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A power of attorney is a person whom you designate as your proxy. They can write / sign your checks, pay your bills, handle your finances, etc. The rights of power of attorney are dictated by the legal document drafted by you, and they terminate when you become incapacitated or pass away.
The durable power of attorney has the same rights or power that you designate per the drafted document, but their powers do not terminate should you become incapacitated. They do, however, cease upon your death.
Protect yourself, your loved ones and your physical assets
• Preparation of a Will
• Power of Attorney
• Living Will
• Estate Administration
A Living Will is also known as an Advanced Medical Care Directive. In this legal document, you dictate what is and is not acceptable as far as medical care and treatment go should you become incapable of expressing your wishes. Do you want to be resuscitated if you stop breathing, and your heart ceases to beat? Do you want to be intubated if you cannot breathe on your own?
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If you pass away without a will, the probate courts will determine how your assets are distributed, and how much they are taxed.
This is a legal dispute process that takes place during probate. A contested will, removal of an executor of the estate as the result of breaching fiduciary duty or other reasons. If negotiations in your family's estate matters have run their course, it's quite possible that your dispute is now headed for a courtroom.
This is the transfer or distribution of the deceased's assets to the beneficiaries. If there was a will in place, the assets are transferred according to the terms of the will. If there wasn't a will, then the assets pass under the intestate statute of the State of New Jersey.
Protect you and your assets during your life and create a plan to deliver your assets to your heirs after your death in a way that keeps it as protected as it possibly can be.