New Jersey residents who have been fortunate enough to amass some wealth often will want to be sure that as much of that fortune as possible gets passed down to their loved ones. In order to accomplish this, the family may need to consider detailed asset protection...
Bridgewater New Jersey Estate Planning Law Blog
How do death taxes affect financial planning?
When thinking about estate planning, many people do not take into account what taxes may apply to their assets after they are gone. Careful planning can prevent death taxes from taking a substantial amount out of the estate. It is important for New Jersey residents to...
How can I legally protect my assets?
For high-net-worth families, estate planning and asset protection planning is extremely important because that is the only way to eliminate (or minimize) taxes, the chances for a lawsuit and to protect the heirs. After all, a family has spent a lifetime building up...
Should I include cryptocurrencies in my estate plan?
While digital assets have recently become a hot news topic, they have actually been around for decades. And, while most do not have the million-dollar NFTs or vast amounts of cryptocurrencies, like Elon Musk, many people have some cryptocurrency as part of their...
Should you consider a spendthrift trust?
Taking financial care of your loved ones involves many decisions, some of which can be difficult. Not all beneficiaries are the same, nor should they necessarily be treated equally. Giving someone a large amount of money in a lump sum may not be the smart thing to do,...
What is a fraudulent conveyance?
A fraudulent conveyance is a legal term to describe when a person disposes of money or other property to avoid a debt. The modern term for fraudulent conveyances in New Jersey law is voidable transactions. No matter which term one uses, it is important to remember...
What should be included in a will?
A will is an important document that can accomplish the estate planner’s wishes and ensure their family members and loved ones are cared for. For that reason, estate planners should know what to include in a will and also know how to meet the requirements for a valid...
How to designate a guardian for your minor child
Soon-to-be parents in Bridgewater may be very busy readying the nursery and attending doctor’s appointments. Yet many parents overlook one important step in preparing for the new arrival -- designating a legal guardian for their child should both parents pass away...
What to do if you can’t find your parent’s will
When a child is dealing with the loss of a parent it is a very emotional time. Children are grieving the loss of their loved one while also trying to deal with the practical matters of the death. One major issue that may occur is trying to track down a parent’s will....
Probating a loved one’s estate
When someone dies, their estate will need to go through the probate process before their property can be transferred to living beneficiaries or family members. The probate process can be complicated and time-consuming, so knowing what to expect can be helpful. Opening...
