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For most people, purchasing a home is arguably the most significant financial undertaking in their lives. However, with so many documents to gather and so much else to worry about, this time can also be one of the most stressful. First-time homebuyers can feel more...
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 pass away, your loved ones need to know what you intend for them to do with the money and property you leave behind. A little Estate planning now can help them navigate the probate process as quickly and painlessly as possible in the future. That is the power...
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...
The transfer of property, cars, or money to any individual without receiving an equal value or more in return is considered a gift. While New Jersey does not have a gift tax, per se, the IRS does impose one, under most circumstances. The gift tax may apply when making...
As a homeowner, you may assume you know what will happen to your house after your death. If you have not made specific arrangements for such a transfer, however, your house could end up causing a headache for your heirs. New Jersey allows for several ways for you to...
Many people think that trusts are only for the extremely wealthy. At , we have been helping people create estate plans for nearly 40 years. We know that anyone who wants or needs to incorporate a trust into their estate planning can do so,...
There’s a lot of money involved when purchasing or selling residential property. That’s why all parties must be aware and informed when it comes to agreeing to the terms of the purchase. A purchase agreement includes the purchase price, address of the property,...
At Mariano & Coiro, P.C. we have been handling estate planning for New Jerseyans for almost 40 years, and we know that your wishes for your legacy are unique. You may want to provide for your family, support a good cause or protect the wealth you have built during...
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...