In New Jersey, estate administrators will have a significant role in the distribution of a person’s assets after they have died. While it is an emotional and sometimes overwhelming time, probate is necessary to ensure the testator’s property will be distributed as...
When people agree to be a personal representative for the estate of a loved one in New Jersey they probably do not know everything that it entails. They may know at a basic level that they will be responsible for administering the estate to ensure that the...
After building and preserving financial security over a lifetime, you want to ensure you’re your wealth will still be there for your loved after you pass. Death taxes often drive people to extremes to keep their legacy secure for future generations. As New Jersey is...
When we think of estate planning, we tend to think of people who are further along in life. Someone who needs a trust to protect assets or a will to pass them on. And while there’s some truth to the perception, it’s also true that an advance directive can be important...
We all know that estate planning is important, even if for many of us it is low on our to-do list. But, estate planning should be at the top of that to-do list after you have kids. Why does it become more important after kids? To put it bluntly, it is because your...
As your parents age you may have taken on the role of their caretaker. While you have good intentions as a caretaker, some family members may not think so if they are unhappy with their inheritance. They may accuse you of exerting “undue influence,” over your parent’s...
Many New Jersey families have one or more members who are disabled according to the criteria established by the Social Security Administration. Both the Federal government and the state of New Jersey have established financial assistance programs for these disabled...
There are many advertisements on the Internet for do-it-yourself estate planning. These ads are certainly tempting because they claim you can get the essentials done on your own for less money. However, do-it-yourself estate planning is generally not going to result...
You work and save for your eventual retirement. You also accumulate assets with the desire to pass them on to your loved ones. Not only is accumulating valuable assets important as a legacy to your loved ones but planning exactly what you wish to happen to your assets...
One of the main purposes of a trust is to protect the assets in the trust for the benefit of the beneficiaries. Unfortunately, sometimes beneficiaries can get into financial trouble that threatens the integrity of the trust. An estate plan that includes a spendthrift...
