Readers of this blog know that we often discuss estate planning considerations. Indeed, at the beginning of June, we discussed estate planning without children. In turn, this post will cover estate planning with children. The stage of their life How you estate plan...
New Jersey residents who are thinking about the future and want to make sure they are fully prepared will understand the value of creating an estate plan. This may include a will, a trust and other options to care for loved ones and make sure their assets go where...
As your parents get older, there’s a lot to think about. Among them are your parents’ potential long-term care needs and their overall estate planning. These are major issues for your parents to address, which can make it hard for them to get around to putting the...
When you execute a will, your intent is to express your final wishes so that they are carried out when you’re gone. What you don’t want is your beneficiaries fighting or challenging your will, and thereby frustrating your wishes in the process. To prevent this, you...
It is important that you have a will to ensure your wishes will be carried out when you are gone. If you have a valid will, you will save your loved ones a lot of time, confusion and money. Of course, once you have decided to write a will, you have to figure out what...
Having kids is not important or desirable for everyone. You and your spouse may identify as “dual income, no kids.” However, estate planning for those with no kids can be different from estate planning for those with kids. It becomes even more important if you do not...
As younger generations transition from their childhood to adulthood, more and more Millennials are beginning to estate plan, and rightly so. Even though it is always recommended that everyone at least has a will, as Millennials pass more and more major life events,...
When people in New Jersey and elsewhere finally begin the process of planning out their estate, it can be overwhelming to decide on what is most important. Often, we focus only on the financial aspects and how to distribute accumulated wealth to loved ones. But there...
Now, more than ever, it is apparent that life comes with many unexpected events. One never knows what lies around the corner, making it imperative to consider many what-ifs in life no matter a person’s age or phase in life. Illnesses, injuries and freak accidents do...
Just like everything we do in life that involves the law, there are pitfalls. So, to is the estate planning process. There are things that we may do for reasonable reasons, but that can have a negative affect on our estate plan. Joint ownership Throughout our...
