Michael A. Manna & Associates
Toll Free: 866-678-0459
Phone: 201-345-3018
Toll Free: 866-678-0459
Phone: 201-345-3018

Let our attorneys provide the legal help Your Family Deserves

Case Evaluation Form

October 2015 Archives

Lamar Odom's situation teaches estate planning lessons

Many New Jersey readers are familiar with former NBA star Lamar Odom. The 35-year-old athlete has made recent headlines not for his role on the court but, instead, over a series of questionable decisions that have left him in dire medical straits. While Odom has a good chance of recovering, his current situation can provide an important estate planning lesson.

Estate planning after sending the kids off to school

When New Jersey parents have sent their last child off to college, there is plenty of cause for celebration. This event is also cause for a review of one's estate planning package. Many people fail to recognize this achievement as a significant life event, one that should prompt a review of the family's estate plan.

How insurance policies can trigger estate tax

When creating an estate plan, many New Jersey residents consider whether life insurance is a useful tool. Life insurance can provide wealth to the loved ones left behind, and can make it far easier for them to maintain their quality of living as they adjust to their loss. However, there is an important aspect of life insurance and estate tax planning that is often overlooked.

Estate planning around an art collection

For those in New Jersey who love and collect art, consideration must be given to how those assets will be handled in the event of the owner's death. Many people spend a great deal of time and money building their collection, which often increases in value over the course of time. Determining how to pass that wealth down to loved ones is a serious estate planning matter.

Creating an organized estate planning system

The primary motivation behind creating a comprehensive estate plan is to leave loved ones in New Jersey with a solid level of financial stability. This is accomplished through careful estate planning methods such as the use of trusts and life insurance. However, it is important to note that even the most well-constructed estate plan can leave loved ones in the lurch if the proper level of organization is not achieved.  

A second marriage calls for a second look at estate planning

Gone are the days when the American family took on a standard form, and there is no longer a "norm" when it comes to how families are shaped. Many New Jersey residents will marry more than once and may have children from two or more unions. While there is no longer social stigma associated with divorce and remarriage, those who enter into second or subsequent unions should review their estate planning package to ensure that their wishes are properly outlined within.