For many in New Jersey, the need to address estate planning matters is easily ignored or downplayed. Some feel that they simply do not have enough assets to bother with the process, others avoid the matter because they are uncomfortable acknowledging their own mortality. However, addressing the need for wills and other forms of estate planning is important, and should become a topic of discussion within every New Jersey family.
In one of our previous blog posts we discussed the benefits of estate planning for New Jersey residents. While there are many advantages of creating an estate plan before it's too late, individuals should be aware of the most common estate planning mistakes and learn how to prevent these errors.
Trusts have become a common part of estate planning for many people. Before you create a trust, it is important to understand the different types of trusts and how to decide which one to have.