Certain types of property may make your estate planning process feel overly complicated. While passing down the house might be as easy as declaring a beneficiary to inherit it, intangible sources of value like intellectual property require more planning and...
A trust is a common tool used to protect assets or distribute property upon death. While there are multiple types of trusts that can serve many purposes, a common element of all trusts is the naming of a trustee. The trustee is responsible for managing trust assets...
Like many elderly New Jersey residents, you have likely built up assets over the course of your lifetime. As you get older, you may worry about not having a plan set up to protect these assets. Asset protection planning might have been something you thought you would...
You work and save for your eventual retirement. You also accumulate assets with the desire to pass them on to your loved ones. Not only is accumulating valuable assets important as a legacy to your loved ones but planning exactly what you wish to happen to your assets...
There are a lot of ways to go about protecting your assets. But not all of them are created equally. You need a plan that suits your needs and protects your wealth in an effective way. However, if you’re not careful in how you go about doing that, then you could face...
New Jersey residents who have accumulated a fair amount of assets may consider putting them into a trust for their intended beneficiaries. There are two general types of trust: revocable and irrevocable. One of the biggest differences between the two types of trusts...
In the past, New Jersey residents who were preparing for the future and thinking about asset protection as part of their estate plan needed to focus on the basics. That included cash, investments, retirement accounts, real estate, collectibles and items of sentimental...
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....
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...
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...
