Anyone who has a growing family needs to consider the importance of estate planning. Even if you are young and in good health, the decisions that you make now can protect the people who you care about. Being proactive and planning ahead will help assure that your...
During probate, the main job of the court is to ensure the validity of your will and other estate documents. At this time, anyone with interest in your estate can contest your will. When a will contest occurs, NJ.com explains the judge can overrule your will. He or...
Your estate plan provides instructions on distributing assets to heirs after you die. This includes property, money kept in bank accounts, proceeds from life insurance policies, as well as many other types of assets. Additionally, your debt does not just disappear...
Eventually, you may want to leave your business behind. If you are looking forward to retirement, then your business needs to be a part of your estate plan. Inc. describes how business owners should choose their successor. First, you want to give yourself at least two...
Whether you own rental units or an industrial complex in New Jersey, a valid will generally includes instructions regarding which heir receives a particular property. The transfer of legal ownership, however, takes place by submitting your will to probate court....
After you finish creating your estate plan, you must go back and revisit it every so often. You want to ensure it remains up to date with your current life circumstances. But reviewing your entire estate plan every few years is a Herculean task. Is there any way to...
Probate is a helpful process that ensures the legality of the handling of your estate after your death. However, it can also be an expensive process or at least one that eats into the assets you leave for your heirs. U.S. News and World Report states that it is...
A person who has a pecuniary interest in preventing a will from going to probate has the right to file a contest. In other words, someone who stands to gain if the will becomes invalidated can raise objections, but only before the probate process begins. Because a...
If you pass away with debt to your name, most liabilities should become the responsibility of your estate. Your estate refers to everything you own at the time of your death. The executor of your estate — which is the person you or the courts appoint to manage and...
The rules that accompany estate planning practices keep changing and could eventually affect the transfer of assets to your loved ones. Here are three common areas where mistakes could cost your beneficiaries relative to the assets they stand to inherit from you. ...
