New Jersey allows you to name a person, an organization, a trust or an estate as a beneficiary. When you're naming your beneficiaries, there are several mistakes to avoid to reduce the chances of problems in executing the will or estate plan. Referring to...
New Jersey repealed its estate tax in 2017 but has retained its inheritance tax. This tax varies from 0% to 16% with rates that increase when the number of inheritances increases. The government decides a specific tax rate for every beneficiary. Who receives the...
Ensuring that your wealth isn't exposed to creditors, divorce or taxes can be achieved by registering a legal trust. Every estate is subject to liabilities, but there are legal ways to reduce or eliminate your financial risks. One of the great risks that estate owners...
While it may take some effort, completing an estate plan could be worth all the work. Estate plans and their corresponding documents establish directives and guidance to family members and others under various circumstances. For example, a last will and testament...