If you are like most people, you may think that all your estate plan needs is a will. However, including additional estate planning documents may enable your heirs to save money on taxes and receive the assets you want them to have. Therefore, these are a few things...
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Estate Planning
3 key documents to include in your estate plan
The people you leave behind must deal with your estate when you pass away. A will is a good start, but every estate plan should include a few essential documents to plan ahead. 1. A Will A will is a document that details who will inherit everything in your estate. You...
When should you update your will?
You probably already know how important estate planning is. Not only does it protect the assets you worked so hard to acquire, but it also protects your family after you are gone. Creating a will is really the first step in the estate planning process. You must also...
Five common estate planning mistakes
Your weekend likely does not include preparing for your death, but maybe it should. Families in mourning tend to argue without direction from the deceased. Giving your loved ones clear instructions can help keep the peace and ensure they carry out your wishes. Estate...
An overview of the probate process
The death of a loved one often carries wide-ranging challenges for the family members they leave behind. In addition to dealing with their grief and adjusting to life without this person, families must also settle the estates of deceased loved ones. Understanding the...
What happens if someone dies without a will?
When people in New Jersey die without a will, their estates go through a process called administration. A common misconception holds that the assets of such estates go to the state in such situations, however, that is not the case. Understanding what happens when a...
Include these 3 components in a simple estate plan
When you die without a will or a basic estate plan in New Jersey, the responsibility of distributing your assets falls on the state. This may lead to extra expenses or delays as far as when your beneficiaries get your assets. Having a basic estate plan in place helps...
When should I update my will?
Creating your last will and testament is not a one-and-done affair. Different events that occur in your life can make it necessary to change your will. If you fail to make changes when you need to, your heirs may lose out on assets that they otherwise would have...