July 2015 Archives

Preparing carefully with a thorough estate plan

An incomplete estate plan can cause a person's assets to be tied up in the New Jersey probate process for years. Additionally, end-of-life decisions about finances, life support, and other emotional issues could be left in the hands of a judge if clear directions have not been legally recorded. To ensure that one's final needs and wishes are handled correctly, it is important to pay attention to numerous elements of an estate plan.

Avoiding estate planning errors in New Jersey

While many people in New Jersey have probably heard that it's important to complete estate planning, too many people put it off until it's too late, passing away without a will or trust in place to distribute their assets. Still others fail to ever update their estate plans, despite life circumstances that have changed, while others do not communicate with their families about estate planning documents they do have.

Estate planning benefits for gay married couples

Thanks to the Supreme Court decision on June 26, same-sex couples can now enjoy the same rights and privileges of marriage as heterosexual couples, and this includes the same rights in estate planning. While marriage was already legal for gay couples in New Jersey, a gay couple's marriage might not be recognized if they moved to a state that prohibited it, and there was also always a possibility that the right could be removed.

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Lanza & Lanza LLP

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