It is difficult to think about what would happen if we were no longer there for our children. Planning for that possibility is essential. As with insurance, we hope we never need it. A proper plan begins with your Will. With a properly prepared Will:

1. You decide who will raise your children. Not the Court. Not your parents, siblings or in-laws.
2. You can leave your children's assets in trust where you set the terms so the money isn't held by the Surrogate in a CD and given to your child when they are 18 years old. You decide what your money can be used for and when your children will get control.
3. You name people you trust to manage and invest your children's inheritance and follow your instructions as to what your money can be used for and when your children will get control.
4. You can save thousands of dollars so your children get more of your money, not the Court, bonding companies, and others.
5. You may pay less tax so your children get more of your money, not the IRS and New Jersey. New Jersey has an estate tax once your assets exceed $675,000 (including your home, life insurance and retirement plans).

For more information contact the Law Offices of Jonathan Bressman LLC, 973-660-1919 email at jbressman@estatelawnj.com or visit his website at www.estatelawnj.com.