Building your estate plan is just step one in the ongoing process of managing your estate. Though many mistakenly believe this is the final step, you have ongoing maintenance and monitoring that lasts long after you complete the plan. Organizing an estate plan review...
Creating a will is a crucial step toward protecting your family should something happen to you. If you do not have one, a court decides how to distribute your assets. Preparing a will ahead of time gives you peace of mind knowing that you have an outline for taking...
Nobody wants to think about themselves needing in-home long-term care or living in a nursing home. You probably feel fine today and the concept of being in a physical or emotional state meriting that care may seem alien. Planning for these contingencies may help in...
An executor may have several issues to attend to before submitting your will for probate. For your executor, you may name any trusted individual with whom you can share private information prior to an illness or death. Some individuals, however, choose a spouse or an...
Anyone who has a growing family needs to consider the importance of estate planning. Even if you are young and in good health, the decisions that you make now can protect the people who you care about. Being proactive and planning ahead will help assure that your...
During probate, the main job of the court is to ensure the validity of your will and other estate documents. At this time, anyone with interest in your estate can contest your will. When a will contest occurs, NJ.com explains the judge can overrule your will. He or...
Your estate plan provides instructions on distributing assets to heirs after you die. This includes property, money kept in bank accounts, proceeds from life insurance policies, as well as many other types of assets. Additionally, your debt does not just disappear...
Eventually, you may want to leave your business behind. If you are looking forward to retirement, then your business needs to be a part of your estate plan. Inc. describes how business owners should choose their successor. First, you want to give yourself at least two...
Whether you own rental units or an industrial complex in New Jersey, a valid will generally includes instructions regarding which heir receives a particular property. The transfer of legal ownership, however, takes place by submitting your will to probate court....
After you finish creating your estate plan, you must go back and revisit it every so often. You want to ensure it remains up to date with your current life circumstances. But reviewing your entire estate plan every few years is a Herculean task. Is there any way to...
