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Trusts are a popular tool in estate planning because they offer many benefits for managing and distributing assets. People use trusts for a variety of reasons. Understanding the advantages of trusts can help when planning your estate. Protecting assets for loved ones...
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...
Each individual in New Jersey has specific and unique goals for their estate, both during his or her lifetime and after passing. When creating a plan for the future, it’s important to develop a strategy that allows you to protect assets and accomplish specific goals...
As you work to get your final affairs in order with your estate plan, you may have found yourself struggling to decide which planning options are right for you. This difficulty is understandable because there are so many useful estate planning tools that can suit a...
Understanding the duties of a trustee may help New Jersey residents who are creating an estate plan that includes a trust select the right person for this job. A trustee is the person who is responsible for overseeing the trust. Managing the trust, investing the...
A trust can be an effective tool for estate planning purposes. A revocable living trust is one of the most popular types of trusts as it gives the trust's creator flexibility to make changes if needed. Although they cannot be changed, an irrevocable trust may provide...
According to recent reports, more than two-thirds of U.S. households have a pet. And of the 68 percent of homes that have a pet, many of them will have that pet for several years. For some, a pet is a life-long companion. But what if a pet outlives an owner? What will...
If you are like many other New Jersey residents, it is likely that you have recently made a list of some new year's resolutions for this year. People like to start out a year with good intentions and high hopes for what they can accomplish in next 12 months. Many...
New Jersey residents that have dedicated their lives to taking care of a family member with special needs often make provisions for those loved ones in their estate plans. Making the decision to create special needs trusts is the easy part of the decision. The part...
Many in New Jersey may be interested in drafting a revocable trust as a way of avoiding probate. While these trusts are popular and provide a lot of flexibility, anyone interested in drafting one must take care to avoid scams. Trusts that are not drafted or funded...
