Families in New Jersey and elsewhere have likely heard just how important it can be to have an estate plan. Estate planning can help beneficiaries as well as the owner of the estate -- the plan can give instructions on how that person wishes certain medical and legal...
Month: July 2014
Estate planning topics: Planning one’s own funeral
On behalf of Michael A. Manna & Associates | Jul 28, 2014 | Estate Planning
One of the most appealing aspects of creating an estate plan is having the ability to clearly outline one’s wishes. A great deal of confusion, misunderstanding and tension can arise after the death of a loved one, and spelling out one’s wishes in a clearly...
Prenup as part of estate planning for second and third marriages
On behalf of Michael A. Manna & Associates | Jul 25, 2014 | Estate Planning
New Jersey couples that want to ensure that their marriage will revolve around a loving union rather than material assets may find that a prenuptial agreement could ensure the peace of mind required to focus on their relationship. Although a prenuptial agreement may...
Misconceptions about the estate planning process
On behalf of Michael A. Manna & Associates | Jul 23, 2014 | Estate Planning
Most New Jersey residents are aware that there is a need to address estate planning at an early age. However, quite a few hold common misconceptions about the process or individual aspects of estate planning. The following are just a few issues that are commonly...
Include the digital realm in asset protection planning
On behalf of Michael A. Manna & Associates | Jul 15, 2014 | Asset Protection
For most New Jersey residents, the digital world is a part of their daily life. We use the Internet for shopping, communication, storage of files and photos and more. An increasing portion of our lives is stored online, and that trend seems destined to continue. When...
Estate planning needs for those without children
On behalf of Michael A. Manna & Associates | Jul 13, 2014 | Estate Planning
In many cases, the central focus of estate planning involves creating a structure through which one’s assets can be passed down to their children in as simple a manner as possible. For single people or couples in New Jersey without children, estate planning can...
Poor planning lands Lou Reed’s estate in probate process
On behalf of Michael A. Manna & Associates | Jul 11, 2014 | Probate
Many New Jersey readers are likely familiar with the life and artistic work of singer and guitarist Lou Reed. Once the frontman for The Velvet Underground, Reed had a long and prolific musical career that amassed a significant fortune. His death in 2013 and his...
Designating guardians within a simple estate plan
On behalf of Michael A. Manna & Associates | Jul 6, 2014 | Estate Planning
For New Jersey parents, one of the most pressing needs when creating an estate plan is the process of designating a guardian who would be entrusted with the care of minor children in the event of the death of the parents. This is a serious decision, one that many...
Treat estate planning as an emergency situation
On behalf of Michael A. Manna & Associates | Jul 4, 2014 | Estate Planning
When many New Jersey residents think about drafting estate planning documents, they believe that the perfect time to do so is at some vague point in the future. This is an easy task to postpone, for a variety of reasons. However, failing to create a comprehensive...
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