Many New Jersey residents have worked hard to build a strong base of wealth. Retaining as much of that wealth as possible becomes a priority for many families. Understanding the proper steps required to do so can be a challenge, as there are a wide range of rules in...
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Ridgewood Estate Planning Blog
Divorce prompts the need for estate planning adjustments
On Behalf of The Manna Helmy Law Group | Feb 24, 2015 | Estate Planning
Many New Jersey residents who have created a solid estate plan feel a significant sense of relief in the knowledge that their wishes are documented in a legal format. However, there are certain life events that necessitate a re evaluation of existing estate...
Compiling documents within estate planning
On Behalf of The Manna Helmy Law Group | Feb 20, 2015 | Estate Planning
The creation of a comprehensive estate plan leaves many in New Jersey with a sense of relief. Knowing that these matters have been settled brings peace of mind to both individuals and families. Once the process is complete, the final step is to compile estate planning...
Even a simple estate plan must cover incapacity issues
On Behalf of The Manna Helmy Law Group | Feb 18, 2015 | Estate Planning
The primary issues that come to mind when many consider estate planning are the creation of wills and trusts. While settling a plan for the division of assets upon one's death is an essential component of the estate planning process, it is not the only focus. There...
Retirement and Medicaid planning are linked
On Behalf of The Manna Helmy Law Group | Feb 12, 2015 | Medicaid Planning / Nursing Home Planning
As many New Jersey residents approach retirement, their financial goals shift from those held in previous stages of their lives. Instead of considering how to budget for raising a family and purchasing a home, older Americans have to think about how they will fund the...
Lessons learned from Robin Williams’ estate planning
On Behalf of The Manna Helmy Law Group | Feb 10, 2015 | Estate Planning
Many New Jersey residents have fond memories of comedian and actor Robin Williams and the many roles he played in movies and television over the years. When Williams died last year, he did so having left provisions in place to provide for his family. While Williams...
Nursing home planning an issue baby boomers must face
On Behalf of The Manna Helmy Law Group | Feb 5, 2015 | Medicaid Planning / Nursing Home Planning
As baby boomers continue to age, they face a number of issues that are far different from the concerns faced by their parents. Advances in medicine and technology have increased the average American life span, and many baby boomers in New Jersey and elsewhere can...
Living trust a good estate planning option for combined families
On Behalf of The Manna Helmy Law Group | Feb 3, 2015 | Estate Planning
A great many families in New Jersey are comprised of a blend of biological and stepchildren, in which one or both spouses have been married previously. This combination can lead to a rich and fulfilling mix of family connections, and often simply expands the number of...
The role of gun trusts in estate planning
On Behalf of The Manna Helmy Law Group | Jan 31, 2015 | Estate Planning
The number of Americans who purchase and own firearms has been on the rise in recent years. Statistics compiled by the National Instant Criminal Background Check System, which is run by the FBI, indicate that the number of firearm purchases has risen since 2012, and...
Family conflict can make estate planning complicated
On Behalf of The Manna Helmy Law Group | Jan 29, 2015 | Estate Planning
At a recent conference of the American Institute of Certified Public Accountant's Personal Financial Planning, a session was held that focused on the tensions within families that can make it difficult to address inheritance issues. The speaker was able to illustrate...