Haddonfield Estate Planning And Small Business Law Blog
Remarrying New Jersey couples need to consider estate planning
When a New Jersey couple decides to get remarried they probably don’t consider the importance of estate planning. Generally, considering one’s assets and other important matters after their death is usually the farthest thing from an engaged couple’s mind. However, if...
How to start the estate planning process
Unfortunately, this year has been marked by death. It is all around us, and if one turns on the TV or opens a web browser, it dominates the news. And, especially for those of us with kids, there is a drum beat to get an estate plan done, sooner rather than later....
Don’t forget to include digital assets in your estate plan
Individuals of all ages need to take the time to develop a comprehensive estate plan. This set of documents allows people to determine and clearly state inheritance, powers of attorney, trustees, guardians and countless other factors. It is crucial, however, to...
Deciding which business structure is best for your business
For New Jersey business owners who are just starting out, choosing a business structure can be a difficult decision. Each type of business structure has its pros and cons, so it may be beneficial to speak with a small business law attorney to help determine which...
Requirements for an advance health care directive
It is a misconception that estate planning only involves executing a will. While a will is an important legal document for New Jersey adults to draft and execute, there are other tools that individuals can and should consider creating in order to protect their...
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...
