You have many duties as the administrator of an estate in Bridgewater. One of these duties is to inventory the deceased’s assets. But did you know you also have to inventory the deceased’s debts? It is an important part of the probate process, and it is one of your...
Estate planning involves far more than deciding how to distribute assets after a person’s death. One important tool – a living trust – can help protect a person’s assets while they are alive and provide for the distribution of those assets after their death. A living...
Estate planning in New Jersey is not only for the very wealthy or the very old. It is important to plan your estate no matter which assets you wish to pass down and no matter how much your estate is worth. Everyone should have an estate plan and it becomes even more...
When a New Jersey resident begins to consider making an estate plan, one of the first questions asked is “How can I protect my assets from the claims of creditors?” Estate law has many answers to this question, far more than can be described in a blog post. However,...
An effective estate plan is not limited to the individuals who want to pass on their property and money after they die. It should also include an estate’s heirs and beneficiaries. Upstream planning Effective estate planning includes upstream planning, which focuses on...
Most New Jersey residents assume that once a will is signed, all the issues of distributing a person’s estate have been settled. Unfortunately, many beneficiaries or potential beneficiaries of a will may have different opinions about how the estate should be...
In New Jersey, estate administrators will have a significant role in the distribution of a person’s assets after they have died. While it is an emotional and sometimes overwhelming time, probate is necessary to ensure the testator’s property will be distributed as...
When people agree to be a personal representative for the estate of a loved one in New Jersey they probably do not know everything that it entails. They may know at a basic level that they will be responsible for administering the estate to ensure that the...
After building and preserving financial security over a lifetime, you want to ensure you’re your wealth will still be there for your loved after you pass. Death taxes often drive people to extremes to keep their legacy secure for future generations. As New Jersey is...
When we think of estate planning, we tend to think of people who are further along in life. Someone who needs a trust to protect assets or a will to pass them on. And while there’s some truth to the perception, it’s also true that an advance directive can be important...
