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...
A great deal of focus within estate planning is centered on the best way to transfer assets to children and grandchildren after the death of a loved one. For couples in New Jersey without children, a different estate planning approach is often taken, and the focus...
Organization and periodic review are two topics that should always be associated with the creation and maintenance of a proper estate plan. Without these two practices, it is all too easy for the wishes of a New Jersey resident to fall by the wayside. Over the course...
Much has been written, here and elsewhere, about the need to create and maintain a thoughtful drafted estate plan. That said, the reality is that many in New Jersey and across the nation will not address this important need, and their heirs will be forced to go...
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....
Many New Jersey readers are likely familiar with the life and artistic work of singer and guitarist Lou Reed. Once the frontman for The Velvet Underground, Reed had a long and prolific musical career that amassed a significant fortune. His death in 2013 and his...
Many individuals in new Jersey take the necessary steps before they die to create a comprehensive estate plan, which can include a will. A will simply dictates how one's assets are distributed among family members, friends and others. A will is created by most people...
When considering their estate planning needs, many people who do not have significant financial holdings assume that they have no need for many of the tools offered within the estate planning process. It is true that individuals with a low net worth can avoid probate...
A will generally protects someone's assets in the event of their death. Sometimes, a will may require New Jersey family members to go through probate litigation for the distribution of assets. As emotional as this is, there are circumstances where this is necessary...
Whether one lives in New Jersey or near the Pacific Coast, estate planning are things that are worthy of consideration. A new facet of estate planning is deciphering what will happen to online accounts and email if one dies or becomes incapacitated. Email accounts...
