When many people think about estate planning, they focus on money and assets. They think it is all about who gets what after they pass. However, a full estate plan includes much more, like powers of attorney, trusts, medical proxies, guardians, etc. And, for parents,...
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estate planning
How do I start estate planning in New Jersey?
No matter what your age and no matter where you are in your life, having an estate plan is important and necessary. The fact is that everyone has assets and a legacy that they wish to pass down to someone who is near and dear to their heart. No matter how large your...
Estate planning with children: More considerations
For readers of this legal blog, you know that we commonly post on estate planning topics. And, in a recent legal blog post, we discussed the topic of estate planning with children. In that post, we discussed guardians for your minor children and the considerations you...
New Jersey requirements for a will
When you die, you can't take any of your possessions with you, which means that you need to arrange to will them to people who are close to you. These possessions include personal property (such as cars, clothing, jewelry, etc.) and real estate properties. If you plan...
What is an irrevocable trust?
If you are estate planning in our state, you know that there are various options and choices to make. One of the most important considerations is how to help your beneficiaries with probate or avoid it entirely, and how to manage your assets. One of the choices New...
How do parents estate plan?
If you are a parent, you know that you should have an estate plan. Your minor children would be helpless if you and your spouse pass, which is why estate planning becomes urgent once you see that extra line on the pregnancy test. However, many Haddonfield, New Jersey,...
What happens if I die without an estate plan in New Jersey?
A common question estate planning attorneys get is, “What happens if I die without an estate plan?” In a sense, everyone has a default estate plan through their state’s laws of intestacy. The laws of intestacy of the state where the deceased is domiciled are the state...
The benefits of a joint will in New Jersey
You have worked hard and you have done well. Your life includes a satisfying career and a family. You have been fortunate enough to accumulate some significant, valuable assets that you intend to give to your spouse and others of your choosing eventually. Before...
What should I know about a special needs trust in New Jersey?
When people are discussing estate planning, they tend to automatically think about a will. While this is undoubtedly a key document, there are others that can be essential to serve one’s goals. Depending on the circumstances, a trust might be a necessity. One type of...
Why should my will be self-proved?
A will is an important legal document and no one should rush into making one. It is important to follow all the steps of properly executing a will. Failing to do so opens up the door to will contests, which can be costly and time-consuming, and can tear families...