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As you approach retirement, you likely have many important accomplishments to look back on. As a single person with no children, you probably took advantage of your freedom to establish a successful career, gain countless life experiences and provide a comfortable...
Advances in the medical field have allowed men and women throughout the country to live longer and healthier than ever before. Conditions that once imposed death sentences on individuals can now be treated in noninvasive ways and with excellent long-term results. As...
Many New Jersey residents often wonder whether they really need an estate plan. In reality, any adult can benefit from having an estate plan. These plans go beyond simply detailing how your assets should be distributed after your death, and if you have not gotten...
There are many different types of trusts New Jersey residents can use to protect their financial legacy and limit how much their estate may be taxed. However, it is important that in addition to choosing the right type of trust, they also designate the right person to...
People in New Jersey should create an estate planning checklist to ensure that they have everything they need in their estate plan. While estate planning provides individuals the opportunity to get ready for the unavoidable, it also allows them to dictate what should...
When people in New Jersey are creating an estate plan, they may want to use a living trust. A living trust allows a person to keep control of assets after placing them in the trust. Married people may place assets in a trust and name one another as co-trustees. With a...
One of the estate planning mistakes that many New Jersey residents make is not using a trust to hold assets for their adult children. Trusts can be particularly helpful if an adult child has unhealthy spending habits. Assets that are left outright to adult children...
Some New Jersey residents who are creating an estate plan might wonder if they should take steps to avoid probate. There are advantages and disadvantages to the probate process, and a person should consider them carefully before deciding how to set up the estate plan....
New Jersey residents and others who are thinking about their legacy may want to start creating an estate plan today. At a minimum, an estate plan will contain a will or a trust in addition to a health care and financial power of attorney. The will or trust will give a...
People in New Jersey who have created an estate plan may want to review that plan. In December, Congress passed a law that changed the amount of the estate plan exemption from $11 million for couples to $22 million. This means that people who have created trusts and...
