Usually, people think that creating an estate plan is a task for later in life, but unfortunately this approach can leave your loved ones unprepared. Whether you have a modest estate or substantial assets, planning can help you ensure your wishes are honored and your...
Estate planning
The importance of updating your estate plan
Estate planning is not something you do once and forget about. It is an ongoing process that every adult should begin early in life. Life changes, your circumstances will change, and so should your estate plan so it reflects your wishes at any given moment. Key...
Don’t let your legacy be a legal maze: Common estate planning mistakes
Estate planning is a crucial step in securing your family's financial future. It allows you to determine how your assets will be distributed after your passing, minimizing confusion and potential conflict for your loved ones. However, navigating estate planning in New...
Why you should consider powers of attorney for your estate plan
It is difficult to consider what will happen if you are ever in a place where you cannot speak for yourself. While it is not pleasant to consider your own mortality or the possibility of incapacitation, it is necessary to do so for your own sake and for the sake of...
Discussions about estate planning are important
Speaking about one’s own mortality can be a difficult conversation to have. No one likes to consider what life will be like after he or she passes away, but it is important for every adult to think about the future and make appropriate plans. Through estate planning,...
Should you add a special needs trust to your estate plan?
One of your primary goals for your estate plan may be to take care of your family long after you have passed. You can accomplish this by designing your plan in a way that will allow you to set aside money, protect your assets and ensure that your money ends up in the...
Don’t forget your digital assets in your estate plan
When planning for the future in your estate plan, you understand the importance of accounting for your physical property. You have the right to have the final say over what happens to your assets, including your belongings, real estate and more. However, it is...
Why shouldn’t you try to administer an estate alone?
The process of settling an estate after the death of a loved one is not always easy. In addition to the grief that a family is navigating during this time, those left behind will likely have the obligation of handling remaining assets, as well as settling final...
Building up the funds for a special needs trust
You have thought long and hard about this: how to fund a special needs trust and how much you need to have. The odds are great that you and your spouse will outlive your adult child with special needs who require 24-hour care. The two of you have managed with some...
When is it time to update an existing estate plan?
Creating an estate plan is an important step for all New Jersey adults. Regardless of age, the size of the individual estate and income, having a legal and financial plan in place is an important step that will provide you with security and peace of mind. However,...