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 […]
Credit card debt is common in American households. According to LendingTree, in 2023, Americans had an astonishing $1.129 trillion in credit card debt. Credit card holders in New Jersey had the highest debt, with an average of $8,757. Missing even one payment triggers a cycle of accruing late fees and climbing interest rates that continue […]
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 […]
Parents naturally want the best for their children at every stage of their lives. The transition to college is an especially important time in life. A significant amount of planning and resources are spent with the college selection process and the “big” decision. Getting ready for freshman move-in involves even more coordination and lots of “college […]
If you have a bank account, due consideration should be given to naming a beneficiary (or beneficiaries) through a Payable on Death (POD) or Transfer on Death (TOD) designation as part of a comprehensive estate plan. In this blog, we will address some of the most Frequently Asked Questions (FAQs) about this type of account. […]
If you are incapacitated due to an accident or the onset of dementia, it may be unclear what treatments and interventions should occur for your medical care. Without a living will, healthcare providers or a lawyer will have to decide about your care. Your family may also be left with the burden of making life-altering […]
It is never too early to start looking into the estate planning process. Anyone with a family, a home, and other assets should take steps to protect their family and plan for their passing. Although no one wants to think about death, it is an inevitable part of life. One of the most loving things a […]
Estate planning is an important part of life. There is peace of mind knowing one’s affairs are in order, and the legacy one has worked a lifetime to build is secured for the next generation. Charitable giving is an important part of a comprehensive estate plan for many people. Incorporating charitable gifts into an estate […]
