Many people never bother to create an estate plan at all. Those who do often take a very simplistic approach to the process. They might draft a will and nothing else. While having some documents in place is better than having no plan at all, a more comprehensive and...
Estate plans can include documents ranging from wills and health care directives to powers of attorney. Some testators also add trusts to their estate plans. Trusts come in a number of different forms and offer a variety of different benefits. People in numerous...
Trusts are a fundamental component of many estate plans, offering a range of benefits for managing and protecting assets before and after death. They can provide greater control over how assets are distributed, potentially reduce estate taxes and offer privacy that's...
Navigating the complexities of Medicaid planning for nursing home care can be a daunting task. As the costs of nursing home care continue to rise, it becomes imperative to explore strategies that can help cover these expenses. Medicaid planning is a strategic approach...
People often associate estate planning with older adults. They think of those preparing for retirement or well into their golden years when they think about this process. However, younger people can also benefit from estate planning in many circumstances. For example,...
Every adult in New Jersey should have a last will and testament. Even if you do nothing else for your estate plan, you should write down your final wishes in a basic will. A basic will is vital even if you have relatively few assets and a small family. Distribution of...
Estate planning is essential because it allows you to pass on your property to those you want to. Because of digital property like social media accounts and cryptocurrency, there are a few more considerations than in the past. Digital property You may name a specific...
In many instances, when a person remarries, they treat their spouse's children as their own. However, it's important to make sure that stepchildren are included in the estate planning process if you want them to benefit from your assets when you pass away. If you're a...
All predetermined estates in New Jersey will include the naming of an executor who is appointed the authority and responsibility to ensure a will is carried out. Choosing the right individual for an executor is vital for successful disposition of a will and...
Going through New Jersey probate court after a loved one dies can seem very tedious, but it plays an important role. Probate court is a necessary practice that assigns a monetary value to all of a recently deceased person's assets and distributes them fairly to the...