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Thomas N. Torzewski, LLC

estate planning Archives

How does Bitcoin fit into estate planning?

Quite a few Americans have invested in the cryptocurrency Bitcoin. The rise of Bitcoin value has been quite extreme, making owners of the currency rather wealthy on paper. What happens to this digital currency when its owner passes away, though? Do loved ones get to automatically claim it? The answer is no, which is why including Bitcoin when going through the estate planning process is important for anyone in New Jersey who has it in their portfolio.

Estate planning when one's heir is an opioid addict

For New Jersey residents who are planning their estates, figuring out how assets should be passed on to heirs can be a difficult thing, especially if one's heir is an opioid addict. Will this person use his or her inheritance responsibly? Is passing assets on to an opioid addict even the best decision? The opioid crisis in America is at an all time high and those going through the estate planning process may want to know what options they have to ensure that their assets are fully protected, even from their heirs' shortcomings.

When estate planning, don't forget this person

When drawing up an estate plan, many people think about their loved ones and where they want their assets to go. They concern themselves with making sure everything is clear and concise, so as to help prevent any conflicts among family members. They are so concerned about making sure everyone else is okay and taken care of that they sometimes forget about themselves. When estate planning, New Jersey residents should not forget that they deserve legal protections too. This is not something that is just meant for one's loved ones.