When most people think about planning their estate, they focus on the ultimate distribution of their accumulated assets. This is a worthy goal within the estate planning process, but it is certainly not the only reason to undertake this important planning step. For...
Month: September 2015
Using safe deposit boxes for estate planning documents
On behalf of Michael A. Manna & Associates | Sep 27, 2015 | Estate Planning
Once an individual or family has completed their estate plan, the next step is to determine how to properly store the resulting documents. In order for one's estate planning efforts to produce the desired results, the designated individuals who will handle the estate...
Benefits of trusts: Beyond avoiding probate
On behalf of Michael A. Manna & Associates | Sep 25, 2015 | Probate
Virtually all New Jersey residents are aware that building an estate plan around trusts instead of simply drafting a will can keep an estate out of probate. The probate process is time-consuming, expensive and fraught with potential tension and stress, and avoiding...
Estate planning across state lines
On behalf of Michael A. Manna & Associates | Sep 19, 2015 | Estate Planning
Quite a few New Jersey residents own assets in different states or spend time traveling between two or more states. In such cases, estate planning can become complicated. The laws of one state may conflict with those of another, and assets can be bogged down as the...
Is a will an outdated type of estate planning tool?
On behalf of Michael A. Manna & Associates | Sep 17, 2015 | Estate Planning
New Jersey residents have more estate planning options today than ever before. In fact, the sheer volume of available choices can be confusing and can lead many to feel overwhelmed. Some people feel that, with all of the available options, the will has become obsolete...
Unmarried couples have unique estate planning needs
On behalf of Michael A. Manna & Associates | Sep 12, 2015 | Estate Planning
A great many young people in New Jersey fail to recognize the importance of creating a comprehensive estate plan. This is especially true among young couples who feel (and rightfully so) that their lives will be long and happy and that the need for estate planning is...
Reduce stress with this simple estate plan approach
On behalf of Michael A. Manna & Associates | Sep 10, 2015 | Estate Planning
For many New Jersey families, the period of time immediately following the loss of a loved one is stressful enough. Adding layers of complexity on top of the grieving process only serves to make this time even more difficult and should be avoided whenever possible....
A simple estate plan need all parents share
On behalf of Michael A. Manna & Associates | Sep 6, 2015 | Estate Planning
When many New Jersey residents consider estate planning, they imagine the manner in which their assets will be distributed at the conclusion of a long and happy life. While this is the ideal outcome of any estate planning effort, it is not the only reason why creating...
New Jersey residents should be wary of estate planning scams
On behalf of Michael A. Manna & Associates | Sep 4, 2015 | Estate Planning
While many people recognize the value of creating a comprehensive estate plan, they also want to save money while addressing that need. They sometimes look for savings in estate planning services, and they can become victims to a range of scams that prey on...
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