A person in New Jersey has an option of several different types of wills. The main purpose of many of these documents is to honor the deceased person's wishes for the direction of assets. Perhaps the most informal of will types is known as a holographic will. The...
The different types of wills in New Jersey
Creating a will is one of those tasks that may feel easy to kick down the road—something anyone could do tomorrow instead of today. But nobody knows how many tomorrows they have left, which makes today the best time to consider one. According to Business Journalism,...
Why should you discuss your will with your family?
New Jersey residents like you put time and effort into your estate while alive. You craft your estate plan with care so that it can get passed along according to your wishes. But you also want to let your beneficiaries know exactly what to expect down the pike. While...
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 a holographic will valid?
A holographic will is one that you write out by hand rather than typing out and printing off. Most states recognize the validity of a holographic will, and New Jersey is one of them. However, holographic wills are rare, and estate planning professionals do not...
What are the most common mistakes made in writing a will?
If you are considering your affairs after you die, it may be a good time to start drafting a last will and testament. If you do not have a will when you die, then all of your assets will be forfeit to the default rules of New Jersey Probate. The contents of your...
Validating handwritten wills
The issue of creating a will can often be a contentious one, which may be why so many tend to avoid doing it (at least publicly). Many in Ocean County & believe the estate planning process must be a formal affair, where you and other potential parties to an...
Moving to a new state and your estate plan
Relocation can be stressful for an array of reasons, from financial considerations related to moving (such as buying or selling a home and starting a new job) to the emotional impact that the move may have on loved ones. People often move for new and lucrative...
Intestate succession in New Jersey
Perhaps the most important element of estate planning in Ocean County is actually choosing to do it. It is a decision that many American adults have yet to make (indeed, according to research information shared by the American Association of Retired Persons, 6 in 10...
Estate planning and low-income individuals
When some people picture the type of person who sets up an estate plan, they may envision someone who is wealthy and owns a considerable amount of property. To be sure, estate plans are especially important for people in this position, but even low-income individuals...