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New Jersey residents are often honored when they are asked by a close friend or relative to act as the executor of their wills after they pass away. The duties of an executor are important, but they can also be difficult and thankless for the unprepared. The executor...
People in New Jersey may want to avoid probate by passing their assets in ways other than a will. Wills still do have some advantages, however. There are a number of ways that a person can pass their assets to their intended beneficiaries, both within the structure of...
Most New Jersey residents understand the importance of having an estate plan. However, many young people have not put any thought into what they want to happen should they become incapacitated. Following the highly publicized death of Bobbi Kristina Brown, young...
New Jersey residents who bemoan their tax burdens may wish to spare a thought for those who live in nearby Connecticut. The state has seen thousands of residents pack up and leave in recent years as taxes have risen to bridge yawning budget gaps, and changes to the...
An incomplete estate plan can cause a person's assets to be tied up in the New Jersey probate process for years. Additionally, end-of-life decisions about finances, life support, and other emotional issues could be left in the hands of a judge if clear directions have...
While many people in New Jersey have probably heard that it's important to complete estate planning, too many people put it off until it's too late, passing away without a will or trust in place to distribute their assets. Still others fail to ever update their estate...
Thanks to the Supreme Court decision on June 26, same-sex couples can now enjoy the same rights and privileges of marriage as heterosexual couples, and this includes the same rights in estate planning. While marriage was already legal for gay couples in New Jersey, a...
For some New Jersey residents, a will may not be the best estate-planning tool. In some cases, a will may get tied up in probate for months. Probate can also be expensive. However, families of individuals who opt for do-it-yourself estate planning tools may still find...
Most New Jersey residents who are contemplating the preparation of their wills know that one of the important tasks is the appointment of an executor. This person is entrusted with a wide variety of responsibilities, one of the most important of which is ensuring that...
Revocable trusts play key roles in many New Jersey estate plans. They allow the grantor to direct the distribution of assets in accordance with the trust's instructions without incurring the expenses associated with probate. Indeed, in most cases the trust operates...
