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When it comes to estate planning in New Jersey, misconceptions abound. These myths can deter people from creating an estate plan, leaving them and their families vulnerable to potential legal and financial complications. In fact, Caring.com reported that only about...
The estate planning process is complex and has significant implications for your family’s long-term experiences. When you decide that the time is right to create your estate plan, you should understand how to avoid common pitfalls. There are a few things you can do to...
The debate goes on inside your head as you create an estate plan. Who should be your executor? Traditionally, people have named their oldest adult child as the executor of their estate. However, that tradition does not always hold up. Your executor does not have to be...
Estate planning is a topic that comes up often among older adults and their adult children. It is not the most pleasant topic to discuss, but topics surrounding estate planning are necessary conversations for everyone to have. One mistake that people make is waiting...
Estate planning is not as complicated or stressful as you might think. Creating a solid estate plan now will lessen the amount of stress on the loved ones you eventually leave behind. 1. Name beneficiaries Writing a detailed will is your opportunity to ensure the...
On average, women outlive men by five years. As a result, many women are responsible for making critical decisions about what happens to their family's estate. These tips can help women with their estate planning decisions. Learn about estate-planning The ideal time...
A will documents your wishes for a probate judge to follow. While this document is integral to a comprehensive estate plan, what else should you include? When sitting down to hash out the details of how you want your estate divided after death, you should also...
Through the ups and downs of their lives from childhood to adulthood, you have always loved your children. Along the way, though, you questioned some of the financial decisions they made, making you think carefully as you created an estate plan. If thrust in such a...
You have delayed long enough and want to put the hesitation behind you. It is time to create an estate plan. You want to be the one who decides what happens to your assets and who will get them. However, you also understand that you know little about the estate...
At its core, an estate plan is about your family. This collection of documents helps people organize their assets, draft trusts, assign power of attorney and name beneficiaries. Though parents have the best intentions in mind with their planning, some of their heirs...