Creating your estate plan is crucial, but you cannot simply create it and then leave it alone. You must keep it updated to ensure it reflects your most recent life circumstances. In order to do that, you need to review your estate plan every now and then. But can you...
Estate plans give families knowledge, reassurance and comfort after their loved ones pass away. For the planners, an estate plan can provide financial security and protection from fraudsters. An estate plan that complements a person's lifestyle and personal...
When you die, your heirs inherit your property and assets per the provisions of your last will and testament. Alternatively, if you live in New Jersey and die without a will, the state's laws of intestacy determine who inherits your property and in what proportion....
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...
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...
New Jersey residents like you work hard on your estate. It makes sense to work just as hard on your estate plan. After all, you want the transfer to go as smoothly as possible after your death. To ensure this smooth transition, you must have an intelligent, capable...
Past posts on this blog detailed the fact that New Jersey residents face the potential of their estate being subject to tax once they pass on. With proper planning, however, they may be able to limit that potential liability. Does the same hold true for federal estate...
If you are setting up an estate plan, there are a number of different topics you need to explore, from the financial impact of choosing a particular type of estate plan to taxes and dividing assets among beneficiaries. However, if you are the parent of a young child,...
New Jersey residents may recall hearing about the 44-year-old Dominican immigrant who recently won the Powerball jackpot. According to northjersey.com, the man opted for a lump sum payment of approximately $211 million, which was reduced to $152 million after taxes....
It is that time of year again. January is typically when New Jersey residents turn their backs on the past year and focus on goals for the next. While some New Year resolutions may seem trivial, estate planning goals are not. If you do not have a will – or have not...