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[...]
There are many individuals who understand the basic benefits of estate planning, but they fail to realize that leaving their beneficiary designations the same from their initial estate planning meeting can be devastating. This is because there are several assets that fall outside of management by a living trust or a will. You need to[...]
While you will certainly need a will as your basic estate planning tool, you may also choose to use a revocable trust. There are several different reasons why revocable trusts can be seen as advantageous when compared with wills. Flexibility A revocable trust that has been funded may allow you to list out of state[...]
There are four primary estate planning mistakes that individuals all across the wealth spectrum are guilty of but there are important lessons that can be drawn from celebrities who have made these mistakes as well. Not Having a Will Singer, Amy Winehouse, passed away without a will at age 27 leaving behind a $6.7 million[...]
Although it is mostly common knowledge that any individual can create a special needs trust to help a beneficiary with a sever disability, it can be a mistake to attempt to do this on your own. Certain language is required inside special needs trust that protects these funds and the beneficiary of the trust itself.[...]
These days it is just as important to plan for what will happen to your digital assets as it is for your other assets. This is because many individuals do not realize that the accounts and passwords they currently have may not easily be accessible by their loved ones after they pass away. Thankfully, you[...]
There are several important considerations that you should factor in to the process of putting together a will in New Jersey. Working with a knowledgeable estate planning attorney can help ensure that you are in compliance with all relevant state laws and regulations and that you have a document that is in line with your[...]