wills lawyer Christine Matus releases a new article (https://matuslaw.com/what-types-of-assets-should-be-included-in-a-will/) explaining the different types of assets that should be included in a will. The lawyer mentions that planning for the future can be emotionally challenging and sometimes, overlooked. However, the process of creating a will help families have a legally binding document that indicates how the assets will be handled in the event that the owner passes away.

According to the New Jersey wills lawyer, “Each item you own has some sort of value, whether it be worth a little or a lot. When it comes to specific financial assets such as insurance policies and employer benefits, most require you to list a beneficiary. Such assets are considered non-probate assets. Items that would be considered probate assets are typically those which may have a smaller financial value such as clothing, jewelry, electronics, etc. that have not been specifically included in the Will to a beneficiary.”

The lawyer explains that the most important assets included in a will involve how money should be used. These assets include stocks, bonds, cash, or any other financial investments. A will should also include how these assets will be used towards burial, outstanding debts, and the beneficiaries.

Attorney Christine Matus adds that the best way to begin addressing the creation of a will is to make a list of valuable assets and personal belongings. If there are assets that already have a path of possession in their documentation, they do not need to be included in the will. These would include things such as those non-probate items listed above that require a beneficiary or any assets that have been designated to go into a living trust.

“Executors are the people you have named in your last will as the person to carry out the instructions of your will or trust. Trustees of living trusts also play the role of executor. The trustee is responsible for overseeing the administration of your trust, usually until assets have been distributed to beneficiaries,” says the estate planning lawyer.

Lastly, the lawyer emphasizes the importance of having a skilled estate planning lawyer. Having an experienced attorney may be able to help the family understand their rights and ensure that the assets are distributed according to the owner’s wishes.

About the Matus Law Group

The Matus Law Group has a team of estate planning attorneys who are committed to helping families and individuals in real estate transactions in New Jersey and New York. Through a team approach, they work hard to help their clients with their estate planning needs. Call The Matus Law Group today at (732) 785-4453.

The Matus Law Group

125 Half Mile Rd #201A, Red Bank, NJ 07701

(732) 785-4453