Estate Planning Law Blog
Do you need a will?
If you do not own many assets, you may think that you do not need to go through the process of creating a legal will. However, it is almost always a good idea to do so. Most people, even those with limited assets, can benefit from a will because it can handle the...
Estate planning mistakes to avoid
New Jersey residents who start working on an estate plan may feel overwhelmed. After all, this is a big legal step to take. Getting started is enough of a hurdle on its own. There is also a lot of terminology the average citizen will not know. Today we will look at...
Estate plan considerations for business owners
Business owners often have a lot on their plates, but it is pivotal to think ahead. By setting up an estate plan, business owners have the ability to prepare for unexpected challenges, find peace of mind, protect their business and ensure that loved ones receive...
Estate Planning and Coronavirus: Now Is The Time
As the rapidly evolving coronavirus (COVID-19) spreads through our country, now more than ever before, we need to focus on our well-being and that of our families. Now is the time to review your current estate planning documents (Will, Living Will/Healthcare...
Can executor inaction cause legal problems?
If your family has chosen you to be an estate executor, you should understand how to perform your duties so that you do not run into any problems with estate beneficiaries. If you handle the job well, the estate heirs will likely not cause you any problems. However,...
Who should you look for in an executor?
As a New Jersey resident working on your estate plan, there are a few first steps to take before anything else. Among them is finding an executor for your estate. This person will make the backbone of your estate plan. Because of that, it is important to find someone...
How does simple probate work in New Jersey?
Probate, which is the court-supervised administration of a deceased person's estate, has a lengthy, costly reputation. In New Jersey, however, many estates qualify for a simplified probate process. Learn how simple probate works in New Jersey, and determine whether...
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...
Is it time to update your last will and testament?
Your last will and testament is one of the most important documents you will write. Some people may feel intimidated when creating the terms of the will, as it involves making major decisions that affect your friends and family once you pass. Once you have created...
