Morris County Estate Planning And Litigation Lawyers
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Your will is likely one of the first documents you created during the estate planning process. This document allows you to designate beneficiaries for your assets and if you have minor children, name a guardian for them. Ensuring your will reflects your current wishes...
According to CNBC, 67% of people in the U.S. do not have an estate plan. Estate planning is an important step in securing your financial legacy and ensuring those left behind carry out your wishes after your passing. Failing to engage in proper estate planning can...
When your estate planning goal is to protect your assets and secure your loved ones’ futures, you would want to have as much of your estate to pass down to your heirs. Unfortunately, impending deductions, such as inheritance taxes, may reduce a significant portion of...
Managing your assets after you pass away is integral to estate planning. If you are charitable, you may want to consider giving back to your community after you pass. One way to do this is by establishing a charitable trust. This type of trust can reduce some taxes...
One of the most important parts of getting your estate in order is choosing who you want as your executor. Thinking about your family and friends can give you important clues about whether or not they would fulfill this role well or not. By learning more about the...
A fiduciary is someone a person entrusts with managing their assets and affairs. In estate planning, this is typically the executor or trustee, the person designated to settle the person's estate and fulfill their wishes according to their will or estate plan. The...
With an estate plan, you can determine who receives your wealth and property, bypassing intestacy laws that may dictate the distribution otherwise. It provides peace of mind, control and protection for you and your loved ones. However, there are situations where the...
Having an estate plan is crucial for anyone with assets to pass along after their death. However, creating the plan is just the first step. After that, it is equally important to keep the plan up to date. But how does a person know when to update their plan? Facing...
Parents putting together or revising their estate plans often wonder if they should share details of their estate plans with their adult children. Often, children are the beneficiaries or among the beneficiaries of their parents’ estate, so it seems natural to let...
Having a will is an excellent way to provide long-term clarity and protection for the people you love. However, it will take time and some adjustments to get your will to a point where it will provide sustainable support. The strategy you use to create a will and the...
