As the calendar turns to a new year, many of us take the opportunity to reflect on our goals, priorities, and financial well-being. One area that often gets overlooked is estate planning. Your will, trusts, and other estate planning documents are critical tools for protecting your legacy and ensuring that your wishes are carried out. […]
According to the American Psychological Association, approximately 50 percent of first marriages end in divorce, and the divorce rate for second marriages is even higher. While your second marriage may stand the test of time, you should consider some important estate planning issues before you exchange vows. Estate planning for second marriages can be particularly complex, particularly if […]
The probate process is an essential legal procedure to settle a deceased person’s estate, ensuring their assets are distributed according to their will or state law. While it may seem complicated, understanding probate can help individuals prepare and protect their loved ones. For those navigating probate in New Jersey, the guidance of Somerville estate lawyers can be […]
Estate planning allows you to make important decisions about how your assets and property should be distributed, as well as who should handle your affairs when you die or if you become incapacitated. For many people, charitable giving is an important part of their estate planning goals, particularly if a cause or organization aligns with their personal […]
Trusts are an estate planning tool that you can use to ensure that your assets and property are managed and distributed according to your specific wishes. Establishing a trust enables you to address a range of concerns, including preparing for the financial future of your loved ones, navigating tax concerns or creditor protection, or donating to a […]
Estate planning can be complex, but the intricacies increase significantly when international elements are involved. Somerville estate lawyers at Lyons & Associates, P.C., understand that individuals with cross-border assets and beneficiaries face unique challenges. Properly addressing these considerations is essential to ensure your estate is managed and distributed according to your wishes. Understanding International Estate […]
You are never too young to start estate planning. While you may assume that estate planning is only for people who are wealthy, own multiple properties, and are somewhat advanced in age, there are benefits to having a standard will in place. An experienced estate planning lawyer can discuss the benefits of drafting a will, recommend the […]
If you have aging parents, you know that they may face a range of health complications. Unfortunately, if a parent has been diagnosed with dementia, they will likely experience a continued loss of memory and a deterioration of other mental functions as the disease progresses. To ensure that your parents’ affairs are managed, you or […]
In today’s complex world, planning for the future of your estate is more important than ever. A well-crafted estate plan can ensure that your assets are distributed according to your wishes, minimize potential legal disputes among heirs, and reduce the tax burden on your estate. It’s a crucial step in securing your legacy and providing […]
Setting up a trust in New Jersey can be a valuable tool for estate planning and asset protection. Whether you are looking to ensure your assets are distributed according to your wishes, protect your wealth from creditors, or minimize estate taxes, setting up a trust can help you achieve your goals. In this blog post, we […]
