Being a small business owner in New Jersey, or elsewhere for that matter, is not easy. Those who are have to work extremely hard to keep their companies up and running. One thing that can help small business owners do this is tax planning.
Estate litigation is a branch of the law in which there exist disputes regarding the estate, or assets, of a deceased person. A common type of estate litigation occurs between family members, such as siblings, when a parent dies and the siblings want to dispute or contest the parent's will, or when there is no estate plan in place.
When closing out a loved one's estate in New Jersey or elsewhere proves to be a difficult and drawn-out process due to litigation, it can get expensive. When this happens, the money to cover estate litigation can come straight from the estate. Unfortunately, this means some assets may need to be sold to cover legal fees -- which can create issues as well, as seen in the Robert Indiana estate case.
Are you ready for the future? Are you prepared for what will happen to you if you were to become incapacitated? Do you believe the purpose of estate planning is only to protect your assets? Guess what, estate planning is not just about asset protection; it is about life, wishes and family protection as well. That is something many New Jersey residents do not realize.
Elderly individuals in New Jersey and across the country are often victims of financial abuse. While many want to believe that scam artists are fully behind this, the sad reality is sometimes family members and friends may take advantage of elderly individuals too. An elder law attorney may be able to help those who feel that their loved ones are being financially abused.