Most pet owners think of their cat, dog, bird or other pet as a family member, not just a pet. Estate planning unfortunately usually does not include those beloved pets and therefore they are not provided for in the event of your death. The fact, according to a recent...
It is not uncommon for New Jersey residents to assume they do not need an estate planning because of what they believe to be an insufficient amount of property to worry about. However, estate planning is a way of ensuring that people's assets are distributed according...
Administering an estate in New Jersey begins with locating a will. The items that the will controls, or probate assets, and the person who will be in control of the distribution of these assets will be named in the will as the executor of the will. In some cases, the...
New Jersey residents may be aware that many of the tax benefits originally included as part of the Economic Growth and Tax Relief Reconciliation Act in 2001 were made permanent this spring through the enactment of the American Tax Relief Act of 2012. Although...
Changes to the tax law in 2012 are changing the way people should be planning their estates. There are many, however, who are not aware of the extent to which these changes require a new approach. The main effect of the 2012 law is that income taxes have become a...
New Jersey residents may be interested in knowing that estate planning is not always easy. Mistakes in the process can cause issues when it becomes time to distribute a person's assets. However, there are some steps that can be followed to help avoid those mistakes....
While no parent ever wants to consider the fact that they may pass away and leave their children behind, considering what might happen to college savings funds upon the death of a parent may be imperative. Those who are dealing with estate planning issues may want to...
Estate planning may seem daunting to some New Jersey residents because it can be complicated. An estate plan may require consideration of a person's personal preferences, cash flow, retirement needs, taxes, insurance and investment wishes, both currently and in the...
New Jersey taxpayers expecting an inheritance may also receive something else less pleasant along with it - a hefty inheritance tax. A recent article by The Motley Fool discusses the inheritance tax some states charge to generate additional revenue for themselves....
