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...
Estate planning
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,...
Digital assets are changing the estate planning process
Planning for the future can be a daunting process as it requires one to consider what will happen after his or her own passing. In addition to the complexity of looking at one’s mortality, it can also be difficult to account for all personal assets and determine what...
Estate planning mistakes could negatively affect your loved ones
Planning for the future is a deeply personal and unique process, one that is specific to the needs and objectives of the individual making the plan. While there is no one-size-fits-all approach to estate planning, every New Jersey adult will benefit from having...
Why do executors need to open an estate account?
Losing a loved one is never an easy event to go through. Even if the person’s passing was expected, time is often needed to work through the grief that this situation present. Still, when a New Jersey estate needs to close, it is important that the probate or estate...
Is life insurance important to estate planning?
Many New Jersey residents and most adults across the country have numerous questions when it comes to estate planning. Though you may know that you need a plan, you may not have a concrete idea of what your plan should include. In particular, the fact that there are...
Do you need help encouraging a loved one to estate plan?
New Jersey residents could benefit from having an estate plan for many reasons. Still, it is not unusual for people to put off planning or even decide that they do not need a plan at all. While creating an estate plan certainly is a personal decision, you may feel...
What estate planning steps should you take as a new parent?
Many New Jersey residents long for the day when they will become parents. You may have had this desire for as long as you can remember, and you felt ecstatic when your little bundle of joy arrived. Like all parents, you will face difficulties while raising your child,...
List a few executor candidates before making a decision
You likely understand that sifting through your possessions, handling your outstanding bills and distributing your assets after your passing will not be an easy job for anyone. As a result, you want to create a plan and leave useful instructions for your chosen...