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Some New Jersey couples might think that if they do not have children, they do not need an estate plan. However, estate plans are not just for passing on wealth to the next generation. They can also help protect people and allow them to decide what becomes of their...
New Jersey residents should never be pressured into signing a power of attorney document. In fact, it may be a sign of fraud for another person to pressure someone to take that step. As a general rule, those who aren't ready to delegate financial duties to another...
New Jersey residents may want to consider planned giving as part of their estate plan. Planned giving refers to arranging a donation to charity while a person is still alive. Planned giving can offer a number of benefits to donors, charities and beneficiaries. Planned...
Parents in New Jersey and elsewhere will ideally create an estate plan that takes into account the needs of their children. Doing so may be more important if a child has special physical, mental or emotional needs. This is because a properly crafted plan may allow a...
New Jersey adults of all ages should think about having some basic estate planning documents in place. Even people who are in their 20s may benefit by drafting these documents because unexpected accidents or illnesses can occur. There are several types of estate...
When New Jersey residents are making their estate plans, they may not include what they want their final arrangements to be. Traditionally, the final arrangements were included in a person's will. However, those who have specific desires should prepare a funeral...
Many entrepreneurs in Hunterdon County rely in large part on the income of their businesses. Since this income is responsible for sheltering the family, feeding them and providing a consistent standard of living, protecting the business is a necessity that shouldn't...
An irrevocable trust may be an effective estate planning tool for New Jersey residents. It is called an irrevocable trust because the terms cannot be changed once the trust has been create. An individual may either create such a trust during his or her lifetime or use...
People in New Jersey who live with a partner but are not married could risk losing their shared assets if the partner dies. Furthermore, unmarried partners legally do not have a right to make medical decisions on behalf of each other. However, creating an estate plan...
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...
