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At a minimum, each adult person should have the following documents in place, collectively known as the “estate pyramid”: Will — Defines how you want your assets and money distributed after your death, as well as who will be in charge of your estate’s administration...
Welcoming a child into your family brings many changes to your life. If you have any children under the age of 18, you should have an estate plan in place to provide for, protect, and support them. Putting a comprehensive estate plan in place can provide numerous...
Creating an estate plan is the best way to protect your family, finances, and legacy. But many New Jersey residents procrastinate when it comes to creating their estate plan. They may falsely think the entire process is too complex or confusing, or they may even...
When you create estate planning documents, you will need to select people to administer those documents when the need arises to use them. Your trustee or personal representative does not need specific qualifications or certifications. The only requirement is that they...
Most young adults in their 20s and 30s enjoy good health. They rarely (if ever) need to go to the doctor or the hospital. Serious illness and injury seem like remote possibilities that healthy young people seldom consider. Hopefully, we will all enjoy a long, healthy...
You’ve worked hard over the years to provide for your family and ensure the well-being of your loved ones in the future. Understandably, you want to take purposeful steps to safeguard their interests in a manner that promotes family prosperity across successive...
I don't have a very large estate. Do I really need a will? A prevalent myth is that unless you have a considerable amount of money or assets, you really don't need to have a will. Nothing could be further from the truth. A properly drawn will does many things, among...