It might be easy to put off estate planning because it sounds complicated. Knowing the difference between trusts may help you understand what you want and also show you the benefit of getting trusts established sooner rather than later. There are multiple types of...
Personal Attention And A Professional Approach
Estate Planning
Should you use a living trust in your estate plan?
Creating a comprehensive estate plan may seem complicated and overwhelming for some. Not only do you need to include the correct information and forms, it is critical that you customize the plan to fit your specific needs. You have many options on how to distribute...
5 Things you didn’t know about New Jersey intestate succession
A will is, in many cases, the simplest, quickest and most affordable estate planning tool available. In spite of this, a huge number of people die intestate — without a will — each year. If you die without a will in New Jersey, the state’s intestate succession laws...
What do you know about talking to your parents about their estate plan?
Your parents retired recently, and while you feel happy for them, you may also worry about their future. Have they tended to planning their estate? If you struggle to talk to your parents about their will, trust and financial funeral arrangements, MoneyCrashers has...
How do you choose a health care proxy for your estate?
While creating an estate planning strategy, it is essential to account for every possibility. Do you have a health care proxy to make medical decisions for you should you become physically or mentally incapacitated? Forbes explains how to choose the right proxy....
How do I prepare my adult children for their inheritance?
Despite the uncertainty of 2020 surrounding the coronavirus’s impact, including the severe economic toll it has taken on millions of households, we are part of the wealthiest group of humans ever to walk the planet. Economic studies show that 85% of the Earth’s...
Should you rely on a relative to be your executor?
As a resident of New Jersey working on your estate plan, you have many things to consider. One is who you want to serve as the executor for your estate. This is a crucial component and one of the most basic building blocks of your entire plan. You may thus wonder who...
Is a family member your best executor pick?
New Jersey residents like you put time and effort into your estate in your life. Thus, it makes sense to put as much time and effort into your estate plan. After all, this ensures that your estate gets handled according to your wishes after your death. To reach this...
The QTIP trust and blended families
When two people with children from prior marriages or relationships get married to each other, many issues may arise that require care and clear attention. One topic remarrying partners should address early on is estate planning. One person may need to keep a former...
5 estate planning tips for blended families
Every family is unique, and as blended families become more common those unique concerns can impact many aspects of their lives. This is especially true when parents create their estate plans. While these plans are a necessary way for many to protect their loved ones,...