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Haddonfield New Jersey Estate Planning And Small Business Law Blog

Will your probate get stuck in the mud?

Probate is one of those mysterious events that most people misunderstand. You may have heard from others that the purpose of estate planning is to avoid probate. While planning well to avoid probate may spare your estate some money in the form of taxes, few people take the time to make those plans, leaving loved ones to face the uncertainty that accompanies the settling of an estate.

One of the most common questions people have about probate is how long it lasts. You may have read of celebrities dying without a will whose probate languished for years. Perhaps you have personal knowledge of someone whose heirs came into their inheritance almost immediately. Why do some probates take so much longer than others?

Administering an estate means many responsibilities for executors

Accepting the role of estate executor is a serious responsibility. Many people take numerous aspects into consideration before they choose an executor, and a loved one may have approached you to take on the position. Though you understood the importance of the decision, you may not have fully known what actions you would have to perform when you agreed to become executor.

Administering an estate requires that the executor follows certain legal steps and attends to the deceased's final wishes as necessary. These actions may seem straightforward, but probate and estate administration proceedings can take a considerable amount of time and effort. If any disputes arise, the process can go on for even longer. In order to prepare to act as executor, you may wish to understand the following duties.

How a living trust can protect your business in a divorce

You thought you had it all. You met the love of your life, got married and bought your dream home. You finally dropped that last 15 pounds and even ran your first marathon. You worked up the courage to quit your job and started your own publishing company—which has been thriving.

Suddenly things went south. Your relationship hit the rocks. Things were said and done that can’t be taken back, and now you’re facing the prospect of divorce. To add salt to the wound, you also stand to lose part of your business to your spouse. In a flash, everything you hold dear could be taken from you.

What should you consider when looking for a guardian?

Your children are undoubtedly the most important part of your life. Though you may wonder whether you are doing a good job as a parent, you certainly do your best to ensure that your kids feel loved and are well taken care of. You may hope that you will have the ability to always provide that care for your children, but you likely know that the possibility of death, incapacitation or serious injury can result in your children needing a new guardian.

You may feel uneasy with the idea of someone else caring for your young ones. To calm this undesired feeling, you may want to appoint a guardian yourself. During your estate planning process, you can include your wishes for an individual or individuals to act in this role. Before you choose a guardian, you should consider various factors.

Does an employer want you to agree to restrictive covenants?

After a long job search, you may have finally received an offer that has you feeling excited. The position may allow you to use your skills and education while also offering a comfortable salary. As a result, you may feel ready to jump right in and get started to get your career on an upward path.

Though your enthusiasm may be warranted, you may want to proceed with some caution. If your prospective employer wants you to sign an employment agreement, you could grab a pen and sign on the dotted line. Before you sign the agreement, you may first want to understand the terms and any restrictive covenants included.

Why small businesses need employee handbooks

Many small business owners in New Jersey have to make do with less. They need to make hard choices about where they spend their limited time and money. One important decision that small business owners must make is whether they need an employee handbook.

An employee handbook gives workers a clear idea of what a business expects from them in the workplace. The policies outlined in a handbook can protect workers from a hostile environment and prevent expensive lawsuits against a business. This post will review why small businesses need handbooks and the necessary information that every handbook should include.

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