Estate Planning Tips for Younger Generations
How young people can protect wealth and loved ones with estate planning Millennials tend to think more about how to preserve their wealth than the generations before them and are more likely to have an estate plan than their older counterparts. If you are a younger person who does not have an estate plan or who would...
Helping Your Elderly Parents With Their Estate Plan
Assisting Senior Parents With Their Estate Plan The rate of older people with at least a basic will has traditionally been low in recent years, and New Jersey estate planning lawyers warn that the trend is continuing for a variety of reasons. That has left many adult children with even greater challenges to face when...
Errors Made By an Executor That Can Lead to Litigation
Executor Mistakes That Can Lead to Lawsuits When New Jersey residents write their wills, one of the most important decisions they make is choosing the person who will act as their executor. Executors have many important tasks to complete during the probate process, and their activities are closely scrutinized by the...
Consider These Estate Planning Tips
Creating an Estate Plan That Works for You Putting an estate plan into place is a prudent step even for the young and healthy. Estate planning becomes even more important when we enter our golden years. A carefully designed estate plan could ensure that important financial and medical decisions are made by a trusted...
Contesting an Estate Accounting
What to Know About Contesting an Estate Accounting Estate accounting errors can occur for innocent reasons or because of purposely misleading information. Today, we discuss what can be done to address estate accounting issues and how to contest incorrect accounting information. What Is an Estate Accounting? An estate...
What to Do With Your House in Your Estate Plan
Through the year 2045, approximately $84.4 trillion will pass from one generation to the next. Baby Boomers hold the most money out of this figure, and their possessions, including their homes, are all part of the wealth they will pass on after they die. If you are writing your estate plan, you many think about...
Preventing Trust and Estate Disputes
How to Avoid Estate Plan Disputes Each year, thousands of wills are contested in court. This can lead to a lot of stress and unnecessary expenses, so it's best to avoid trust and estate disputes if you can. To help reduce the risk of disagreements, follow these helpful tips. Skip Provisions That Let Your Family...
Contesting a Will Based Upon Undue Influence
How to Contest a Will Because of Undue Influence A will is a binding legal document in New Jersey if it complies with the requisite formalities. This being said, there are times when it may be necessary to contest a will because of undue influence or related circumstances. What Does It Mean to Contest a Will?...
Estate planning for small business owners
Estate Planning Essentials for Small Business Owners There are over 33 million small businesses in the United States. While not at the top of most business owners' to-do lists, proper estate planning ensures a smooth transition and offers financial security to loved ones. Business Succession Planning Small...
Don’t Bequeath These Items to Your Heirs
The majority of people prefer a minimalist style of decor, and some individuals even prefer an overall minimalist lifestyle. After a lifetime of accumulating possessions, your estate plan will likely include a listing of who gets what. However, there are many things your heirs just don't want, and working with an...