As they age and approach retirement, many New Jersey residents with wealth will want to start thinking carefully about how to pass it down to their loved ones. Generally speaking, trusts of various types are instruments these people can use both to cut down on the...
Bridgewater New Jersey Estate Planning Law Blog
What happens to the assets of a person who dies without a will?
People in New Jersey and elsewhere often wonder what happens to a person’s assets when that person dies without leaving a will to direct the distribution of the person’s property. The answer is provided by New Jersey’s laws of intestate succession. Whenever a person...
Your estate planning essentials
As anyone who has watched the news over the past year knows, estate planning is a new hot topic. Ever day we are faced with uncertainty, and estate planning has become a way for many to take back some semblance of control. And, at Vizzoni Law Firm, L.L.C., we craft...
How can an LLC help with asset protection?
There are many other reasons why residents of this state who are of means will want to consider asset protection. Aside from state or federal taxes, a family legacy can be decimated because of a divorce or because of lawsuits at the hands of disgruntled family members...
What is a payable on death account?
Planning for the future can be next to impossible because so much about it is difficult to predict. A New Jersey resident may not be able to guess how long they will be able to work, how their health will fare, or what will happen when their personal relationships as...
Celebrity deaths highlight estate planning mistakes
It is always sad to hear that a favorite celebrity has passed away. Celebrity deaths are tragic, but they can bring attention to the importance of having a well-rounded estate plan. The following are some things Bridgewater residents can learn about estate planning....
Estate planning requires you to look at your beneficiaries more closely
Estate planning is generally focused on what you want for yourself and your family’s future. You are typically focusing on what you want to happen to your assets when you pass away and who you want involved in the estate administration process. However, focusing...
A new president may warrant changes to estate planning strategies
For New Jersey residents who are thinking about how to structure or update an estate plan, it is important to understand certain factors. People might craft an estate plan based on the policies of a current presidential administration and then change it if there is a...
What is a special needs trust?
Trusts are strong legal estate planning tools that can help families set up effective and efficient means of transferring wealth at death and avoiding the challenges of probate. Before a New Jersey resident endeavors to establish their own trust, they can choose to...
Is the person you chose as executor up to the task?
In the estate planning process, you may select a loved one in your will to serve as the executor of your estate. However, executors in New Jersey have many duties and obligations and not everyone is up to the task. The following are some issues to discuss with the...
