Estate planning is an important part of growing older. As you age, you start to collect more assets, develop relationships with others and gain the understanding that you won't always be here. You want to leave assets behind to those you love and to protect yourself...
New Jersey Estate Planning and Probate Law Blog
You could easily make one of these estate planning mistakes
There are people who spend a lot of time on the estate planning process, as well as those who put it off for as long as they can. Regardless of your current situation, it's critical that you take steps to prevent estate planning mistakes. One mistake can cost you...
What is the New Jersey estate tax?
An estate plan directs where a person wishes their wealth and assets to go, such as to their loved ones, friends and charities after death (also known as, the decedent). However, there is another place the estate assets may be sent depending on the organization and...
How may fraud factor into the administration of a will?
Fraud is a legal concept that is often tied to the criminal justice system. When a person commits fraud, they have or have sought to have themselves enriched through deceitful actions or omissions. Claims of fraud often arise in business settings, but New Jersey...
Understanding probate for estate planning purposes
Probate is a complicated legal process that can take time and legal knowledge to get through. It can be beneficial to readers of this New Jersey estate planning blog to discuss their probate questions with attorneys who are familiar with their estate planning needs....
How does a power of attorney fit into an estate plan?
Estate planning should be based on the individual needs and desires of plan creators. While many of the estate planning tools that are included in individuals' end of life plans focus on how their property will be dealt with after their deaths, some serve the...
What does it mean to be of “sound mind” when planning a will?
Executing a will is an important legal process that can alter the way a person's estate and assets are distributed when they pass away. Because of this, some beneficiaries may be greatly enriched by a loved one's estate plan. Similarly, some who feel as though they...
A review of the federal gift tax
During the holidays, over loved ones' birthdays and for other special occasions, New Jersey residents may relish in offering to their friends and relatives tokens of their love and appreciation. These gifts may range from modest items of personal meaning to lavish...
Fitting digital assets into an estate plan
Digital assets are emerging as a new source of investment and wealth for individuals all across the United States and even the world. In New Jersey, residents may not be familiar with cryptocurrencies like Bitcoin and other online only resources that individuals may...
Laws of intestacy in New Jersey
Intestate succession is a complicated area of estate administration law. It becomes applicable to the estate of a deceased individual when that person passes away without having first executed a valid will. As our readers in New Jersey may know, a will is a legal...