Whether you’ve watched the story unfold in the national media after a celebrity passes away with an unclear estate plan or no plan at all or whether you’ve witnessed a friend or family member go through the same process, there’s a good chance that you’ve seen drama unfold without the proper planning procedures. There[...]
Do you have enough life insurance or a policy at all? Life insurance is an important part of the estate planning process. You may even want to make use of an irrevocable life insurance trust to give you more protection. In these situations, the right lawyer can make a big difference. You probably are[...]
A will is the most basic of estate planning documents, but it also plays a crucial role in assisting with passing on your property after you pass away and to ensure that those assets will be transferred according to your wishes. There are four primary things you need to keep in mind as you[...]
A living trust may also be referred to as a revocable trust. This means that you can cancel it or change it and update it over the course of your lifetime. For example, you may wish to change the beneficiaries or the trustees as your life goes on. It is also effective during your lifetime,[...]
People make plenty of excuses in order to put off planning for their own mortality. Perhaps you think that you don't have enough assets to warrant an estate plan or it's simply too uncomfortable to think about no longer being around. However, estate planning has many important components whether or not you are planning ahead[...]
The New Jersey estate tax was a hot topic this last year with New Jersey legislators primarily because of increased concerns about individuals approaching retirement and beyond who were leaving the state in order to avoid having a significant chunk of their estate paid out in taxes when they pass away. Many of these individuals[...]
Did you know that any will can be contested? An heir or beneficiary can bring forward an official legal challenge to contest a will. What is important before putting together your will is to understand the why and the how of all will contents, so that you can prepare a last will and testament that[...]
Now that Donald Trump has officially secured the presidency in the United States, it's important to think about his proposed tax plan and what this would actually translate to for Americans. One of the most important things to understand is that Trump has gone on the record multiple times discussing his desire to eliminate the[...]
If you have begun to notice that a loved one is showing the signs of being afflicted by Alzheimer’s or another type of cognitive dementia, you need to consult with an estate planning attorney as soon as possible. One of the most important elements of planning ahead with Alzheimer’s has to do with time, whether[...]
Perhaps it comes as no surprise with nearly half of Americans having no estate plan or will at all. But new research indicates that people in the United States are vary of estate planning and retirement planning. Many of these individuals feel in over their head and concerned about what steps to take next. Others[...]