ANNOUNCEMENT: We are offering virtual consultations for both new and existing clients upon request. Click HERE to contact us and request a consultation by video, telephone or in person.
Adults who create an estate plan often don’t think about what will happen to their debts when they die. When this occurs, loved ones often wonder if they’re going to be responsible for having to pay those debts. In most cases, loved ones don’t have to pay the debts...
A medical power of attorney is a type of advance directive that you can use when making an estate plan. You may not know what the future holds, and a medical emergency could leave you incapacitated. By using a power of attorney to choose an agent, you select the...
Families are often brought together in moments of joy, but the loss of a loved one can sometimes bring out tensions that were never visible before. The absence of clear direction can leave room for confusion, resentment and even lifelong rifts. On the other hand, when...
If you have a minor child, you need to choose a guardian for them when estate planning. This is the individual who will take care of your child if you are unable to, due to incapacitation or death. It’s important to pick someone who will raise your child like you...
Talking with an older loved one about nursing home care can undeniably be a difficult undertaking. Many older adults may resist the idea out of fear of losing control over their lives or because of negative perceptions of nursing homes. As such, this kind of...
When doing estate planning, a trust is a useful vehicle to place assets like real estate. Inter vivos trusts are funded during the life of the trust grantor and allow them some flexibility and control over their assets. Read more below to see whether placing property...
Estate planning options run the gamut from simple wills to complex dynastic trusts. In other words, there are choices for everyone — which can be overwhelming to many. One option you might want to consider is a Totten trust. Unsure what that entails? Read on to learn...
Estate planning does more than distribute your assets. It helps you protect what you’ve built and prepare for the future. If you own a business in New Jersey, you face unique decisions about succession, control, and how your business interests will be managed or...
It is possible to write your own will, and for some people, this option offers a straightforward way to make final wishes clear. A will allows you to name who should receive your belongings, who will carry out your instructions and who will care for dependents, if...
Charitable trusts can be a valuable tool in estate planning. They allow individuals to support causes they care about while also gaining potential tax benefits. Here are the most common types of charitable trusts used in estate plans. Charitable remainder trusts A...
