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Virtually everyone in Flemington has an estate. It’s the collection of things that a person owns, including a house, car, stocks, cash, checking and savings accounts, furniture, life insurance, clothing – everything. For some, estates are vast and...
In our previous post, we wrote about one of the most celebrated actors of our time: Philip Seymour Hoffman, who died at age 46. As you might recall, the Oscar-winning actor was adamant that his three young children, ages 5, 7 and 10, not be “trust fund...
Among the most personal and important decisions a person can make in life is how they want to raise their children. An infinite variety of good parenting techniques, styles and philosophies exist. They are all linked by a parent’s undying love for their kids,...
Ancient Egyptians used to bury a dead pharaoh with mounds of gold and jewels for the afterlife. Centuries later, the treasures were still sitting there unused. A few things have changed since then, but we still can’t take our wealth with us. Nor can we pack up...
In this high-tech era, fortunes can be made very rapidly by very young entrepreneurs. Because they’re young and focused on making their businesses succeed, they are often childless and unmarried. If they’re as practical as they are talented, they understand that for...
As every carpenter knows, the proper tools enable a person to do a job well. So it is with estate planning. While not everyone in Flemington has to plan for the disbursement of vast wealth, all of us have to consider what we want done with our assets when we pass on,...
Just a generation ago, families looked quite a bit different than they do today. The shift in family structures can have a strong impact on how people view their relationships and what goals they may have for financial planning. This can be seen in how estate planning...
One of the most common misconceptions that people have regarding estate planning is that they do not have any assets that will need to be distributed or settled when they pass away. They may think that because they do not have robust investments, property ownership or...
In a recent post, we discussed the unique challenges that New Jersey residents face when it comes to estate and inheritance taxes. This state is just one of two that requires both state estate taxes and inheritance taxes to be paid upon a person's death. Our earlier...
There is a popular saying that "Nothing is certain but death and taxes." There have been many variations of this quote, one of which is attributed to Benjamin Franklin, but the phrase has been used for centuries and still seems relevant today; especially when...
