A will is an essential part of any estate plan, as it specifies how your property will be distributed after you pass away. Passing intestate, or without a valid will, can lead to many issues for the decedent’s surviving family members. Laws pursuant to will writing...
New Jersey residents likely understand how important it is to have an estate plan in place. Despite the important role in serves, many will postpone drafting these documents because they do not want to think about his or her own death or a situation where they are...
Many people in New Jersey have an entrepreneurial spirit and a gem of an idea, and they will decide to start their own small business. When doing so, they will have to select a business structure. The following is an overview of some common business structures new...
Establishing a limited liability company to anonymously purchase property was a method to launder illegal money until recently. A new law passed last year, the Corporate Transparency Act, closed loopholes. But new legal requirements could impact and delay real estate...
Power of attorney is one of the most important estate planning documents a person can create. A POA is a legal document that grants authority to an individual to make financial and potentially medical decisions for another person upon incapacitation. For those wishing...
In New Jersey, a common concern for property owners is the hefty taxes that they pay. The current and ongoing health crisis is making it increasingly difficult for residents, so much so that the state’s congressional delegation is asking for concessions as part of the...
Just about everyone is looking to save money one way or another. Unfortunately, for many people estate planning falls pretty low on the totem pole of priorities, so they often skip out on seeking assistance from a skilled estate planning attorney. Some people choose...
Estate planning can get complicated fast because there are so many options, and because there are so many options, appropriate estate planning is highly individualized. After all, everyone has different wants, needs and income levels. This is why one-size-fits-all...
When it comes to estate planning, people sometimes get confused about what will get taxed and how it will affect their estate once they are gone. No matter how well-intentioned you are about bequests, not considering all tax angles beforehand can lead to a smaller...
Individuals often take great care when developing a comprehensive estate plan. From determining who should act as a health care proxy or guardian for minor children to deciding which assets go to which heirs, people can often get caught up in the big, important...