Determining the appropriate party to name as your estate plan’s executor is vital. You should choose someone with qualities you consider crucial for performing the expected duties. After finding the person you believe is well-suited for the job, you need to officially...
Divorce marks a significant shift in your personal and legal affairs, including your estate plan. In New Jersey, some parts of your estate plan may change automatically once a divorce is finalized, while others require direct action. Understanding which provisions are...
Executing a will is a wise and responsible decision. A will ensures that your assets will go to heirs and beneficiaries of your choosing after you pass away. However, sometimes life circumstances change and you may want to revoke or modify your will. Marriage, divorce...
It can take a lot of courage to face your own mortality and develop a thorough estate plan. As a result, once that plan is in place, you might breathe a sigh of relief. While drafting your initial plan is a major accomplishment, it’s important to realize that the...
An executor is someone chosen or appointed to oversee the administration of an estate after someone passes away. An executor is chosen by the testator or appointed by a court. There are many responsibilities that come with serving as an executor. Identifying and...
As a business owner, you have likely thought about the future of your enterprise. Whether you hope to keep it within your family or sell it to secure a financial future, your choices today will shape its tomorrow. Without a comprehensive estate plan, your business...
As a homeowner who has poured your heart and soul into your family home, you might want it to pass down to your children or loved ones as a lasting legacy. But have you taken the time to ensure this? If you own real estate in New Jersey, understanding how you can...
You might think estate planning is all about deciding who gets what. However, a crucial factor often goes overlooked: testamentary capacity. This legal term refers to your mental ability to create a valid will. Understanding its importance and how it could affect your...
Have you ever wondered how best to manage your assets and protect your legacy? A revocable trust might be the answer you are looking for. This powerful estate planning tool offers flexibility and control while potentially simplifying the transfer of your assets to...
When you write a will as part of your estate plan, you want to ensure the terms are legally valid and strong enough to withstand any challenges. A family member or loved one challenging the terms of a will often causes unnecessary grief and stress for the whole...
