Certain types of property may make your estate planning process feel overly complicated. While passing down the house might be as easy as declaring a beneficiary to inherit it, intangible sources of value like intellectual property require more planning and...
Estate planning covers a lot of moments in your life, from advanced medical directives in your twilight years to inheritance distribution after your death. One aspect that many clients may overlook is the cost of your funeral. Many families often need to hold car...
One of the key financial goals of the estate planning strategy is to reduce the dilution of assets. This dilution could come from taxes, fees and even conflicts after a person's death. There is also usually a goal of supporting one's family. Through lifetime giving...
Whether a beneficiary accuses you of failing to distribute the assets of an estate correctly or misusing funds for your personal benefit, there are different reasons why you could become involved in a dispute as the administrator of an estate. In the event that such a...
Whether you are creating a new estate plan or updating your current estate plan, experts suggest taking your health into consideration. A person without any major medical issues may not have the same requirements or expectations as someone with a serious medical...
When many people think of estate planning, they think about passing their most valued possessions and assets to loved ones to treasure after they pass away. However, some people prefer the idea of leaving some or all their assets to a charitable organization. There...
Most New Jersey residents probably know what having a power of attorney means. A power of attorney is a document you can draft as part of your overall estate plan that allows you to select someone to make major medical, financial or business decisions for you if you...
Today, probate has a bad reputation when it really shouldn’t. It is often reiterated that it is something you want to avoid. As such, many individuals specifically try to avoid probate when beginning the estate planning process. But in some situations, probate cannot...
A trust is a common tool used to protect assets or distribute property upon death. While there are multiple types of trusts that can serve many purposes, a common element of all trusts is the naming of a trustee. The trustee is responsible for managing trust assets...
A lot of people oversimplify the estate planning process. While it involves figuring out how to distribute your assets once you’re gone, it’s also about your protecting legacy. When you look at it through that lens, the estate planning process becomes all the more...
