Your elderly, widowed mother seems to be smitten with a younger man she met at her senior center. He is a yoga instructor there and she has joined his class.
Closing out someone's estate takes time and care. Careless mistakes made by an executor can end up costing that person and the decedent's beneficiaries quite a bit of time and money. What are some of the common executor mistakes seen in New Jersey that can lead to estate litigation?
If New Jersey residents fail to make a plan regarding the possibility of becoming incapacitated, they are putting themselves in very vulnerable positions. Without the proper legal documents in place, they could become the center of contested guardianships that, let's face it, can cause a lot of family problems. This week, this column will briefly discuss guardianships and what one can do to avoid becoming the ward of one.
Kevin Turner had an amazing career in the National Football League. Unfortunately, because of the number of hits he took during his time playing football, he developed chronic traumatic encephalopathy, which caused him to experience both physical and mental impairments. Just before his death, he altered his will, cutting out his parents and children as the beneficiaries to his estate. Now, these former beneficiaries are in the midst of estate litigation, trying to get back what they feel is rightfully theirs. Those closing out an estate of a loved one in New Jersey may do the same if they are dealing with similar circumstances.
There are a number of things company owners in New Jersey can do to protect their businesses and personal assets from the effects of business litigation. Believe it or not, proper estate planning is one of them. What does estate planning have to do with business litigation?
No one wants to think about what will happen to their family and assets when they die. Unfortunately, not thinking about it will only hurt one's family in the end. Many New Jersey residents have not gone through the estate planning process. If it seems too overwhelming to you, you can start with just the basics -- creating a will.