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...
Probate is a lengthy legal process necessary for estate administration. Most estates go through probate, and the process can incur high costs in some cases. Fortunately, there are strategies you can employ to avoid probate and ensure a smooth transfer of your assets...
Spouses often face unique considerations when they conduct estate planning. This can be the case especially when there is a significant age gap such as 20 years between them. In New Jersey, where estate laws can be complex, understanding these considerations helps...
Digital assets may be an integral part of your life, encompassing everything from social media accounts to online financial records. As you start estate planning to secure your legacy, you should extend this consideration to your digital footprint. Protecting your...
