These Estate Planning Documents Are Essential During COVID-19
Important Estate Planning Documents During COVID-19 With COVID-19 spreading across the globe, many people are starting to think about the "what if" scenarios in their lives. After all, there have been more than 1.5 million reported cases in the U.S. Before you start to worry, there are some essential documents that...
Can You Still Finalize a Will or Trust During the COVID-19 Crisis?
Signing and Notarizing Wills During the Pandemic The most common reason a will is contested is because someone claims it was not properly executed, so you need to carefully observe notarization and signing laws if you want to spare your loved ones any legal issues following your passing. However, creating a will that...
Why You Need a Revocable Living Trust Right Now
COVID-19 Makes Revocable Living Trusts More Attractive New Jersey has 21 counties, and the courthouses in all of them closed during the COVID-19 lockdown. Since probate depends entirely on the court, estate owners should opt for a process that eliminates the need for judges to supervise the distribution of assets....
Understanding How COVID-19 May Affect Estate Planning
Make Sure Your Estate Plan Is Prepared for Coronavirus With over 2.6 million confirmed cases worldwide, almost everyone is guaranteed to be affected by COVID-19 eventually. Though there is no guarantee that you will catch the disease or suffer dangerous complications from it, these unusual times are still a great...
Taking Advantage of the Down Market for Estate Planning
Being Opportunistic With Estate Planning During COVID-19 COVID-19 has unleashed a wave of selling on Wall Street, which has negatively affected stock asset values. The stock market is off nearly 20% as of late April 2020, and the economy seems headed for a long period of uncertainty. You should review your estate...
Getting an Estate Plan in Place Quickly
Completing an Estate Plan Quickly During a Crisis More than half of Americans do not have an estate plan in place, but the coronavirus pandemic may change that. Given the risks posed by COVID-19, many estate planning lawyers are looking to help clients complete the process as quickly as possible. Consider the...
Preparing for a Medical Emergency With the Right Legal Documents
Make Sure Your Wishes Are Followed If You Get Sick Only one-third of Americans currently have advance directives in place that dictate how they want to be treated if they fall ill. There are multiple types of legal documents you can create that make sure that you get the type of care you prefer if you are too sick to...
Do You Need to Update Your Will?
Reasons Why You Might Need to Update Your Will A will should incorporate all your final wishes for property distribution and any other decisions that need to be made at the time of your passing. However, these "final" wishes may not be so final as inevitable life changes could impact the way you want your assets...
Suing a Trustee for Breach of Duty
Filing a Lawsuit Against a Trustee When it comes to dealing with the property of a trust, the trustee occupies a special position. Many people do not realize that a trustee can be sued if they do not do their job properly. In particular, legal action may be warranted if the trustee violates their fiduciary duty. What...
Divorce and Your Estate Plan
Changing Your Estate Plan After Divorce Roughly half of all marriages in the U.S. end in divorce. As you might imagine, the end of a marriage could wreak havoc on a carefully considered estate plan. However, many divorcees delay in updating their wills and trusts. The Effects of Divorce on an Estate Plan Spouses are...