Wills, Trusts And Estates
Since 1983, individuals in the East Brunswick, NJ, area and beyond have turned to Simon, Monahan & Simon L.L.C., for legal counsel regarding wills, trusts and estates.
Our firm provides sophisticated estate planning in New Jersey, New York, Pennsylvania and Florida. Our lawyers work closely with clients to understand their goals and concerns, and ensure their wishes can be carried out legally.
Wills And What They Do
A valid will allows an individual to designate how their estate is distributed and managed upon death. If you die without a will, you run the risk of a court or other estate administrator making decisions that do not reflect your wishes. The failure to have a will also can lead to costly disputes between family members.
If you already have a will, it is a good idea to review it periodically to make certain that it continues to reflect your wishes.
Why Trusts Are Important
Trusts help you manage property during life and ensure a smooth administration of your affairs after you die. Trusts can be separated into two groups: revocable and irrevocable. The reasons for selecting one or another has to do with how much control you want over the assets placed in trust.
Revocable trusts allow you to add or subtract assets to the trust as circumstances change in your life. We work with our clients to fund the revocable trust while they are still living. We also ensure that any remaining assets they own will “pour over” into the trust upon death.
When using an irrevocable trust, you are setting aside assets for beneficiaries. Contributions made to irrevocable trusts are no longer accessible to you. Irrevocable trusts often are used to reduce the taxes of estates.
We Are Licensed In Four States
Since the founding of our firm in 1983, we have been located in the same location in East Brunswick, New Jersey. We are also licensed to practice law in New York, Pennsylvania and Florida. Our lawyers are well-versed in the specifics of wills, trusts and estates in all four states.
How To Contact Us
At Simon, Monahan & Simon L.L.C., we have decades of experience with wills, trusts and estates. To speak with a skilled estate attorney, call our office in East Brunswick, NJ, today at 732-374-3309, or contact us online.