July 2013 Archives

New Jersey estate planning should account for online transactions

When it comes to estate planning, it may be easy for many to overlook the increasing number of transactions that are done online, financial or otherwise. Once someone is deceased, his or her online accounts live on, whether they are for automatic bill payment, digital photo storage or social media. Any New Jersey resident with online accounts may obtain some peace of mind by including provisions for these accounts in his or her estate planning.

New Jersey readers could learn Gandolfini estate planning lesson

When it comes to planning for the future, estate planning is one of the most important areas for New Jersey residents to consider. Ensuring that property, assets, valuables and other important items are secured for the future can help individuals be sure that their family will not be left under financial strain and complications. Recently, the death of famed actor James Gandolfini has raised awareness of the importance of estate planning and updating, and having a solid outline established.

Revocable trusts: How New Jersey residents can avoid scams

Many in New Jersey may be interested in drafting a revocable trust as a way of avoiding probate. While these trusts are popular and provide a lot of flexibility, anyone interested in drafting one must take care to avoid scams. Trusts that are not drafted or funded properly can end up costing more than just money.

How important are powers of attorney in health and New Jersey?

How many times do people think to themselves that they should plan ahead for possible unforeseen events but yet never seem to get around to doing so? One of the most important yet often neglected details is having in place official powers of attorney especially regarding health care treatment issues. Selecting the right person and making sure that all personal wishes are in writing is critical to all concerned parties in the event of a medical emergency. Everyone in New Jersey needs to be aware of the importance of making sure his or her desires are cared out.

Pet trusts protect pets when their owners pass away

Most states, including New Jersey, recognize that pets are "living property" and they may be provided for in the event of the owner's incapacitation or death. As such, pet trusts are being used by many people to ensure that their pets are taken care of in the event they are no longer able to take care of them. As with any other kind of trust, there is more than one way to handle a pet trust.

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