Asset titling is a crucial aspect of financial planning that often goes overlooked. It refers to how you legally own your assets, whether in your individual name, jointly with someone else or through a trust and other entity. Essentially, the way you title your assets...
Many people know about basic wills and living trusts, but fewer understand the power of pour-over wills. This legal tool works with your living trust to create a more substantial estate plan that leaves nothing to chance. What makes a pour-over will different? ...
Estate planning is for more than just people with a lot of wealth. It is a thoughtful act that offers peace of mind so you and your loved ones do not have to worry, regardless of your financial situation. While you might think you do not have much to leave behind, the...
When setting up a trust, you might come across the term "spendthrift clause." But what exactly is it, and could it benefit your situation? Understanding when you need a spendthrift clause and its potential advantages is essential. What is a spendthrift clause? A...
Yes, you can support the social causes you care about after you are gone. Crafting an estate plan involves considering your loved ones, your assets and your values. This legal tool also allows you to integrate charitable giving into your plan if philanthropy is...
If someone passes away without a will, their estate will go through the intestate process. Using this route can subject the deceased's assets to administration based on state law. These provisions offer fair methods to distribute the estate, but considering how each...
Being a parent is one of the most challenging jobs there is. You want to make sure that you meet your child's every need—from quality education and health care to securing their financial future. Among the most crucial parts of securing their future is choosing...
Estate planning can be essential in protecting one's legacy and ensuring the well-being of loved ones. However, this complex process often presents numerous challenges that can lead to costly mistakes. As you start your estate planning journey, it is vital to...
When managing an estate in New Jersey, it's important to know how to handle the deceased's debts. Initially, gather all information on outstanding debts like mortgages, car loans, credit card debts, and personal loans. New Jersey law mandates that the estate’s...
Estate planning involves various tools to ensure your assets are managed and distributed according to your wishes. One complicated element of New Jersey estate planning is revocable living trusts. What is a revocable living trust? A revocable living trust is a legal...
