Consider These Estate Planning Tips
Creating an Estate Plan That Works for You Putting an estate plan into place is a prudent step even for the young and healthy. Estate planning becomes even more important when we enter our golden years. A carefully designed estate plan could ensure that important financial and medical decisions are made by a trusted...
Contesting an Estate Accounting
What to Know About Contesting an Estate Accounting Estate accounting errors can occur for innocent reasons or because of purposely misleading information. Today, we discuss what can be done to address estate accounting issues and how to contest incorrect accounting information. What Is an Estate Accounting? An estate...
What to Do With Your House in Your Estate Plan
Through the year 2045, approximately $84.4 trillion will pass from one generation to the next. Baby Boomers hold the most money out of this figure, and their possessions, including their homes, are all part of the wealth they will pass on after they die. If you are writing your estate plan, you many think about...
Preventing Trust and Estate Disputes
How to Avoid Estate Plan Disputes Each year, thousands of wills are contested in court. This can lead to a lot of stress and unnecessary expenses, so it's best to avoid trust and estate disputes if you can. To help reduce the risk of disagreements, follow these helpful tips. Skip Provisions That Let Your Family...
Contesting a Will Based Upon Undue Influence
How to Contest a Will Because of Undue Influence A will is a binding legal document in New Jersey if it complies with the requisite formalities. This being said, there are times when it may be necessary to contest a will because of undue influence or related circumstances. What Does It Mean to Contest a Will?...
Estate planning for small business owners
Estate Planning Essentials for Small Business Owners There are over 33 million small businesses in the United States. While not at the top of most business owners' to-do lists, proper estate planning ensures a smooth transition and offers financial security to loved ones. Business Succession Planning Small...
Don’t Bequeath These Items to Your Heirs
The majority of people prefer a minimalist style of decor, and some individuals even prefer an overall minimalist lifestyle. After a lifetime of accumulating possessions, your estate plan will likely include a listing of who gets what. However, there are many things your heirs just don't want, and working with an...
Basic Types of Trusts and Their Purposes
While many people agree that it's important to have an estate plan, just 33% of Americans have wills. Among millennials with estate plans, 75.18% have wills while far fewer have trusts. While they are not as common as wills, creating a trust with the help of an experienced New Jersey estate planning lawyer might help...
What to Do About Your Cryptocurrency in Your Estate Plan
Around 59.1 million Americans owned cryptocurrency in 2021, and this number will naturally rise as this digital asset continues to gain popularity. Big companies are investing in cryptocurrency and starting NFTs, which will continue to bring in more people to the space. In New Jersey, it's possible for you to pass on...
Update Your Estate Plan After Finalizing Your Divorce
The average age of a person going through a first divorce is just 30 years old. Even if you're at or near that age, estate planning may be the last topic on your mind. However, working with an estate planning lawyer will help you be prepared for your new future and ensure that the change in your marital status is...