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 […]
Weeks after the passing of talk-show host Larry King, his estate remains in limbo as reports surfaced of a hand-written will from 2019 that excluded his wife of 22 years, Shawn Southwick King. King was in the process of divorcing his seventh wife, which was not finalized before his death in January. Now it appears King created a […]
Debunking 5 Common Myths About Wills and Probate Lyons & Associates, P.C., Senior Associate Joanna Adu debunks 5 common misconceptions concerning wills and probate. Don’t let these myths mystify you–call us to schedule a free consultation today: (908) 829-6959.
Estate planning is one of the best ways to set your affairs in order so you can protect what matters most, even in the event of an untimely death. When you draft a will and take other steps of the estate planning process, you should consider how you want to distribute your resources and minimize […]
