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...
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Estate Planning
What is the role of a healthcare proxy, and why is it essential?
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...
How does inheriting wealth affect your estate planning decisions?
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...
Does an estate plan save time?
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...
How can new business owners plan their estate effectively?
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...
How does estate planning for blended families differ?
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...
How an estate plan will benefit you during your lifetime
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? Why you should revise your estate plan
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...
Why your family may lose money if you do not have an estate plan
Failing to create an estate plan can lead to significant financial losses for families in New Jersey. Without a plan, the state determines the distribution of assets, which may not align with the wishes of the deceased. This process, known as intestate succession,...
Why revisiting your estate plan upon retirement is crucial
Retirement brings significant changes to your life, making it an ideal time to review your estate plan. Updating your estate plan ensures it reflects your current wishes and circumstances, providing peace of mind for you and your loved ones. Changes in financial...