Haddonfield Estate Planning And Small Business Law Blog
Is a person liable for their deceased spouse’s debt?
The death of a spouse is a traumatic event for a family. Besides the intense grief that the death of a spouse brings, there is also a lot of paperwork and other details to get through. While going through a spouse’s affairs a person may find they had a credit card...
How to talk to your aging parents about estate planning
Discussing the future can be easy when you’re making fun vacation plans or are looking forward to a significant milestone such as marriage or the birth of a baby. But when it comes to difficult topics – like what will happen after your parents pass away – those...
Tom Petty’s daughters and widow embroiled in lawsuits
Creating a thoughtful estate plan takes time and effort. Usually working with a knowledgeable and experienced estate law attorney is the best option for avoiding interfamily squabbles and disputes involving a business or assets. Unfortunately, this has now embroiled...
Can I update my estate plan during my divorce?
If you are a newly separated person and you and your spouse are preparing to get a divorce, you know that every aspect of your life may feel up in the air right now. It can be overwhelming to be faced with a seemingly unending list of decisions to make, yet you must...
What is the cy pres doctrine?
One of the advantages of creating a charitable trust is that it allows you to continue to fund worthy causes in perpetuity. However, problems can arise specifically because of the enduring nature of a trust. Due to changes in circumstances over time, it may become...
Benefits of charitable remainder trusts
For people who are philanthropically minded and able to make sizeable donations to charitable organizations, combining their donor activities with their estate planning can be wise and beneficial to both their intended charities and to themselves. A charitable...
What is a noncompete agreement?
If you are a small business owner or looking to work for one, you may be interested in the subject of noncompete agreements. A noncompete agreement is a clause as a condition of employment that does not take effect until after the employment agreement between employee...
Battle for control of Aretha Franklin’s estate continues
No matter the size or scope of one's estate in Haddonfield, the estate planning process can be quite complicated. It is for this very reason that estate planning experts recommend that those involved in it be as transparent as possible. Many experts might also say...
Responsibilities of an executor
Many people assume they will be named as the executor of a parent's will, but that may not always happen. Wise adults do not simply identify a person to be a will executor based on familial relations. The job of an executor should be thought of as just that - a job -...
Is estate planning different for a blended family?
No longer is it uncommon for a person to get married more than one time in their life. A remarriage may happen after the death of a first spouse or after a first marriage ends via divorce or an annulment. Regardless of how a previously married person finds themselves...
