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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...
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...
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...
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...
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...
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....
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...
Many New Jersey spouses who have assets such as retirement plans, life insurance policies and investment accounts often list their husband or wife as the beneficiary on them. While there's no problem in doing that, it's important that spouses have contingency plans in...
It is a difficult subject to tackle, but successful people spend some time and effort working out the details of their end of life plans. Many people have assets and properties to share out among living beneficiaries or charitable organizations, and many of them also...
One woman's mother put off her estate planning, and in fact, she never got around to it at all. When she passed away, she did not leave a trust, a will or any other documentation.Her death was unexpected, which could be part of the reason why. Many people assume they...