When it comes to your financial goals regarding your retirement and leaving your assets to your family in case you should become incapacitated or die, you probably want to be prepared in the best way possible. For this reason, our New Jersey attorneys work hard to protect the best interests of our clients. With decades of experience, our attorneys have helped our clients with creating effective estate plans, settling legal disputes regarding trust and estate-related disputes, and assisting with the estate administration process.
When a New Jersey resident is the executor of an estate, there may be items that need to be appraised. It is important to choose an independent appraiser who does not have a conflict of interest. The person should not be someone who will benefit from the sale of the items.
In our previous post, we discussed how important it can be to ensure that a property has been properly evaluated, should the owner pass away. If mistakes are made in the valuation of a home, business or other asset, this can cause a great deal of headaches and confusion for those who are tasked with administering an estate and those who have something to gain or lose as a result.
When it comes to developing an estate plan, there can be a number of challenges that people across New Jersey can face. They may have to make some crucial decisions about who inherits what, whether they want to set up a trust and what they want to happen to any properties they may have. Each of these decisions can have a dramatic impact on a person's friends and family, so they should be made purposefully.