If you have an adult child who has a disability, you may want to use your estate plan to continue to provide financial resources for your son or daughter after your death. Giving cash, property or other assets directly, though, may be a mistake. Many government...
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4 mistakes to avoid regarding beneficiary designations
You can create beneficiary designations for retirement accounts and control the distribution of these and similar assets following your death. However, mistakes happen. Here are four errors to avoid in dealing with beneficiary designations. Failing to name a...
3 essential qualities in a health care representative
Someday you may become so severely incapacitated that you are no longer able to make responsible health care decisions for yourself. An advance directive is a document that allows you to plan for that possibility and communicate what you want to happen in that...
What are the benefits of a living trust?
People in New Jersey can control many different aspects of their lives, but there are certain things that are out of their control. One of those things is that people cannot control is time. People will continue to grow older and no one will live forever. This is an...
What to do to prepare for estate planning
You may have put off estate planning in your younger years and have now reached a point in your life where you are starting to think of what legacy you will leave to your family upon your death. You may have adult children or even beloved grandchildren that you want...
Giving pets a place in your plan
If you finally got around to making that estate plan, you should feel proud of yourself. You have given a great gift to your loved ones, and they will certainly be grateful to you. However, did you remember all of your loved ones in your will? Despite the...
Three things to know about the New Jersey estate tax repeal
Estate planning is an opportunity for you to make the most of your hard earned money. This process allows you to review your assets and tax obligations. It can provide an opportunity not just to put together a plan to transfer assets, but also to discuss potential tax...