What Is the Difference? Which Is Best for You? One of the critical components of an effective and comprehensive estate plan is a power of attorney. Your power of attorney is designed to go into effect during your lifetime, granting a designated … [Read more...]
The Durable and Springing Powers of Attorney
Estate Planning and Digital Assets
The digital revolution promises to radically change the way you plan for the orderly distribution of your assets upon your death. Do you have a PayPal account with a significant balance? You certainly don't want to leave it open and accessible upon … [Read more...]
An Overview of the New Jersey Probate Process – Part Two
In our first blog in this series, we identified the limited situations where survivors may use the simplified probate process in New Jersey. If you don't meet those requirements and there are assets that must pass through probate, the estate will … [Read more...]
Digital Estate Planning—Some of the Concerns
It seems that our world is rapidly becoming a digital one, with more and more services available online every day. From online banking to digital music lessons to web-based learning, it seems that the limits of the internet are being challenged all … [Read more...]
The Impact of the New Tax Law on Estate Planning
Though the tax reform bill passed in December, 2017 has been mostly heralded as a benefit for corporations, with a dramatic reduction in the corporate tax rate, it also made some significant changes in estate and gift tax law. Here's an overview of … [Read more...]
The Probate Administration Process – Getting Started
If you've agreed to act as personal representative or executor of the estate of a loved one, and that person has died, you may be uncertain how you initiate the process or what your duties are. Though you are not required to have an attorney handle … [Read more...]
What to Do With the Family Vacation Home When Your Parents Are Gone
The family vacation home—it's something your parents bought with the hopes of keeping your family together, even after you'd grown. Unfortunately, when your parents are gone, that vacation home often becomes the one thing that you and your siblings … [Read more...]
What to Do With Your Parents’ Stuff When You Don’t Want It
It's a common source of anxiety and concern in estate planning—your parents have spent a lifetime building an estate and often amassing a collection of "treasures" they plan to pass on to you. Unfortunately, your tastes and theirs may not be the … [Read more...]
7-Step Estate Planning Checklist
Write a Last Will & TestamentA well executed and notarized will clearly states your wishes on what happens to your finances, assets and minor children when you die and is an official document in a court of law. Create a Living Will/Advance Medical … [Read more...]