Many baby boomers have typical guesses about how long they might live, but this could turn out to be completely wrong. Many early retirees and pre-retirees think of their parents' generation as a reference point, expecting that they will likely live as long as their parents. However, longevity data goes against this and shows that[...]
There are many different reasons why you may choose to pass on assets to your loved ones in a trust. Most people will also leave behind a will that outlines the transfer of their property but a trust has multiple benefits. First of all, you have greater control over the property placed inside a trust as[...]
If you're just getting started with your New Jersey estate planning process, one of the most common questions you may encounter is whether or not you should have a living trust or a will. Both of these tools are very important for your estate planning portfolio. One of the most important things to remember is[...]
It can be a major mistake to wing your retirement planning and hope that things will work out for the best. Saving money for your retirement is certainly important but you also need to think about several careful issues as you approach the process of estate and retirement planning. These include: • Thinking about inflation[...]
may seem tempting because it could be a true surprise to give to one of your loved ones if you plan to pass these assets along. However, you might want to think about planning ahead to pass on these distributions instead. While it might remove some of the elements of surprise, a comprehensive estate plan[...]
Although you might believe that you don't have a significant amount of assets, every individual has an estate. Your estate is made up of everything you own, including life insurance personal possessions, savings and checking accounts, investments, real estate, your home, and your furniture. To ensure that your wishes are carried out with the transfer[...]
Most spouses can come together on the basic tenants of putting together an estate plan, but things can become tricky if one parent is more trusting of a child's ability to control money than his or her spouse is. There are many different estate planning tools that you can use to help accomplish your goals[...]
In a story recently covered by a New Jersey 101.5, many couples are thinking about the benefits of having a life insurance plan in place. It makes a great of sense to have a life insurance plan and goal in order to protect your family's financial future. If you have a life insurance policy that will help[...]
Before you hire someone to help you with the process of estate planning in New Jersey, you need to evaluate the attorney. Deciding who to work with is a process of examining that individuals experience, commitment to you, and general personality. Since an estate planning attorney is someone who you will interact with potentially for[...]
Even if you spend the time meeting with your estate planning attorney and follow up annually to make changes, it can be frustrating for your loved ones to have no idea where to look for your final wishes when you pass away. It can also be a mistake to include your burial instructions with your[...]