Estate Planning Attorney located in Hackensack, New Jersey
Estate Planning Attorney Preserving family wealth
Whether you’re planning the parameters of your future medical care or establishing support for loved ones upon your death, Ruiz Doolan Law Firm, LLC can help with all aspects of estates issues, including:
- Estate planning
- Choosing the appropriate executor
- Living wills
- Wills drafting
- Securing your legacy
- Elder law
You work hard for your family, so knowing that you have planned for their long-term well-being and financial security can bring you comfort. We thoroughly analyze your estate and strategize the best means of transferring your assets, minimizing taxes, establishing guardianship for your children, caring for your pets, supporting personal philanthropic causes and protecting your loved ones.
Draft your living will and last will and testament
A will is essential at every stage of your life. Your living will sets the parameters for medical intervention should you become incapacitated. This assures that when you are most vulnerable, your wishes will be honored.
Your last will provides the opportunity to distribute your property, establish care for your children and otherwise express your wishes upon your death. A will is necessary if you intend to leave property to a person or entity other than a blood relative, such as a domestic partner, a friend or a charity. If you die without a will, the court determines how your property is distributed, who cares for your children and even what happens to your pet – making decisions that might not reflect your desires.
We can draft valid wills that ensure your intentions are honored.
Changing your will
As your life changes, so might your estate plan. You may need to update your will throughout your life. We draft valid codicils that address changes in your financial situation, marital status, the number of children, philanthropic interests, and general lifestyle decisions.
Appointment of guardianship
If you have minor children, your will allows you to make decisions about their future care. This is especially crucial if you are a single parent or if both parents die in a common incident. If you do not name a guardian, the court will appoint a guardian for your children and can make decisions adverse to your ultimate parenting goals. You can also make arrangements for your pets’ care in your will, including naming a guardian to take responsibility for your pets.
Our elder law attorneys offer clients who wish to take control of their medical decision, asset disposition and plan for their future retirement. In addition, we offer services for families that want to take care of family members that cannot longer take care of themselves.
Our Elder Law attorney services include:
Medicaid Planning: There is a lot of confusing regarding Medicaid and Medicare. Medicare is a government funded health insurance program for individuals over the age of 65. Medicaid however is long term care insurance. With the rising costs of nursing home, Medicaid planning provides individuals the opportunity to have care for themselves without using up all of their life savings. There are strict eligibility guidelines, income and asset-based tests which if not strictly complied with could result in the individual loosing more and more money.
Guardianship: Many families may want to consider guardianship as an option for their loved one. There are two forms of guardianship of a person in New Jersey which are general or limited. General Guardianships are used for people who have been found incapable of making or expressing their own decisions. Limited Guardianship are used for people who have been found capable of making and expressing some, but not all, decisions.
Living Will Advance Directive: A written document which directs how you would like to be treated in certain medical conditions. For example, the individual may direct whether or not they would like to be given certain life-sustaining treatments. It allows the individual to remain in control of their life even if they are incapacitated and it removes the burden of loved ones having to make these decisions.
Power of Attorney: A power of attorney is a written document which allows you (the principal) to You (the principal) authorize one or more persons (the agent or agents) to act on your behalf. There are many different types of power of attorneys. They be limited in their power to certain events and circumstances or they may be general, depending on the needs of the principal. Furthermore, a specific time may be defined as to when the power of attorney will take effect. For example, if you are sick or incapacitated. Finally, the duration for which the power of attorney is valid may be specifically defined.
Contact our New Jersey estate planning law firm to schedule a consultation
For estate planning services in New Jersey, call Ruiz Doolan Law Firm, LLC at 201-880-5563 or contact us to schedule an initial consultation at our Hackensack office.