Many New Jersey residents wish to pass down their retirement savings to their surviving spouse. In order to make the best possible estate planning choice, it is important to understand how investment vehicles such as IRAs are handled with estate plans. Making the...
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Ridgewood Estate Planning Blog
Wealth preservation and real estate for New Jersey residents
On Behalf of The Manna Helmy Law Group | Nov 6, 2015 | Asset Protection
Many New Jersey families have worked very hard to purchase their primary residence, and some are also fortunate enough to have vacation property. When creating an estate plan, it is important to understand how real estate is handled. Making the best possible choices...
Nursing home planning is a gift to loved ones
On Behalf of The Manna Helmy Law Group | Nov 1, 2015 | Medicaid Planning / Nursing Home Planning
When many New Jersey families consider planning for the chance that loved ones might need nursing home care, the focus is on giving family members the care and respect they deserve. It is important to note, however, that taking care of nursing home planning is...
Lamar Odom’s situation teaches estate planning lessons
On Behalf of The Manna Helmy Law Group | Oct 30, 2015 | Estate Planning
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...
Estate planning after sending the kids off to school
On Behalf of The Manna Helmy Law Group | Oct 18, 2015 | Estate Planning
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...
How insurance policies can trigger estate tax
On Behalf of The Manna Helmy Law Group | Oct 16, 2015 | Inheritance And 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...
Estate planning around an art collection
On Behalf of The Manna Helmy Law Group | Oct 10, 2015 | Estate Planning
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...
Creating an organized estate planning system
On Behalf of The Manna Helmy Law Group | Oct 8, 2015 | Estate Planning
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...
A second marriage calls for a second look at estate planning
On Behalf of The Manna Helmy Law Group | Oct 2, 2015 | 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...
Needs of young children within estate planning
On Behalf of The Manna Helmy Law Group | Sep 29, 2015 | Estate Planning
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...