Unfortunately, plenty of people have not carried out the process of putting together an estate plan, assuming that they don’t need one or following some misconceptions about what truly happens to their belongings if they fail to plan. 
It is a big misconception to think that the state takes over your assets if you pass away without an estate plan. If you fail to leave a plan, the state follows the intestate policy of distributing your property to your traceable relatives. The only time that a state truly acquires a decedent’s property is when no traceable blood relative could be identified. This means that you have no cousins, siblings or anyone else.
December 17, 2018 |
Unfortunately, plenty of people have not carried out the process of putting together an estate plan, assuming that they don’t need one or following some ...
Learn MoreDecember 12, 2018 |
As we approach the end of the year, it’s a good opportunity to engage in the process of tax planning by speaking with your accountant ...
Learn MoreDecember 11, 2018 |
As a parent, it can be hard enough to look ahead to the future and consider that your child could be moving out of the ...
Learn MoreDecember 10, 2018 |
The IRS recently announced their 2019 details about gift tax and estate tax limits. The official limits for 2019 increased the individual estate and gift ...
Learn MoreDecember 5, 2018 |
Are you trying to decide who to appoint as your will executor in New Jersey? This important decision could have ripple effects for your entire ...
Learn MoreDecember 4, 2018 |
Since the new tax laws in place doubled the standard deduction to $12,000 for single tax payers and $24,000 for those married filing jointly, this ...
Learn MoreDecember 3, 2018 |
Your estate planning documents certainly need to be updated after you get married for a second or third time, but have you overlooked this common ...
Learn MoreNovember 29, 2018 |
Since the federal estate tax exemption is at an historically high level of over $11 million, this leads to many questions brought by a client ...
Learn MoreNovember 28, 2018 | fiduciary
An uncooperative trustee named as responsible for your trust management could prove especially problematic for your loved ones but only after the fact when you ...
Learn MoreNovember 26, 2018 |
Contemplating your estate planning considerations after getting married for a second time is especially important because there are critical issues that could easily be overlooked ...
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