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...
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Probate
How can one avoid the probate process?
Settling a New Jersey estate can be a lengthy and complex process, especially if the estate must go through probate. During probate, the court oversees the process of paying remaining debts connected with the estate, distributing assets and more. It can take months or...
Why might a will be challenged in probate?
Probate is a legal process that involves the distribution of a person's estate based on the instructions left in their will. Once a person passes on their will goes to probate and is reviewed to ensure that it meets the technical requirements for a valid legal...
Where will your loved one’s probate break down?
After a loved one dies, you have many details to take care of. You may find these welcome distractions as you deal with your grief and loss. Sooner or later, however, you will have to deal with your loved one's estate, and that often means going through the probate...
Reasons to keep an estate out of probate
Many people understand the legal system as a method to protect their rights and punish wrongdoers. However, the legal system has many other functions to help individuals accomplish everyday tasks and to serve their everyday needs. For example, not all New Jersey...
Will you need to pay inheritance tax?
When a person passes away and leaves behind assets set aside for family members, friends and charitable organizations, some of these beneficiaries may have to pay taxes on the value of whatever it is that they received. This is an inheritance tax -- which is not the...