You took time to plan your estate so that your loved ones understand your end-of-life wishes and know how you want to handle your assets. Do you know how to discuss the contents of your estate with those closest to you? To help, Fidelity offers tips on starting the...
Month: January 2021
Understanding the probate process
When someone dies and has assets, the distribution of the assets and property go through probate. This is a legal process, and it occurs whether or not the person had a will. Probate may seem daunting, but in most cases, it is a fairly simple process as long as there...
What is a credit shelter trust?
New Jersey residents can potentially minimize future estate tax with a credit shelter trust. This trust allows your surviving spouse to inherit the trust and pass it along to your children when he or she dies without incurring tax. If you have estate planning on your...
What should you know about New Jersey powers of attorney?
If part of your estate planning includes executing a durable power of attorney, you should familiarize yourself with New Jersey’s requirements. As FindLaw explains, your POA likely will grant someone else, called your attorney in fact, the right to make health care...