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...
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Haddonfield Estate Planning And Small Business Law Blog
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...
What to do if you can’t pay your business income tax
As a small business owner in New Jersey, you know the importance of paying your business income taxes on time. However, running a business is unpredictable and various things can happen that make you unable to pay your taxes. What happens if you don’t pay your...
Should I plan for incapacity?
According to a recent Caring.com survey, over 60% of us do not have an estate plan. Part of the reason for this is because estate planning is not necessarily the easiest thing to do, and it is a scary, depressing conversation. After all, it is all about what happens...
What are the responsibilities of an executor?
When you are creating your estate plan, one of the first steps you must take is choosing an executor or estate administrator to manage your affairs. While managing an estate may seem straightforward, it can often require a great deal of time and effort. Making sure to...
EEOC Mediation can help small businesses save money
When business owners start out their small business, there are a lot of concerns. At the beginning, they likely focus on choosing the right formation documents to create the best entity for their business. They want to maximize liability protection, minimize taxes and...
New Jersey workers have whistleblower protections
Businesses should take steps to prevent and address misconduct and violations of laws and regulations. They can also face penalties if there is retaliation against whistleblowers. CEPA New Jersey employment law provides whistleblower protection under the Conscientious...
How can I revoke my will in New Jersey?
For many New Jersey residents, creating an estate plan does not mean that it is finished and will never be changed. This is especially true with a will. People who are proactive and vigilant with being prepared for the future can draft a will to ensure their property...