Estate planning in New Jersey is making decisions about your assets and property distribution after you pass away, and if your parents haven't started this process, it could be a good idea to discuss it with them. Estate planning includes creating a will, naming...
One thing all New Jersey residents with significant assets should concern their selves with is estate planning. If you don’t, your wishes for who will receive your inheritance may go unfulfilled after your death. While you may want to live forever, planning your...
2022 brought several changes to estate planning laws. New Jersey residents would learn how these changes affect their final wishes. Losing a loved one is challenging, and the added burden of asset allocation increases anxiety. Adjustments to gift taxes, estate...
Estate planning helps to ensure that your New Jersey assets are distributed according to your wishes after you die. Unfortunately, the process can often be overwhelming and in some cases costly. However, there are several things you can do without spending a fortune....
Estate planning allows you to establish your wishes on dividing up your assets. It also permits you to place a responsible and trusted individual in charge of your New Jersey estate in case you become incapacitated through an illness or accident. These important tasks...
Estate planning is an essential process for New Jersey households to ensure their assets are distributed according to their wishes after they pass away. Several tools are available to help households plan their estates and protect their loved ones. Wills One of the...
A letter of instruction makes it easier for family and friends to manage a will and estate. Anyone who creates this document can mention any detail that relates to a decedent's remaining estate in the letter. The main purpose is to improve the speed and efficiency of...
When you pass away, items that remains in your estate may be subject to probate. During probate, a New Jersey judge will verify that your will is valid and take care of any other issues that need to be resolved. A representative named within your will or by the court...
As your life changes, so will your needs for your estate planning. Generally speaking, New Jersey residents should consider updating their will and other estate documents every three to five years. However, there are many other life circumstances that can mean it’s...
Probate is usually the first step toward settling an estate after someone dies. In New Jersey, probate is relatively simple in most cases. Probate process Unlike some other states, New Jersey does not have a separate probate court. Instead, the named executor in the...