On behalf of Rudolph & Bloodgood, LLC | Oct 15, 2020 | Estate Planning
Estate planning isn’t finished when you put the papers in your safe deposit box and lock them away. In order for your estate plan to continue to be secure and effective you need to regularly review and update it to reflect current situations. In general, you should...
On behalf of Rudolph & Bloodgood, LLC | Oct 14, 2020 | Estate Planning
There are rare circumstances in New Jersey when parents may consider disinheriting a child. Whether a son or daughter abandoned the family, abused a relative or the parent wishes the child to make an independent way in the world, courts have repeatedly upheld that...
On behalf of Rudolph & Bloodgood, LLC | Oct 5, 2020 | Estate Planning
When someone first chooses you to execute his or her estate, it may feel like an honor. While the appointment does indicate that the testator trusts you a great deal, know that executing an estate comes with significant responsibility. With that responsibility comes...
On behalf of Rudolph & Bloodgood, LLC | Sep 18, 2020 | Estate Planning
When parents craft estate plans, they often consider the family’s best interests. Parents will set up trusts for heirs, bequeath family heirlooms to those who want them and identify beneficiaries of insurance policies. However, even this much forethought might not...
On behalf of Rudolph & Bloodgood, LLC | Sep 14, 2020 | Estate Planning
Those involved in the administration of one’s estate in New Jersey may not fully realize the extent of the tasks they agree to assume. They might believe their role only involves the disposition of their assets. In some cases, it may very well end there. Yet...
On behalf of Rudolph & Bloodgood, LLC | Sep 9, 2020 | Estate Planning
If you have an adult child who has a disability, setting up a special needs trust may be a top priority. This estate planning tool provides money for your son or daughter without harming his or her eligibility for needs-based government assistance, such as Medicaid or...
On behalf of Rudolph & Bloodgood, LLC | Aug 27, 2020 | Estate Planning
The hard work of putting together your estate plan does not end once you have finished your will, your trust, or your power of attorney documents. Estate plans can go off the rails because you do not implement them correctly. Fortunately, you have a good chance to...
On behalf of Rudolph & Bloodgood, LLC | Aug 20, 2020 | Estate Planning
Is estate planning only for the elderly or wealthy? Not necessarily. What young adults in the Riverdale area may fail to realize is that estate plans go beyond having a simple will. While having a will is a good place to start, there are other estate planning...
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...
