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In a 2011 poll, nearly 60 percent of Americans admitted that they had no will. While many New Jersey residents may think they're too young to start worrying about the future of their assets, having a will is important for adults of all ages. In most cases where there...
Generally speaking, it is difficult to successfully challenge a will in New Jersey. Around 99 percent of wills nationwide are upheld in their entirety by probate courts. That said, anyone who may have an interest in the estate can bring a challenge. There are several...
Getting married more than once is a common occurrence among Americans According to the Pew Research Center, 40 percent of marriages in 2013 were remarriages. Another survey has found that an estimated 9 percent of U.S. residents have an out-of-date will and 63 percent...
Only about 20 percent of Americans create a living trust, but there are many advantages to doing. One of the biggest advantages for a New Jersey resident is to avoid the probate process, which can delay the transfer of of decedent's assets by up to a year. If...
Longer lifespans increase the chances of some New Jersey residents experiencing disability in their last years of life. The cost of paying a nursing home during those final years could deplete all of a person's assets. To protect at least a portion of their assets,...
Residents of New Jersey who are considering their final expenses and estate planning may encounter difficult questions, particularly when they have several children or other relatives and are uncertain of the best way to distribute their assets. One way to deal with...
New Jersey residents who are thinking about their estate plan might wonder whether an trust would be a good vehicle for passing assets on to loved ones. A trust may give them greater control over the distribution. For example, certain conditions can control the timing...
Most people in New Jersey who want to avoid the probate process for the distribution of their estates after they die know that revocable trusts are a means of doing so. Since the court does not oversee trusts, people might wonder who handles their administration. In...
New Jersey residents who are worried about their estate wishes being honored after death have several options. First, it may be possible to enter into a formal contract with a spouse to ensure that the terms of a will are not changed. It may be worthwhile to create a...
Estate planning is not only important for New Jersey residents who have a lot of money in the bank. Even people with a minor amount of assets and who have a family should write a basic estate plan so that their assets are distributed correctly after their death. Dying...
