An estate plan is the perfect way to communicate your wishes as to how you want your assets distributed after you pass away. In addition to distributing your wealth to your beneficiaries, you can also use your estate plan to help charities you care about. There are...
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Estate Planning
Key moments in the estate planner’s life to update an estate plan
There are key times in every estate planner’s life when it can be crucial to update their estate plan. It is a good idea to regularly review an estate plan, and to update it after key events in one’s life. When the estate planner moves If the estate planner makes a...
Don’t set your estate plan on the back burner
If you have taken the leap and executed an estate plan, that is great! However, estate planning is not a one-and-done job. There are times when you want to review your estate plan, to ensure it continues to meet your needs. You have moved It is not unusual for people...
What is the difference between inheritance and estate tax?
If you recently lost a loved one, you are going through a difficult time. Uncertainty about your inheritance may increase the amount of stress you feel as you grieve. Inheritance and estate taxes are two separate charges levied by the government. Whether you pay one...
Estate planning and taxes
New Jersey residents with substantial assets may craft estate plans with the intent of passing their wealth to family members or other heirs after death. However, estate taxes can potentially take away a sizeable chunk of your estate, leaving less for your loved ones....
How can couples plan for one’s death?
Even for those not late in life, the idea of losing one’s spouse is horrific. The longer we build our lives together with our spouses, the more our two lives become one, and the idea of not having that other half is unimaginable. Though, we do not want to be caught...
Contested wills and in terrorem clauses explained
Probating a will can be a deeply emotional time for survivors of the deceased. Much of the time, things will go smoothly and the will is executed without fanfare. But sometimes one or more individuals feel the need to contest the will, in whole or in part. What...
Why change your will after you get remarried?
Finding love again later in life may make you feel hopeful and reinvigorated. However, if you do not have the proper planning in place, this subsequent nuptial may set your family up for a battle when you die. Poor estate planning is one of the top causes of family...
Considering long-term care insurance
When a person is creating an estate plan, it is helpful to understand how long-term care insurance may be part of it. This type of insurance provides coverage that may not be offered by traditional health insurance plans. Coverage and early planning Long-term care...
What does it mean to be of sound mind when drafting a will?
Wills are important to many New Jersey estate plans. Often, they are one of the first testamentary documents that individuals consider drafting when making plans for the disposition of their property and interests at the time of their deaths. Almost all New Jersey...









