Haddonfield Estate Planning And Small Business Law Blog
Dying without a will: Who gets what?
A will lays out how a New Jersey resident wants their property distributed upon their death. This means if someone dies without creating a will, the intestacy laws of that state dictate how property will be handled. This means the decedent’s bank accounts, real...
How probate can disrupt a business
Your business is not inherently immune from probate – the lengthy, time-consuming, often-expensive legal process that occurs following one’s passing. Without proper preparations, this means the business’ operations can be derailed and held up indefinitely, potentially...
How probate works in New Jersey
Probate takes place after a person dies to assure that their estate is distributed correctly. There are many things to know about probate if you are preparing your estate plan, you rea a beneficiary or you were selected as the executor responsible for probate and...
Estate and inheritance taxes and how they affect estate planning
One of the things that many people forget about when estate planning is state taxes. While many know about federal taxes, sometimes they forget about state taxes. In New Jersey, depending on when the person passes, there may be two, estate and inheritance taxes....
What constitutes a legally binding business contract?
Contracts are often the backbone of most business dealings in New Jersey. Therefore, it can help for business owners in the Haddonfield area to have a basic understanding of what constitutes a legally binding contract. The following elements must be met for a contract...
Working through probate and estate administration issues
Most people in New Jersey never have any contact with the court system outside of, perhaps, a traffic violation. That’s why when you have been named the executor of a deceased loved one’s estate, you may have a wide variety of questions about the process. Working...
Purchasing an existing business versus franchising
Some budding entrepreneurs in the Haddonfield area may wish to own a business but starting a business from the ground up is not their only option. Sometimes a person would rather buy an existing business or even purchase a franchise. The following is a brief...
When should I make an estate plan?
Estate planning offers those who make one for themselves (known as a “Testator”) peace of mind towards their future. Establishing wills, trusts, funeral wishes, and healthcare directives allows a testator to see that they have protected their best interests for years....
Estate planning may need an update with the current health crisis
It is always a good idea for New Jersey residents to have an estate plan regardless of the circumstances. However, when there is a national health problem in progress, that can make it even more vital to have estate planning documents or update the ones that are...
Estate planning not just for the elderly
Much like estate planning is not for the old, considering elder law issues is not something for just the elderly to consider and work through. A young adult at the ripe age of 18 could begin this process; however, no matter when an individual begins the elder law...
