The executor of an estate has an important responsibility to ensure that the deceased person’s assets are distributed fully and correctly. Before the assets are distributed, he or she may be tasked with opening a bank account for the estate, creating an inventory of...
One of the personal representative’s tasks is to complete what the law calls an inventory of the estate. Legally, a personal representative may file an inventory 3 or more months after receiving a formal appointment. Courts in some cases may waive the requirement for...
Dogs and cats are friendly, funny creatures that provide us with companionship and unconditional love. We provide our pets with the best care possible, but have you ever thought about what would happen to your beloved pet if you pass away? Many people in Bridgewater...
It will come as no surprise that the selection of a guardian for your children is an important decision parents will not take likely. It is helpful to know what to consider when making such a significant designation that can help estate planners choose wisely when...
It was not long ago that New Jersey residents who were creating an estate plan and wanted to protect their investments were thinking about concrete assets like real estate, automobiles, collectibles and cash. As time passed, however, different forms of currency have...
While many New Jersey residents try to avoid probate, for many others, executing a will that goes through the formal estate administration process is their best step. Even for people who have a more complicated estate plan may contemplate a more streamlined probate...
Estate planning covers much more than just preparing and executing a will. Bridgewater residents can take proactive steps to protect their interests and assets for the future and their beneficiaries by fully understanding the scope of estate planning decisions they...
Trusts are an estate planning tool and can include financial products like stocks and bonds or physical property such as land, jewelry, or cars. Trusts also have advantages for protecting your assets while you are alive and for passing on your property after you die....
When a person passes away in New Jersey, someone will be named the executor or administrator of the deceased person’s estate. The person chosen as executor will be responsible for distributing and managing the assets of the estate and making sure that all...
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...
