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When New Jersey citizens pass, their will is entered into the probate process. During this process, the executor named in the will must take care of paying off the deceased person's debts and distributing their assets according to their will. This is a position that...
New Jersey adults who want to help their loved ones avoid the probate process after their death can do so using a transfer on death account. This is just one of many of the tools that estate planning has to offer people. If you're unfamiliar with this type of account,...
A power of attorney contract could make things easier for someone who may have trouble managing his or her finances and other affairs. When someone, legally referred to as the "principal," names another person an attorney-in-fact through a power of attorney document,...
Many New Jersey residents are under the misconception that only the wealthy need to go through the estate planning process. The reality is that estate planning is a necessity for adults. It doesn't matter if you have a lot of assets or hardly any. Common topics of...
When you are creating or updating an estate plan in New Jersey, you may be working with a number of different documents. It is important that they do not contradict one another and that when you do updates, you make sure that they are consistent. What is a beneficiary...
Probate is one of the most misunderstood aspects of the estate administration process. Many people in California will do anything to avoid putting their estate through probate, even if it means placing all their assets in trusts. Probate can be stressful, but it...
No matter the type of family, it's likely that some members within it are not exactly role models. Although an estate holder may disagree with the lifestyle choices of certain family members in New Jersey, they are usually still added to an estate place. However, this...
Over the next 25 years, an estimated $68 trillion in assets will be transferred to beneficiaries in New Jersey and throughout the country. If you are going to be leaving assets to your own children or other family members, it is important that you do so in accordance...
Every adult in New Jersey likely knows the basics of estate planning. It's important to have a will and name an executor in it, but that's only the beginning. An estate plan isn't just about the end of a life: It's also about incapacitation and about an individual's...
If you are named as an estate administrator, you have the duty to carry out certain actions to make sure that the decedent's estate is handled correctly. This requires a great deal of time, concentration and organized thinking. However, if you were close to the person...
