Estate planning in light of infllation
Creating an Inflation-Proof Estate Plan Inflation is affecting more people in recent years, no matter who you are or what your estate planning style is. From 2011 to 2022, the inflation rate has risen from 3.2% to 8.3%. Regardless of what your estate plan looks like, feeling at least some of the impact of inflation...
Tips on picking your estate plan agents and fiduciaries
Five Tips for Picking Your Estate Plan Agent and Fiduciaries Fiduciaries for an estate plan can include agents, trustees, or executors, which is why selecting fiduciaries is essential for any estate plan to be successful. Around 67% of Americans do not have an estate plan. If you want to make an estate plan that...
Pay attention to your beneficiary designations
Beneficiary Mistakes You Don't Want to Make Any assets held in your estate at the time of your death will likely be subject to probate. New Jersey probate is a simple process that should be completed in one month’s time, assuming that no one launches a preemptive challenge to the Will, called filing a Caveat, or...
How to Distribute Your Valuable Art Collection After Your Passing
Many people of means collect art as an investment or simply to beautify their homes. Including your art collection in your estate plan could reduce conflict among family members and ensure that your unique pieces make it into the hands of people who will display them and appreciate them for what they are.
Don’t Make These Top Mistakes When Updating Your Estate Plan
Estate planning is complicated, and it’s easy to overlook a small detail that could have a big legal impact. Working with an attorney will help you avoid these common errors and omissions.
How Interest Rate Changes Can Affect Your Estate Plan
How Do Interest Rate Changes Affect the Value of My Estate? Increases in the federal funds rate, which is set by the Federal Reserve, could have a significant impact on your heirs when they inherit your estate. Working with an estate planning attorney and a financial advisor could help you lessen these impacts and...
The Pros and Cons of Legal Guardianship
When a person is unable to manage their affairs, he or she could be placed under a guardianship. Because of how invasive this process can be, it’s important to know the pros and cons surrounding guardianships.
Why Do New Parents Need to Set Up an Estate Plan?
When a person with a high income or net worth has or adopts a child, careful estate planning with an attorney helps provide for the child’s future needs.
Do I Need to Include Digital Assets in Estate Planning?
The increase in digital asset investments makes estate planning more complex, which is why working with a lawyer can help ensure a smooth asset transfer.
Why Should You Care About Your Beneficiary Designations
Many people are surprised to learn that it is easy to make a mistake when choosing beneficiaries for life insurance policies and other types of assets.