How Can I Alter My Will? According to New Jersey law, a will can only be altered by the execution of another will or codicil that explains the desired amendment. A codicil is an additional legal document that amends but does not replace a will. The execution of a codicil must meet all the standards[...]
New Jersey residents can expect to live longer lives than ever before. Unfortunately, residents who live longer lives will also be exposed to the staggering costs of long-term care. This necessarily means that there will be less money to pass on to the next generation. As a recent article explains, however, this will likely not[...]
For New Jersey’s baby boomer residents who still do not have estate plans, planning needs to be on the top of their to-do list for the new year. A recent article discusses several important estate planning tasks that should be done as part of any estate plan. Create a Will and Trust: While this may[...]
Many New Jersey residents have executed a living will as part of their estate planning documents. A living will is important, because it informs your loved ones, as well as those providing you with medical care, of your wishes for end-of-life care. As a recent article explains, however, your living will may not be as[...]
The recent death of “Sopranos” actor James Gandolfini has sparked a national commentary on the wisdom of his will. A recent article outlines several estate planning lessons that people should learn from Gandolfini’s will. Foreign Property is Treated Differently Gandolfini was lucky enough to own property in Italy. In his will, he left the Italian[...]