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...
Probate is a legal process that takes place after an individual passes away. It involves the administration and distribution of the deceased person's estate, which includes their assets, debts and possessions. The primary goals of probate are to validate the deceased...
Safeguarding assets and passing them to future generations are two major aims of many estate plans in New Jersey. However, emergencies could happen at any time. Proper estate planning and asset protection can greatly reduce the impact of crises. Asset protection...
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...
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...
According to SeniorLiving.org, assisted living facilities in New Jersey cost residents $2,008 to $9,300 per month. When planning for your future living situation, paying for long-term care while preserving your wealth becomes an important consideration. There are...
Probate, the legal process of administering a dead person's estate, can be a complex undertaking. While it usually leads to a fair distribution of assets, there are potential pitfalls that can arise. Understanding these pitfalls is important for those navigating the...
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...
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...
In today's ever-changing financial landscape, safeguarding your assets ranks as a high priority. Asset protection planning is a strategy to shield your hard-earned wealth from potential threats and ensure a secure financial future for yourself and your loved ones. 1....
