Many people believe estate planning is something to consider later in life, but starting early can provide significant benefits. In New Jersey, it's wise to begin your estate plan as soon as you have assets or responsibilities you want to protect and manage. Starting...
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Estate Planning
Basics of Estate Planning in New Jersey
Estate planning is crucial for managing your assets and ensuring your wishes are honored. In New Jersey, estate planning involves more than drafting a will. This blog post will provide an overview of the essentials of estate planning in New Jersey. The Importance of...
How can having children affect estate planning?
Having children can both bring you joy and lead to more responsibility. One of the biggest responsibilities is planning for the future, which includes estate planning. It is important to consider how having children affects this process. Naming guardians When you have...
Was your loved one coerced to change an estate plan?
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...
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...