Estate Planning Law Blog
Millenials and estate planning
If you are a young adult or have not yet reached middle age, you could overlook end of life issues, thinking that it is unnecessary to address these issues at this point in your life. Many Millenials do not have an estate plan set up, but there are a number of reasons...
How long may the probate process last in New Jersey?
From the time that your estate's administrator submits your will to the New Jersey probate court, the process may take up to a year to complete. Depending on the type of property you own and your beneficiaries, however, the procedure may wrap up sooner. As noted by...
Why is estate planning important for people without children?
Estate planning is particularly important for people who have minor children so they can appoint a guardian to care for them in the event of both parents' death. However, is it really necessary if you do not have children? Failing to create a will or any type of...
What is a living will and why should you have one?
Accidents, serious illnesses and other issues may strike unexpectedly, and they can affect people of all ages and health conditions. Due to serious injury or illness, you may lack the ability to make decisions regarding your care. Thus, important choices may fall into...
3 signs you may need to revisit your simple will
If you have already drafted a simple will, you are doing better than most. After all, according to the American Association of Retired People, only about 40% of Americans have gone through the estate planning process. While writing your initial will is a major...
Who should be the executor of your will?
Your last will and testament is essential if you want to make sure your estate gets distributed in the way you want after you have passed. Seeing as you won't be around to execute your will after your death in New Jersey, choosing the right executor is arguable just...
Is putting my child on the deed to my home a good idea?
A major goal of most estate planning is to avoid probate. Probate can provide a major hurdle to your heirs when it comes to accessing your assets after death. As long as your probate ties up your assets, your heirs will not be able to use them. A strategy that some...
Taking advantage of estate tax portability
While the estate planning process may seem complex to many people in Jackson, most might also assume that there are some simple general guidelines governing it. These likely include the need to be specific in one's administration plans, the importance of naming an...
Options for avoiding probate in New Jersey
Probate is the process of locating your assets after you die and distributing them to your heirs. Even when the process is fairly straightforward, e.g., when you have a will, it can take a long time and cost your heirs a lot of money. The amount of hassle that probate...
What can a simple will do for me?
It is easy to think of estate planning as something only for people in their golden years, or those who have high-net-worth. If neither of these apply to you, you may wonder why you need a will at all. In these situations, simple wills are the best choice. According...
