New Jersey Last Will and Testament
Although 54% of people in the United States carry a version of life insurance coverage, fewer have written a last will and testament.
A New Jersey last will and testament allows the testator, the person making out the will, to outline their last wishes and assign an executor to carry them out.
New Jersey Last Will and Testament Template
Do You Need a Last Will and Testament in New Jersey?
You are not legally required to have a last will and testament in New Jersey.
The advantage to having a will is that it gives the testator the opportunity to determine what happens to their estate upon their death.
An executor is a person you entrust to carry out the terms of your will, such as:
- Disbursement of assets, bank accounts, insurance policies
- Assign guardianship of minors
- Provide care for your pets
- Digital identity instructions
- Donations to charitable foundations
An executor can be a family member, a friend, or a power of attorney who will see to the distribution of your estate.
What If You Die Without a Will in New Jersey?
A person is considered “intestate” if there is death without a legal will. The laws of intestacy get carried out by the court to distribute the deceased’s property. However, if there is no will, the estate will be left entirely to a spouse, then to surviving children.
If a person dies without a will and no family members can be found, the state of New Jersey will take ownership of the estate.
How Do You Make a Will in New Jersey?
You do not have to hire an expensive attorney to create a will in New Jersey. Once you have decided who will be the beneficiaries of your estate, you can fill out a last will and testament form online by answering the questions in the will template.
Signing Requirements
In New Jersey, a will must be signed by two witnesses over the age of 18 in the presence of the testator. Alternatively, the will can be signed by a notary in the presence of the testator.
Changing a Will
You can revise your will by writing a new will and testament and destroying the will it is replacing. It may be possible to add an amendment, or codicil, to your document if only single changes are being made.
New Jersey State Laws for Last Will and Testament
You must be the age of 18 before you can legally execute a will in New Jersey.
- Execution; witnessed wills; wills in writing (3B:3-2)
- Guardianship of Estate
- New Jersey Transfer Inheritance Tax
- New Jersey Will Registry