Estate Planning Law Blog
Recognizing the need for an estate plan for your family
When you hear that your friends and other family members have provisions in place in preparation for their future, you may question whether or not it is an appropriate time for you to begin planning your own estate. At Campbell & Pruchnik, LLC, we have been able...
Simple but effective estate planning tools for peace of mind
You have probably been looking forward to the day you retire. That day is fast approaching, reminding you that you are getting older. This makes you realize that you and your spouse should prepare an estate plan. You want something simple and economical, yet...
Does your will provide for your pets?
When you create a will to distribute your assets to your heirs after your death, you may wonder how to include your pets. If you are one of the many New Jersey residents who do have pets, it is essential to make sure your estate planning accounts for their care after...
When a simple will works
Creating an estate plan in New Jersey is a crucial part of becoming an adult. Experts recommend that a person should draft a will once he or she acquires property or starts to collect assets. A will is a directive triggered by death. It lists where the deceased wishes...
Are you prepared to be an estate executor?
Your loved has named you the executor of the will and now you have to decide if you accept the responsibility. The New Jersey probate process can take a long time. It is perfectly normal to see it as an honor that your loved one named you the executor. Are you ready...
Do I include digital assets into an estate plan?
When you begin to develop your New Jersey estate plan, your first considerations may be your physical property. Nowadays, however, a person’s property reaches beyond physical property. Most people also own digital assets. Do you know what happens to your digital...
Should you have a will or a trust?
There comes a time where you have to consider the legacy that you hope to leave behind. It is time to think about who you plan to leave your assets to and which assets you plan to delegate to who. Estate plans may include trusts, wills or a mixture of the two. In...
What you need to know about post-divorce estate planning
Did you hurry to finalize your divorce in 2018 so that the old tax laws would apply to you? If so, you are not alone. Given the negative impact that the new tax laws have on both the recipient and the payor of spousal support, many couples took the steps necessary to...
How do you set up a trust fund?
When you set up a trust fund in New Jersey, it gives you an opportunity to pass down valuable assets to your beneficiaries. Trust funds are an estate planning vehicle that can help you manage your assets and avoid certain estate taxes down the road. There are...
Can I include my pets in my estate plan?
Your New Jersey estate plan is very personal. You get to dictate what happens with your assets after you die in the way you want. However, there are laws regarding estates to keep things fair and ensure security. There are certain things you can and cannot do. There...
