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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...
New Jersey residents should be aware of the importance of keeping their beneficiary designations up to date and making th right choice. There are a number of assets that are passed on using a beneficiary designation including retirement accounts and life insurance. A...
New Jersey residents may believe that the benefits of estate planning only really become apparent when a loved one passes away, but documents like powers of attorney and health care directives can be crucially important if a family member is left incapacitated by an...
New Jersey residents who are creating an estate plan may want to consider setting up a special needs trust for a disabled child who will need care. With a properly-created and administered special needs trust, eligibility for certain government benefits such as...
New Jersey couples who are considering a divorce may have to think beyond their immediate concerns, such as child support or asset division. Many couples also find it beneficial to create property or marital settlement agreements, or PSAs, that include estate terms....
