Losing a loved one is a trying time. Sadness, loss and shock are common. Though, questions about contesting wills are not uncommon either. This is particularly true when complicated and heated family dynamics are involved. And, if you find yourself in a situation...
Estate Planning
How can a will address securities after it is written?
In New Jersey, when a person writes a will or uses another estate planning option, they detail how they want their property to be distributed to their heirs after they have died. In some instances, it is relatively simple. For example, they might have a home,...
What is the difference between heirs and beneficiaries?
Estate planning involves a lot of decision-making, and one of the most important decisions you’ll need to make is who receives your assets when you pass them on. This is where the two terms, heirs and beneficiaries, come in. You have probably noticed that many people...
What is a dynasty trust, and why might you need one?
Understanding the nuances of a dynasty trust can be a game-changer as you navigate the intricacies of preserving and passing on your wealth. A dynasty trust is not just a legal structure; it's a safeguard for your financial legacy. Unlike conventional trusts, this...
How is property passed along if it’s not listed in a will?
People in New Jersey who take the time to write a will do so with the intention of making sure their property goes where they want it to after they are gone. Despite that, simply having a will does not mean all the potential challenges are solved. Some do not want to...
What are the duties of an estate executor or administrator?
You can designate someone to be your estate's executor or administrator in your will. This person is responsible for completing tasks involving your estate, such as filing essential documentation and distributing your assets. Naming someone for this role can be...
Avoid disputes by making sure a will is properly executed
In New Jersey, having an estate plan is a wise step to make sure that a person’s property is protected and goes where they want it to go after they have passed away. The document that most people choose to use for their estate planning needs is a will. When creating a...
Are holographic wills valid in New Jersey?
Wills are the most common tool in estate planning. There are different kinds of wills an individual can make – simple, living, verbal, digital and so on. But while there are different types of will a testator can draft, it is crucial to know that not all states...
Why do I need a lawyer when creating an estate plan?
An estate plan can help give your loved ones some peace of mind after you pass on. It can help prevent conflicts over your assets and ensure that those you leave behind, such as your young children, have someone who will care for them in your stead. Many people seek...
What happens if someone dies without a will?
Losing a family member could disrupt a household, causing overwhelming stress and grief. Unfortunately, the family could also experience confusion if the deceased has no will. At this moment, all decisions regarding the estate are up in the air. However, New Jersey's...