Planning for the future can be next to impossible because so much about it is difficult to predict. A New Jersey resident may not be able to guess how long they will be able to work, how their health will fare, or what will happen when their personal relationships as...
Estate Planning
Celebrity deaths highlight estate planning mistakes
It is always sad to hear that a favorite celebrity has passed away. Celebrity deaths are tragic, but they can bring attention to the importance of having a well-rounded estate plan. The following are some things Bridgewater residents can learn about estate planning....
Estate planning requires you to look at your beneficiaries more closely
Estate planning is generally focused on what you want for yourself and your family’s future. You are typically focusing on what you want to happen to your assets when you pass away and who you want involved in the estate administration process. However, focusing...
A new president may warrant changes to estate planning strategies
For New Jersey residents who are thinking about how to structure or update an estate plan, it is important to understand certain factors. People might craft an estate plan based on the policies of a current presidential administration and then change it if there is a...
What is a special needs trust?
Trusts are strong legal estate planning tools that can help families set up effective and efficient means of transferring wealth at death and avoiding the challenges of probate. Before a New Jersey resident endeavors to establish their own trust, they can choose to...
If you are not there for your pet
Your pets need care if you suddenly die or become incapacitated. Estate planning should help assure that your pet has a home, veterinary care, food and love when you are unable to provide care. Emergency precautions Designate at least two responsible relatives or...
It is important to plan for aging and illness
For a New Jersey resident motivated to do estate planning, it may be very easy to get focused on what will happen to her property after she dies. Indeed, this is a very important question, as poor estate planning can mean an estate gets tangled up in lengthy and...
When should you update your estate plan?
As a resident of New Jersey, you have worked hard to get your estate to where it is at today. You want to protect it through a carefully crafted estate plan. This ensures that your loved ones can enjoy your assets and a smooth, stress-free transfer. But to do this,...
Is a relative your best choice for an executor?
As a resident of New Jersey, you work hard to create and maintain your estate. It goes without say that you put the same care into your estate plan. Because of this, you want to have an executor that will carry out your estate management well. But should you choose a...
Can I leave a handwritten or spoken will in New Jersey?
We have all seen films where a dying character makes last wishes on his or her deathbed — allotting wishes for how to distribute his or her possessions. If this is what you are planning, reevaluate now. In New Jersey, your family may honor your last wishes out of love...