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Estate planning is an effective tool to safeguard your hard-earned assets and ensure a seamless transfer to your heirs. In New Jersey, a state with its own estate tax system, it is important to explore strategies that can help minimize estate taxes. 1. Gifting...
When you are trying to find the best person possible to be the executor of your estate, you may not know how to narrow down your choices. While everyone involved has positive qualities, you should also think about the negative qualities they possess in order to get a...
Your estate plan should be a comprehensive summary of your assets, the value of your estate and your final wishes for everything in that estate. Unfortunately, one thing that many people overlook in that process is an advanced directive. Sometimes called a living...
There is much more to consider when working toward a complete estate plan than just writing a simple will. You should also think about the estate planning tools that will continue to benefit you during your lifetime. A power of attorney is one such item that every...
Building an estate plan is an important part of end-of-life planning. A key factor in your estate plan is the person you name as executor of the estate. Remember that the executor is responsible for carrying out your final wishes, so you should choose carefully. There...
A revocable trust can benefit anyone planning their estate. It can allow you to bypass generations, protect assets against future legal troubles, or help you avoid probate. If you are planning your estate, you should consider including a revocable trust to help you...
Putting an estate plan in place is important for your family to secure their future, and for your peace of mind knowing that your wishes are clear. Taking the time now to articulate your wishes is a wonderful way to show your family how much you love them. However,...
Creating an estate plan is one of the most important parts of preparing for what happens after your death. According to AARP, if you have a will or other estate documents, you are among just 40% of American adults who do. However, just setting up your estate plan is...
While there are ways to increase your chances of having a healthy and long life, a serious injury or illness may stop you in your tracks. Even if you are unable to make medical decisions for yourself, you do not have to lose control over your health care. A medical...
Estate planning is an essential part of preparing for the end of life, and even young people should consider it. Because the process can be overwhelming and complicated, people often make mistakes. Here are a few common missteps to avoid. Avoiding planning altogether...