How a Special Needs Trust Works
When You Should Consider Setting Up a Special Needs Trust Disability benefits like Social Security place a limit on how much income a person can receive before their benefits are reduced. In 2019 alone, disability benefits were paid to nearly 10 million people. To reduce the possibility that benefits are reduced,...
Is It Possible to Disinherit One of Your Children?
How to Disinherit a Child The most common type of beneficiary in a will is the child of the deceased. However, not everyone has children who need or deserve to inherit their parents' wealth. If you are in this situation, there are a few things to know about disinheriting a child. You Are Not Legally Required to Give...
How to Dispose of Digital Assets When You Pass
A trend in estate planning that continues apace with each passing year is associated with the disposition of digital assets upon a person's death. The reality is that an ever-growing number of people accumulate digital assets during life that require consideration when developing a comprehensive estate plan. Digital...
What Makes a Will Valid in New Jersey?
How Do You Create a Valid Will? Did you know that only 42% of adults have estate planning documents in place? If you do not have a will yet, it is definitely time to start thinking about it. When you write your will, you just need to take a few precautions to ensure it is valid. What Requirements Do You Have to Meet?...
What Are Charitable Trusts and Why Are They Used?
All About the Basics of Charitable Trusts As of Jan. 2019, an alarming 78% of American workers were living paycheck to paycheck. If you're lucky enough to have wealth, you should take every possible precaution to ensure your assets go into the right hands after your death or incapacitation. Here, we explain the...
What Are the Reasons to Challenge a Will?
Reasons That You May Want to Challenge a Will Nearly 99% of wills that are made in the United States are not contested. Even so, there are many reasons to challenge a will. A will is the last word of the testator, so the courts give it an inordinate amount of weight. Testamentary Capacity If there is any reason that...
Estate Planning Tips for Young Adults
What Young Adults Should Know About Estate Planning Estate planning is a topic that was once reserved for discussions among an aging population, and those aged 18-34 are only 16% likely to have a will. Nowadays, it's important for young adults to understand that executing a plan early in life can be beneficial in...
Who Should You Pick as Your Children’s Guardian?
How Do You Choose the Right Guardian for Your Children? Each day, almost 10,000 children around the world are orphaned. Though no parent likes to think about the idea of leaving their child, planning for the worst can ensure your family stays safe no matter what happens. When selecting a guardian for your kids, there...
How to Speak With Your Parents About an Estate Plan
Talking to Your Parents About Estate Planning Fifty-two percent of older Americans do not have a financial power of attorney in place, which is why it's important to speak to your parents about estate planning. Before you have the conversation, there are things you need to know to make the process go smoother....
What Happens to Debt After You Pass?
How Debt Is Handled After a Person Passes More than 70% of Americans will die with some outstanding debt, according to the credit bureau Experian. For those with mortgages, the average amount of debt was more than $60,000 in 2016. Estate planning litigation lawyers, therefore, often have to tackle the challenges of...