The basic components of a solid estate plan have been covered in great detail, both here and within the larger media. However, many New Jersey residents are uncertain how to address assets that are of an unusual or special nature within their larger estate planning...
One of the most common objections that New Jersey attorneys hear in regard to creating an estate plan involves the belief that an individual or family with only a moderate or modest level of wealth has no need to create such a plan. This, however, is far from true....
Estate planning and planning for future medical needs can be overwhelming for New Jersey families. With so much to consider, it is hard to know if everything has been covered adequately. One aspect of planning for the future includes making arrangements for extended...
The segment of the population known as “baby boomers” is beginning to retire from the workforce. If they have not already created an estate plan, it is imperative that they do so. Estate planning can include medical directives, powers of attorney, a trust...
Nearly everyone is aware of the federal estate tax exemption, which is a generous $5.34 million per person for 2014, according to the Internal Revenue Service. Most people feel that they do not have to worry about estate taxes since the majority of estates do not...
One of the biggest misconceptions surrounding estate planning is the idea that this is a singular, one-time need. Many in New Jersey feel that they can address the matter once and then move on, comforted by the fact that they have taken care of this important planning...
As Americans, we tend to idolize celebrities, placing them upon pedestals that are sometimes deserved, and are often not. When it comes to estate planning and asset protection, it is easy to assume that the fame and wealth that many of these individuals enjoy will...
Gone are the days when a “typical” American family consisted of a husband, wife and their offspring. In today’s world, families can take on an amazing array of shapes and configurations. This is especially true for those in New Jersey who marry more...
When a New Jersey resident dies, his or her estate is subject to taxation. Effectively reducing these taxes is an integral part of estate planning. There are a number of ways to limit the taxes that will come with the transfer of assets following a death. Life...
