On behalf of Rudolph & Bloodgood, LLC | Aug 7, 2020 | Estate Planning
A profound fear held by many spouses in New Jersey marriages where the other spouse owns a disproportionate share of the marital assets is that the wealthier spouse will leave a will in which the surviving and less well-off spouse virtually no assets. Fortunately, New...
On behalf of Rudolph & Bloodgood, LLC | Jul 23, 2020 | Estate Planning
Anyone in New Jersey who drafts and executes a will must name an executor to carry out the numerous the instructions in the will regarding the distribution of the decedent’s assets. A detailed understanding of the executor’s functions may be useful in choosing the...
On behalf of Rudolph & Bloodgood, LLC | Jul 9, 2020 | Estate Planning
Having a valid will is important to passing property and assets when the estate planning passes. Because of this, ensuring that the estate planner’s will is valid is essential which requires knowledge of what makes a will valid. There are several requirements...
On behalf of Rudolph & Bloodgood, LLC | Jun 19, 2020 | Estate Planning
The probate process is an important part of the estate planning process to understand. As a result, anyone setting up their estate plan should be familiar with estate planning basics such as the basics of the probate process. The probate process refers to the legal...
On behalf of Rudolph & Bloodgood, LLC | Jun 8, 2020 | Estate Planning
The great thing about estate planning is that it is a completely customizable process. There is a wide array of estate planning tools at your disposal to suit your needs, regardless of your wealth or age. In order to secure the future you envision for your estate and...
On behalf of Rudolph & Bloodgood, LLC | May 22, 2020 | Estate Planning
New Jersey families that include a person with special needs may wonder how to preserve the person’s assets while maintaining eligibility for government assistance programs that base eligibility on income and net assets. One answer to this question that is becoming...
On behalf of Rudolph & Bloodgood, LLC | May 11, 2020 | Estate Planning
Though setting up a comprehensive estate plan is a good step, once that is finished the estate planner is not necessarily done. It is also important to update the estate plan from time to time and for the estate planner to know when to update their estate plan. An...
On behalf of Rudolph & Bloodgood, LLC | May 8, 2020 | Estate Planning
A will is a foundational estate planning document that provides important information and direction to beneficiaries of a decedent’s estate. In New Jersey, a will goes to probate and usually is managed by the executor with little involvement of the court. However, if...
On behalf of Rudolph & Bloodgood, LLC | Apr 9, 2020 | Estate Planning
It takes planning to assure that your property is safeguarded and managed if you become sick or die. Estate planning can assure that minor children are protected in an emergency and that your beneficiaries pay lower taxes. Effective planning can also avoid the expense...
On behalf of Rudolph & Bloodgood, LLC | Mar 27, 2020 | Estate Planning
Planning for incapacity of your loved one or for yourself is an important part of the estate planning process. Fortunately, different estate planning tools are available to help estate planners prepare for incapacity if they get to a point where they cannot direct...
