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...
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Flemington Legal Blog
The importance of powers of attorne
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...
Common estate planning problems to watch out for
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...
Executing a parent’s will
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,...
Nearly six in 10 U.S. adults don’t have a will
Most New Jersey residents know the importance of estate planning. However, a study shows that nearly 60 percent of U.S. adults do not have a will in place. In January, researchers from Princeton Survey Research Associates International asked 1,003 adults if they had...
Estate planning for end-of-life care
Elderly people in New Jersey sometimes need their children to help them manage their finances. Adult children are frequently put in charge of paying bills, making investment decisions or applying for benefits. If an elderly person is completely incapacitated, he or...
Including a simultaneous death clause in an estate plan
Most people in New Jersey do not expect to die at the same time as their spouses. Therefore, estate plans may not take the possibility of simultaneous death into account. However, fatal car accidents and other tragedies can result in two family members dying at the...
Estate planning post-Trump
Many New Jersey residents are wondering what type of changes might come with the election of Donald Trump and the Republican party holding majorities in both the House and the Senate. Among other things, one area that could be greatly affected is estate planning. If...
Creating an ethical will as part of an estate plan
An ethical will is one way that New Jersey residents who are creating an estate plan may pass on their values to their family. It is separate from the will and other estate planning documents and might be thought of as a letter to family members describing the most...
Size of Prince’s estate believed to be around $200 million
New Jersey residents who are fans of Prince are likely aware that the star, who died suddenly in April, apparently did not have a will. Since he didn't have an estate plan in place, his sister and five half-siblings stand to inherit his extensive assets. According to...


