Estate Planning

When you appoint someone the executor over your New Jersey estate, you give that party several specific responsibilities. Typically, it is the executor’s job to close out financial accounts, inventory assets and notify and distribute those assets to your intended...

Your New Jersey estate plan does not have to be complex to prove effective, but there are certain elements most estate plans should include. A durable power of attorney, also called a financial power of attorney, is one such element, and there are certain things to...

Many people in New Jersey wait to create an estate plan until they experience a major life event, such as a marriage or the birth of a child. However, having an estate plan helps you maintain control over several key aspects of your life, regardless of whether you...

During your estate plan, you have to choose your executor. According to CNBC, your executor is the person who makes sure that medical professionals, families, friends and the legal system honor your wishes when you die. Choosing an executor is a critical part of the...

The executor of your estate will hold the most important position. This is why it is crucial to determine in advance what person you want carrying these duties. But to do that, you need a good handle on what those duties are in the first place. Exactly what sort of...

A New Jersey estate plan helps you maintain control over your health and financial affairs. It may also help you accomplish a wide range of specific objectives. While virtually all New Jersey estate plans include wills, state residents are increasingly recognizing the...

Having a New Jersey estate plan in place helps you maintain control over your financial, medical and personal affairs. It may also lead to other benefits, such as your beneficiaries getting their hands on what you leave behind faster than they would otherwise....

A vital part of the estate planning process is recognizing (and optimizing) those opportunities to preserve assets for one's beneficiaries in New Jersey. Estate administration can be a costly process, so making plans to avoid probate or settle debts prior to one's...

Having an estate plan can help you visualize your future and plan for the needs of your surviving family members. However, forgetting to keep it updated may interfere with its ability to function the way you intend. Periodically reviewing your plan can help you verify...

Even passive news watchers have likely heard about the new legislation known as the Build Back Better Act. If passed, this new $3.5 trillion BBB Act will change the Tax Code, which will affect estate planning. Though, as it has not passed, we do not know which changes...