Sometimes probate takes a long period to complete. A 2018 survey by Estate Exec found that the average time for probate lasts for 16 months. However, New Jersey offers a way to expedite the distribution of some estates through more convenient methods. Wealthy or...
A will serves as a roadmap for the distribution of one's assets after their passing. It is important to know all about the various parts of a will to ensure you can accurately write your wishes. By educating yourself more about what is commonly in a will, you can make...
When it comes to planning for the future, the size of your estate and your age might seem like crucial factors. However, the truth is that everyone, no matter their age or the size of their estate, should have an estate plan in place. Estate planning is about ensuring...
Estate planning is a complex process that involves determining how you want to distribute your assets and property after you pass away. It also has documents that help your loved ones make important decisions about your healthcare and financial management in case you...
When thinking about passing on your inheritance and heirlooms, you may imagine what you want to give to your beneficiaries. In addition to this choice, you also need to consider who you want as your executor. Your choice may not be obvious at first if you do not know...
While planning your estate in New Jersey, you may encounter confusing legal terms and concepts. Among them is the term 'fraudulent conveyance,' an important concept that carries significant implications for your estate planning process. A thorough understanding of...
Estate planning often involves revealing sensitive personal information. This may include details about your financial status, family relationships and future plans. In New Jersey, you may wonder how to keep these details private while still creating a comprehensive...
New Jersey’s probate statutes require an estate’s executor to notify the deceased’s heirs and all reasonably known creditors. A valid will that lists the deceased‘s heirs may, for example, also require recent billing statements for the estate’s executor to refer to....
Estate planning is a crucial aspect of financial planning that ensures the proper management and distribution of assets after passing. It is a deeply personal process that can raise questions about transparency, including whether to share your estate plan with loved...
When many people think about estate planning, they often assume that only those who have children need to do it. However, even if you do not have kids, creating an estate plan is still essential to ensure that you dictate how your assets get distributed after you pass...
