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. ...
Estate Planning
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...
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...
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...
Cancer affects what estate planning documents to draft
It's important for everyone to have an estate plan in place no matter how healthy or young that they are. Cancer and other illnesses don't discriminate after all. You can fall ill with a medical condition at any point in your life. If you've been diagnosed with cancer...
What are the tax implications of passing down a retirement plan?
One of perhaps the biggest guffaws that individuals make when planning their estates is not thinking of the tax implications that making certain decisions will have on their beneficiaries. Certain types of retirement investment plans require beneficiaries to take...
What estate planning documents should childless couples draft?
One of the steps that couples take when they find out that they're expected a child is to sit down with an attorney to engage in estate planning. They often do this to appoint a guardian to raise their kids and to make financial arrangements if something happens to...
Make sure that your digital assets are covered in your will
When people are asked about estate planning, they often mention wills, health care directives and powers of attorney. Most people describe what they'd like to happen with their tangible assets such as a car, house or family heirloom if they were to pass in their will....
How are conservatorships and guardianships different?
If they don't do so beforehand, many Bridgewater residents finally get around to estate planning once they have a child. Others do so do as they age, especially if they have someone with special needs that they care for.There are two estate planning tools called...
