Over the course of the last decade, individuals have seen the growing importance of and reliance upon digital assets. These are intangible assets that exist in an online environment or computer hard drive. Digital assets can include anything from online movie...
You always knew that your child would one day grow up and go to college here in New Jersey or maybe out of state. This year is the year that your child reaches that milestone, and you have likely already done a lot of preparation to get him or her ready to head off to...
When most people think of an estate plan, they think of physical belongings, such as property and cash. However, in today's world, people now need to determine what to do with digital assets, such as social media accounts and projects that exist solely on a hard...
When developing an estate plan, it is paramount to understand your state's laws to avoid as many fees and taxes as possible. New Jersey is one of the only states to have inheritance taxes, but spouses, siblings and children are typically exempt. When...
Estate planning involves creating a comprehensive plan that encompasses end-of-life financial and health care directives as well as tools for asset distribution and management after death. As an adult child of elderly parents, facing the reality of your parents'...
There are many provisions in an estate plan that may come into effect well before you pass away. Health care directives are essential in any estate plan, which is why nearly 37 percent of Americans include them, according to Reuters. With such directives, you can...
You may have trouble talking to your aging parent about his or her finances. Maybe your parent is secretive about his or her money, so you procrastinate the discussion year after year. But if you wait too long to have this conversation, your parent may end up in a...
Many people in the United States are living longer. For example, half of the infants born in 2007 may live to the ripe old age of 104. However, this extended lifespan does not always translate to the financial means to pay for it, nor does it mean quality of life. It...
Elderly people need to have a proper estate planning strategy to ensure they leave all their belongings to the right people after death. However, many people fail to do this. A report from the American Association of Retired Persons shows that only four out of every...
Understanding what makes your estate planning complete can be difficult, especially if this is your first time through the process. As you consider your options and put together your choices for wills, trusts, and other pieces of your larger estate planning picture,...
