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Estate Planning Archives

Inheritance tax in New Jersey depends on connection

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 have families to consider for the future.

Estate planning and family communication

One of the main keys to estate planning, if you want the whole process to go smoothly, is communication. You need to talk to the other members of your family who will be impacted by the plan. Experts advise sitting down and creating a family communication plan to address this process.

Estate planning: Common mistakes and errors

People often assume that estate planning just means writing a will. That's a good place to start. The biggest mistake people make is not drafting a will or doing any planning whatsoever. But that doesn't mean that a will is all you need or that there aren't other mistakes you should guard against.

How children can talk to their parents about estate planning

For children, starting that estate planning conversation may feel intimidating or even impossible. You want to talk to your parents because you know they haven't done enough planning -- or any at all -- but you don't want them to be insulted. You don't want it to sound like you're just trying to find out what you're going to get when they pass away.

4 reasons you may need an advance directive

When you create an advance directive, you lay out your wishes for medical care in writing. These are decisions you would typically make in person, at the time they need to be made, but the advance directive gives you some insurance if you're unable to do that. You can address things like what lifesaving machines you want the doctors to use and whether or not you should be resuscitated.

4 advantages of a special needs trust

You have an heir with special needs, and you are trying to figure out your best course of action during your estate planning. You want to provide for that person and help him or her significantly after you pass away, but you do not accidentally want to do something with unintended consequences. What should you do?

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