Ridiculous Things You Can Do With Your Will in New Jersey
Estate planning does not have to be depressing. In fact, many residents of New Jersey have used this as an excuse to have a little bit of good-natured fun. While most people approach their wills and trusts in a serious manner, others seem to do everything in their power to make their estate planning process as ridiculous as possible. And as it turns out, the hilariousness of your will is limited only by your imagination.
If you want to get creative with your will, the best thing to do is to hire a qualified, experienced estate planning attorney in New Jersey. These legal experts have the knowledge and resources to help you do whatever you want with your estate plan, whether you want to take it seriously or do something a little more… interesting.
Leave All Your Money to Your Pets
If you really want to confuse and disappoint your beneficiaries, you can leave the majority of your fortune to your favorite pet instead of a human being. Yes, pet trusts are perfectly legal in New Jersey. You can create a fund that can only be used for pet-related purchases, and this fund is carefully managed by a trustee of your choosing. In addition, you can stipulate that the funds be used for the descendants of your favorite pet if the animal was pregnant when the trust was established.
Make Your Beneficiaries do Ridiculous Things
When you establish a trust, you have tons of freedom. You can state that your beneficiaries must meet certain conditions before inheriting your fortune, and there are no real limitations on these conditions – as long as they do not contradict public policy. For example, most of us remember the movie Billy Madison, which involves a man being forced to go back to school in order to inherit his father’s fortune. Of course, you could also create a more straightforward and logical condition. For example, you could state that your son can only inherit your fortune if they receive treatment for substance abuse problems.
Choose Your Beneficiaries at Random
If you are leaving this world with no dependents or family members, you might not know who to leave your money to. While donating money to charity is always a solid choice, you can also create an element of chance when it comes to who gets your fortune. There have been past instances of people simply choosing names out of a telephone book.
Enlist the Help of a Qualified Attorney Today
Remember, the last thing you want is for your will to be invalidated after your passing. Having fun with your estate plan is all well and good, but you need to make sure that your last wishes are actually followed and respected. This is why it is important to work with a qualified, experienced estate planning attorney in New Jersey – no matter what you plan to do. Reach out to Giro, LLP, Attorneys at Law, and we will provide you with all the freedom you need when creating your will.