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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...
New Jersey residents who get married for the second time should be aware of the estate planning and financial issues that can arise. The complications that are created by blended families can easily get out of hand. If there are commingled assets and incomes in a...
New Jersey residents may be familiar with a non-legal estate planning document known as a Letter of Final Wishes. This document provides a way for the testator to express their wishes pertaining to important personal issues not stated in the will. When writing an LFW,...
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...
Many individuals living in New Jersey and all over the world have social media accounts. People of all ages use platforms such as Twitter and Facebook to stay connected with friends and loved ones and as a source of news. However, once someone passes away, his or her...
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...
When New Jersey residents get older, they should strongly consider having powers of attorney created. Powers of attorney provide trusted individuals the ability to make financial choices for another person in their stead. Depending on how a document is drafted, a...
Ideally, New Jersey residents should have estate plans in place to ensure that their final wishes will be carried out. A basic plan may include a will, a living trust and powers of attorney. However, it is important that an estate plan is constructed properly to avoid...
Individuals in New Jersey who have been named as an executor of a parent's will should be aware of what the role entails. Understanding the responsibilities is the first step in making sure that a parent's last wishes are correctly carried out. If it is possible,...
