In New Jersey and all other states, a person must demonstrate testamentary capacity to execute a last will and testament. The phrase basically means that a person signing a will must be of sound mind at the time. The person must also understand the value of his or her...
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Estate Planning
How estate planning can help while you’re still alive
There are people in New Jersey and across the country who will suffer cataclysmic events that leave them incapacitated. Perhaps someone will suffer a brain injury in a motor vehicle accident. Others will experience neurodegenerative diseases like dementia or...
4 critical issues regarding a last will and testament
Perhaps, at one time, you counted yourself among thousands of others in New Jersey who have avoided the estate planning process because you don’t like to think or talk about your own mortality. This type of hesitation is far more common than you might imagine. Maybe...
A contingent beneficiary is a helpful estate planning tool
Perhaps you’re like many people in New Jersey and beyond who have spent time thinking about their own mortality and wanting to take steps to craft an estate plan. You might even have a beneficiary in mind for your last will and testament or insurance policies and...
Important terms to know when estate planning
Most adults benefit from the protections provided by a complete and thoughtfully prepared legal and financial strategy. There is no specific one-size-fits-all approach to estate planning, and you can create a plan that is uniquely suited to your needs and objectives....
What is the most critical document in an estate plan?
It can be intimidating to consider what will happen someday after you pass. It is not easy to consider your own mortality, and for this reason, you may delay your estate planning efforts or put off important steps that will keep your estate plans current. However, it...
Prepare your business for the future
While there is no way you can predict what will happen in the months and years ahead, there are steps you can take that will allow you to prepare for certain contingencies that could arise. One of the ways you can do this is through a completed estate plan, a step...
Why having a trust is an important part of estate planning
Estate planning is a crucial aspect of securing your financial future and ensuring the well-being of your loved ones. One powerful tool that can significantly enhance your estate plan is creating a trust, which has a long list of benefits. Avoiding the probate process...
Make sure your estate plan is functional
One of the intents of creating a thorough and thoughtfully prepared estate plan is to ensure that you get the final word over what happens to your estate after passing away. Through your individually crafted plans, you can decide what happens to your property, which...
Military families will benefit from estate planning protections
Most adults plan for the future by preparing certain types of legal and financial documents. By drafting a will or other types of estate planning documents, you can have a sense of control over certain matters that can include everything from what will happen to your...