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Why Is It Important For Me To Have A Will?

There are at least 5 important reasons to have a Will, even if you do not have substantial assets:

  1. You should name Guardians for any minor children;
  2. If you don’t have a Will your assets will pass under the laws of intestacy as dictated by state law.
  3. You can avoid the cost of posting a surety bond with a standard provision in your Will. If you die without a Will, an Administrator must be appointed to administer your Will and an expensive surety bond must be posted.
  4. You can avoid assets being left to minor children, which would otherwise involve posting another surety bond until each child attains the age of 18, or depositing the estate assets with the Surrogate.
  5. You can control the date that your children inherit assets outright – without a Will they will inherit at age 18 – an age probably too young for most children to handle substantial funds.

Whitlock Canter LLC is located in Paramus, New Jersey. We provide estate planning and estate administration services to clients in New Jersey cities that include Alpine, Englewood Cliffs, Hoboken, River Vale, Tenafly, Haworth, Hawthorne, Wayne, Ridgewood, Glen Rock, Saddle River, Upper Saddle River, Allendale, Ho-Ho-Kus, Wyckoff, Franklin Lakes, Fair Lawn, Kinnelon, Ramsey, Waldwick, Oradell, Westwood, River Edge, Woodcliff Lake, Montvale, Oakland, Elmwood Park, Saddle Brook, Maywood, Hackensack, Teaneck, Englewood, Fort Lee, Mahwah, Alpine, Englewood Cliffs, Hoboken, River Vale, and Edgewater, NJ. We represent clients in New Jersey counties that include Bergen County, Passaic County, and Morris County. We represent clients throughout the New York City area including Manhattan, the Bronx, Brooklyn, Queens, Staten Island, New City, Monroe, and Warwick. We represent clients in New York counties that include Rockland County, Orange County, NY, Suffolk County, Nassau County and New York County.

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