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The Hidden Costs of Not Having an Estate Plan

Why failing to plan now could cost your loved ones later. Many people assume estate planning is only necessary ...

The post The Hidden Costs of Not Having an Estate Plan first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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From Wealth Creation to Wealth Preservation: How Entrepreneurs Transition Post-Exit

For many entrepreneurs, building a business is a decades-long journey of wealth creation, culminating in a lucrative exit. ...

The post From Wealth Creation to Wealth Preservation: How Entrepreneurs Transition Post-Exit first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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Should Married Couples Have Separate Wills?

December 27, 2017

 

You and your spouse might have the same intentions for your future estate planning, but there’s plenty of good reason to set aside your own will for the purpose of protecting your loved ones. You need to ensure you have the right documents to protect your interests and plans. hire a lawyer in NJ for your individual will

When putting together a will for a husband and a wife, your estate planning attorney will probably recommend that each person has their own will. Although a married couple may reference a will as a joint document, the word will in the New Jersey probate code is usually used in the singular tense to refer to the last will and testament of a woman or a man. Establishing an individual will is extremely important particularly as your life circumstances change.

Although there is history for joint wills in New Jersey, it is not entirely clear how this would work unless both parties passed away the same time, such as in an accident. Because of this, you may wish to articulate similar goals as your spouse in your own individual will but it is powerful and preferred that you have your own estate planning document. You and your spouse can sit down and discuss the goals that you intend to accomplish and putting together a last will and testament together.


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Schedule your free Exploratory phone call

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can be of assistance.

Payment Portal
for Tax and Accounting Invoice

This link offers a secure, quick way to complete your payment with Omni360 Advisors LLC.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts
The Hidden Costs of Not Having an Estate Plan

Why failing to plan now could cost your loved ones later. Many people assume estate planning is only necessary ...

The post The Hidden Costs of Not Having an Estate Plan first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
From Wealth Creation to Wealth Preservation: How Entrepreneurs Transition Post-Exit

For many entrepreneurs, building a business is a decades-long journey of wealth creation, culminating in a lucrative exit. ...

The post From Wealth Creation to Wealth Preservation: How Entrepreneurs Transition Post-Exit first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more