Balancing Estate Planning and Your Retirement Assets
Incorporating Your Retirement Assets Into Your Estate Plan Whether you are already retired or just planning for your future, aligning your assets with your goals is central in your estate planning. Do you want to contribute to your favorite charities or leave most of your assets to your next generation after you pass...
Types of Trusts From a Legal Perspective
Important Information About Different Types of Trusts According to a survey, over half of Americans don't have a living trust. If you're one of these Americans, you may want to explore your options. This guide will help you get started. What Is a Trust? In order to set up a proper trust, you must fully understand...
How to Tell If a Holographic Will Is Valid in Your Area
Is a Holographic Will Actually Valid? Over half of all states allow people to use a holographic will to bequeath their belongings to others. However, this type of will has some unique requirements if you want it to be legally valid. Whether it can actually be used after your death depends on a few factors. What Is a...
Easy Ways to Secure Your Child’s Inheritance
Strategies to Protect a Child's Inheritance From a Stepparent The divorce rate for those over the age of 50 has increased significantly since 1990. Therefore, it's possible that you'll eventually be in a relationship with someone other than your child's biological parent. If you predecease this individual, it's...
Types of Debt You Must Pay During the Probate Process
How the Probate Process Handles Debts If your loved one has recently died and has left property, a mortgage, and some debts, it's likely that the estate would be taken through the probate process. In 2016, only 44% of people in the U.S. had created an estate plan. In the event that your loved one had debts at the...
Do Blended Families Need Estate Planning?
Is Estate Planning Necessary When You Have a Blended Family? There are thousands of blended families in the United States, and the number grows every day. With this being the case, the services of an estate planning lawyer are more necessary than ever. Estate Planning for Blended Families Estate planning is necessary...
Things You Can Do With a House You Inherited
What to Do When You Don’t Want an Inherited Home When someone dies in New Jersey, the deceased’s will must go through probate before the heirs can take possession of the property. Then you can decide what you will do with an inherited home. Wait for the Probate Process to End Inheriting a house means that you will...
How to Update Your Estate Plan After a Divorce
Should You Update Your Estate Plans After a Divorce? With a sizable percentage of all marriages ending in divorce, most people understand the basics of things like negotiating child custody and dividing assets. However, one important thing that divorcing couples often overlook is estate planning. After any divorce,...
The New Jersey Probate Process
Probate is when the deceased’s instructions that were documented in a will begin to be carried out. It starts after the person dies. During this procedure, the court ensures that the will is genuine. The Responsibility of the Executor An executor of a will has a tremendous responsibility to complete several actions....
Are Your Heirs Responsible for Paying Your Debts?
In most cases, your creditors will not be able to pursue your heirs if there isn’t enough money in your estate to cover all the financial obligations. The one exception would be your spouse. After a spouse dies, his or her debts remain on the books and they still need to be paid off, meaning that they will be among...