Probate law in New Jersey can be complex, especially if you have been named as the executor of a deceased person’s Will. Hiring an attorney who specializes in estate planning will be helpful, but we’ve created a list of duties and responsibilities so that you can familiarize yourself with
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While we would all like to hope and believe that our assets and estate would be passed on in accordance with our wishes, the sad truth is that many times this does not happen. Whether through negligence in planning properly before death, poorly drawn up wills and other documentation, or
Creating a heathcare proxy in New Jersey is an important task that should not be neglected. A healthcare proxy is a document that appoints someone, chosen by you, to make medical decisions on your behalf in the event you become unable to do so. Many people appoint a relative
All things considered, there are better places to die than New Jersey.
Currently NJ is one of the few lucky states where the assets of the deceased are subject to both an inheritance tax and an estate tax, in addition to federal estate tax obligations that might apply. What’s more the
Elder law is an umbrella term for a number of legal services that can help you pass your assets to your loved ones instead of the government. If you know you have accumulated enough wealth for your retirement, you need strategies to ensure you can pass the rest of
There’s a common misconception that estate planning is only for wealthy people, but each and every person that wants to leave the greatest amount of wealth possible to their children or loved ones should consider an estate plan and consider it now, not when you are at death’s door. An
Elder law attorneys in New Jersey help people with any legal difficulty they may experience as they age. One of the common problems our aging population faces is in getting full benefits from aid programs that are available. After all, the purpose of your Medicaid is to enable you
While the last thing we want to think about is our kids fighting over our assets when we die, the truth is this isn’t an uncommon experience. This is a time of highly charged emotions where infighting can happen over even the smallest matters – never mind who inherits what.
A Marital Trust, also known as an “A” Trust, is essentially a means to postpone estate taxes in the event of a spouse passing until the other spouse has also passed. This is a very important part of estate planning for married couples, as it ensures – no matter
Did you know VA benefits can be used to offset the cost of living in an Assisted Living Facility or Nursing Home in New Jersey, even if it’s not a VA facility? This little-known fact is one which can help many veterans cope with the recent dramatic rise in cost