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Receiving a significant inheritance is a life-changing event that can have a major impact on your estate plan. It’s important to update your estate plan to account for this new wealth and ensure that your assets are properly protected. This blog explores how to adjust...
Gifting assets during your lifetime can have tax consequences under both federal and New Jersey laws. Understanding these rules helps you avoid unexpected tax liabilities and ensures your gifts benefit recipients as intended. Federal gift tax rules The federal gift...
A healthcare proxy allows someone to choose another person to make medical decisions if they can't. This trusted person, called a healthcare agent, ensures doctors follow the patient’s wishes. Without a healthcare proxy, doctors may turn to family members for...
Receiving a significant inheritance is a major life event that can have long-lasting effects on your financial future. This new wealth brings opportunities but also requires careful planning to protect it and ensure it aligns with your goals. Updating your estate plan...
Trusts are a popular tool in estate planning because they offer many benefits for managing and distributing assets. People use trusts for a variety of reasons. Understanding the advantages of trusts can help when planning your estate. Protecting assets for loved ones...
An estate plan is a powerful tool that helps you manage your assets, secure your family’s future, and minimize stress for your loved ones after your passing. In New Jersey, where probate laws can be complex, having an estate plan in place not only saves time but also...
Starting a new business brings excitement, but it also requires taking on responsibilities that extend beyond day-to-day operations. One of those responsibilities involves protecting personal and business assets. Proper estate planning allows business owners to secure...
Estate planning for blended families requires careful consideration. Families with children from previous relationships need plans that provide for all members and minimize conflict. Creating a tailored plan ensures that everyone receives proper care. Addressing...
Many people think of estate planning as something that only benefits loved ones after death. While it is true that an estate plan provides for family members, it can also offer significant benefits during one’s own lifetime. If you are on the fence about starting your...
Becoming a grandparent is a beautiful, emotional time in any person's life. When a grandchild is born, you discover an immeasurable love beyond words. With that, you should consider protecting your legacy and family, including your new grandbaby! Why it matters...
