Limited liability corporations serve many purposes, but one of the most important is in the name. These business structures limit personal liability of the members of the LLC. If you are considering adding your spouse to your company's list of owners, liability would...
Bridgewater New Jersey Estate Planning Law Blog
How can you customize a trust for irresponsible adult children?
As a parent, it may be important for you to leave an inheritance for your children. Most parents agree that young adults and minor children do not know how to spend an inheritance wisely. What about older adult children? Parents of adult children understand that...
QTIP trusts and blended families
People who want to create or review their estate plan will always want to do so with an eye on their current situation and any changes that may have taken place or that may be on the horizon. These changes may pertain to their assets or debts, such as the purchase of...
Financial planning for kids with special needs
Parents often joke that their children form the foundation of their retirement plans. They invest in their lives and build them up to be great and successful people so they can take care of them when they are old. In many instances, this is precisely what happens. ...
How does an estate plan help your business?
When you own a business, there are a lot of considerations. One consideration that some owners forget about is the estate plan. You know that you need an estate plan for your personal life, but does it help your business? According to Huffington Post, if you spent...
Detailing New Jersey’s intestate succession guidelines
When a loved one dies in Bridgewater, it is natural for you and others to have concerns over the distribution of their estate. Your hope is that they stipulated how they wanted their various assets and properties distributed in a will. Yet what if they did not? Many...
What are some common estate planning errors?
Estate planning is often a daunting process, and you may avoid or postpone it because you do not know where to begin. The American Association of Retired Persons reports that this is a common issue and that 60 percent of adults in the United States do not have an...
What are the two phases of estate planning?
According to Kiplinger, 56% of Americans do not have an estate plan when they die. Procrastination born of morbid dread is the reason typically cited for this. However, maybe the reason that you have not yet started estate planning is that you do not know where to...
Becoming the administrator of an estate with no will
When someone dies without a will, it can leave family members unsure of what their next step should be. If you want to become the administrator of your loved one's estate, you have to follow the requirements carefully. We have often assisted people through the probate...
How does New Jersey’s inheritance tax work?
Inheritance taxes are one of the most confusing aspects of estate planning and asset protection law. New Jersey's inheritance taxes have a few twists and turns that you should know as you're making plans. 1. Your relationship to the deceased determines the inheritance...
