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Just a generation ago, families looked quite a bit different than they do today. The shift in family structures can have a strong impact on how people view their relationships and what goals they may have for financial planning. This can be seen in how estate planning...
One of the most common misconceptions that people have regarding estate planning is that they do not have any assets that will need to be distributed or settled when they pass away. They may think that because they do not have robust investments, property ownership or...
In a recent post, we discussed the unique challenges that New Jersey residents face when it comes to estate and inheritance taxes. This state is just one of two that requires both state estate taxes and inheritance taxes to be paid upon a person's death. Our earlier...
After someone passes away, an estate administrator will generally need to take care of settling a person's estate. This can be a very difficult and complex process, especially if the deceased has not left an estate plan with instructions on what he or she wants....
There is a popular saying that "Nothing is certain but death and taxes." There have been many variations of this quote, one of which is attributed to Benjamin Franklin, but the phrase has been used for centuries and still seems relevant today; especially when...
Residents across New Jersey were likely saddened by the recent death of famed actor Philip Seymour Hoffman. As tragic as his death was, however, it brought many important topics to light. Most recently, it is his will that has sparked some interesting...
In our previous post, we discussed how important it can be to ensure that a property has been properly evaluated, should the owner pass away. If mistakes are made in the valuation of a home, business or other asset, this can cause a great deal of headaches and...
When it comes to developing an estate plan, there can be a number of challenges that people across New Jersey can face. They may have to make some crucial decisions about who inherits what, whether they want to set up a trust and what they want to happen to any...
According to recent reports, more than two-thirds of U.S. households have a pet. And of the 68 percent of homes that have a pet, many of them will have that pet for several years. For some, a pet is a life-long companion. But what if a pet outlives an owner? What will...
If you are like many other New Jersey residents, it is likely that you have recently made a list of some new year's resolutions for this year. People like to start out a year with good intentions and high hopes for what they can accomplish in next 12 months. Many...
