Many New Jersey residents have invested a lot of time and wealth into their family business. When they retire, for many reasons they may want to keep the business running. Perhaps they wish to hand responsibility for it down to the next generation. Even if that is not...
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estate planning
Notable intestate deaths show importance of estate planning
Estate planning is a necessary but often neglected aspect of life. In New Jersey and across the nation, people may understand how vital it is to create even a rudimentary estate plan, but fail to follow through. This can lead to problems if the unexpected happens....
Questions to ask your parents to help them start estate planning
Making an estate plan is important for everyone to do. There are many good reasons to have an estate plan and it can be helpful for family members to know what they are and how to talk to their loved ones about estate planning. Questions to ask to help parents begin...
What happens if I die without a will?
Drafting a will is often something that people talk about, but never get around to doing. Although having a will is recommended, the reality is that it not a priority for many people. There are many reasons for this. Young people may think estate planning is not...
What estate planning steps should parents take?
No matter your child's age, you want to provide for them and ensure that they have the support they need to flourish. One important step that you can take is creating an estate plan. this can be especially important if your child is under 18 and will need additional...
Should an incentive trust be part of your estate plan?
Deciding how to leave your assets to your loved ones can be a challenging endeavor. After all, your familial relationships and your loved ones’ individual needs may justify something other than equal distribution of your assets. In some instances, estate planners find...
Estate plans should include digital assets
It seems like every time we turn on the news, we hear about a new cryptocurrency making early investors millions. Indeed, Bitcoin or Dogecoin seem to be in the news at least once a week. These are the digital assets that most people are familiar with:...
Advance healthcare directives: there’s more than one choice
Estate planning is about more than just what happens when you die. It also includes things like trusts and Medicaid planning, which can be important tools while you’re still running around and enjoying life. Advance healthcare directives are yet another prong of good...
Should spouses have separate wills? And other will questions
Estate planners may have questions about what they should include in their estate plan and what they should include in their will. It is helpful for estate planners to have answers to these questions, know what to include in their will and if spouses should have...
Inheritance tax is getting more news lately
Over the past decade or so, many states have been eliminating their inheritance tax. In fact, only five states still have an inheritance tax, including New Jersey, Kentucky, Maryland, Nebraska and Pennsylvania. Though, at least our state, unlike Maryland, does not...
