When considering various estate planning options, many in New Jersey follow a similar path of the loved ones who have gone before. While there are many and varied virtues to be found in tradition, estate planning requires a far more forward thinking approach,...
Month: December 2014
Discussing estate planning during New Year celebrations
On behalf of Michael A. Manna & Associates | Dec 24, 2014 | Estate Planning
For many in New Jersey, the prospect of discussing end-of-life planning with loved ones is distressing. Few people want to look this particular reality of life directly in the eye, which leaves many families with little idea how to handle the affairs of their deceased...
The role of personal letters within estate planning
On behalf of Michael A. Manna & Associates | Dec 18, 2014 | Estate Planning
For most New Jersey residents, the topic of planning one's estate brings to mind a stack of legal documents and directives, and a body of paperwork intended to preserve assets and pass accumulated wealth down to those left behind. While there is no denial that...
Estate taxes not the only estate planning concern
On behalf of Michael A. Manna & Associates | Dec 16, 2014 | Estate Planning
Most New Jersey residents are aware that their accumulated wealth will not be subject to estate taxes unless a very high volume of assets has been reached. The exact figure beyond which an estate is subject to taxation currently sits at $5,340,000. For married...
Asset protection requires proper funding of trusts
On behalf of Michael A. Manna & Associates | Dec 12, 2014 | Asset Protection
Taking a proactive approach to estate planning is a great way to get started. Those in New Jersey who are able to address these matters far in advance of their eventual implementation are at an advantage, as last-minute planning often yields poor results. However, in...
Single people can and should create a simple estate plan
On behalf of Michael A. Manna & Associates | Dec 10, 2014 | Estate Planning
When discussing estate-planning needs, a great deal of focus is placed on preserving assets and dictating the manner in which one's accumulated wealth will pass on to intended heirs. Often, we discuss these matters in terms of family connections, spouses and children...
The hazards of last minute estate planning
On behalf of Michael A. Manna & Associates | Dec 6, 2014 | Estate Planning
Many New Jersey residents postpone addressing their estate planning needs. For some, procrastinating will result in a failure to chart out one's wishes in time, and loved ones will be left to wade through the probate process with little concrete guidance as to what...
Estate planning can help protect one’s possessions, family
On behalf of Michael A. Manna & Associates | Dec 4, 2014 | Estate Planning
Thinking about death is one thing most people likely prefer not to do, especially during the holidays. However, failing to plan for one's death may mean that one's wishes aren't upheld in the event of one's death in New Jersey. Estate planning is critical, no matter...
Think control isn’t necessary for asset protection? Think again
On behalf of Michael A. Manna & Associates | Dec 1, 2014 | Asset Protection
Drawing up a will or creating a trust can initially feel like passing on the responsibility of your things to other people. Grandma's old piano might be intended for your granddaughter, the china cabinet for your son and a charitable trust for your favorite New Jersey...
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