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...
Estate Planning
How can you protect your digital assets?
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...
The difference between a care directive and power of attorney
According to the National Poll on Healthy Aging, 54% of senior citizens surveyed in 2021 had not created a written plan for their healthcare in case of hospitalization. Two legal tools to explore in this regard are care directives and powers of attorney. While both...
Does your trust need a spendthrift clause?
Planning for the distribution of your assets and wealth is an important part of estate planning. For individuals in New Jersey, including a spendthrift clause can be a smart decision. A spendthrift clause is a legal provision that you can add to a trust. The main...
Choosing the right guardian for your child
Every parent needs a comprehensive estate plan that includes guardianship appointments for their children. This ensures that your children remain safe and cared for in the event of the unexpected. The person you name as your child’s guardian plays an important role in...
What are the different parts of a will?
A will serves as a roadmap for the distribution of one's assets after their passing. It is important to know all about the various parts of a will to ensure you can accurately write your wishes. By educating yourself more about what is commonly in a will, you can make...
3 reasons to have estate planning regardless of age or estate size
When it comes to planning for the future, the size of your estate and your age might seem like crucial factors. However, the truth is that everyone, no matter their age or the size of their estate, should have an estate plan in place. Estate planning is about ensuring...
Frequently overlooked aspects of estate planning
Estate planning is a complex process that involves determining how you want to distribute your assets and property after you pass away. It also has documents that help your loved ones make important decisions about your healthcare and financial management in case you...
What traits should you look for in an executor?
When thinking about passing on your inheritance and heirlooms, you may imagine what you want to give to your beneficiaries. In addition to this choice, you also need to consider who you want as your executor. Your choice may not be obvious at first if you do not know...
How to retain your privacy while doing estate planning
Estate planning often involves revealing sensitive personal information. This may include details about your financial status, family relationships and future plans. In New Jersey, you may wonder how to keep these details private while still creating a comprehensive...