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The Top 3 Reasons People Are Waiting to Make an Estate Plan

The Top 3 Reasons People Are Waiting to Make an Estate Plan

Most of us understand that estate planning is important to our families’ futures, but way too many of us put it off. After all, it’s not always a comfortable topic. Getting down to the business of planning your estate, however, can bring you much needed and priceless peace of mind. Why wait? The Top Three … Continue reading The Top 3 Reasons People Are Waiting to Make an Estate Plan

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Your Estate and Real Property

Your Estate and Real Property

Real property includes land and anything that’s erected on that land. That seems simple enough, but how this real property is titled can significantly affect how it will be transferred at the time of your estate’s administration. In fact, the proceedings can become quite complicated and sometimes don’t play out the way you’d intended. Take … Continue reading Your Estate and Real Property

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Estate Planning – Living Together but Not Married, No Problem!

Estate Planning – Living Together but Not Married, No Problem!

Not every couple chooses to marry, but unmarried couples face specific risks that married couples do not. If you’re part of an unmarried couple, carefully consider your rights and, with the help of an experienced estate planning attorney, implement an estate plan. In New Jersey, unmarried couples risk losing their shared assets if one partner … Continue reading Estate Planning – Living Together but Not Married, No Problem!

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So You’ve Been Appointed Trustee?

So You’ve Been Appointed Trustee?

An important part of creating a living trust is to appoint someone to serve as successor trustee after the grantor passes away or otherwise becomes unable to manage the trust. Being appointed trustee means that you will have many different responsibilities related to the management and administration of the trust. These responsibilities will vary depending … Continue reading So You’ve Been Appointed Trustee?

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Learn From Prince’s Error, Draft a Will Today

Learn From Prince’s Error, Draft a Will Today

Many people assume that anyone with substantial assets and property would automatically have a last will and testament, along with other important estate planning documents. However, no matter how much money you have – or don’t have – it is up to you to have a will drafted and executed since no one else can … Continue reading Learn From Prince’s Error, Draft a Will Today

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What the 23 Cent Gas Tax Means for Estate Taxes in NJ

What the 23 Cent Gas Tax Means for Estate Taxes in NJ

New Jersey taxpayers will see some major changes in the coming years due to a deal made aiming to fund the state’s Transportation Fund. Perhaps most noticeable will be a 23-cent increase in gasoline taxes, which will be used to fund highway and transportation projects. In exchange for that tax hike, legislators are lowering the … Continue reading What the 23 Cent Gas Tax Means for Estate Taxes in NJ

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Common Mistakes Made By Executors of an Estate

Common Mistakes Made By Executors of an Estate

Your last will and testament sets out how you would like your property distributed following your death. However, this document is not self-executing and someone must submit your will to the probate courts for review. Someone must also be in charge of settling your estate in line with your wishes and instructions contained in the … Continue reading Common Mistakes Made By Executors of an Estate

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Can You Use a Trust to Protect a Non-Spouse Beneficiary?

Can You Use a Trust to Protect a Non-Spouse Beneficiary?

When many people sit down to develop their comprehensive estate plan, they have concerns regarding beneficiaries other than their spouse. If you have children from a previous relationship or adult children, you will want to address how assets will be distributed directly to them, as they will not necessarily pass through your spouse. However, distributing … Continue reading Can You Use a Trust to Protect a Non-Spouse Beneficiary?

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