Estate Planning Attorney Estate planning is a crucial aspect of securing the future and ensuring a seamless transfer of assets to loved ones. In the state of New Jersey, where probate process can be intricate and time-consuming, employing probate avoidance strategies is essential for fast and efficient wealth transfers. Let’s explore key approaches to streamline the estate planning process, allowing your loved ones to inherit your legacy with minimal delays. Probate Avoidance Strategies for Fast, Efficient Wealth Transfers Probate is the legal process through which a deceased person’s estate i ..read more

Estate Planning Attorney As New Jersey residents approach their retirement years, meticulous estate planning becomes paramount to secure a legacy for their loved ones. New Jersey, like many other states, has specific considerations when it comes to retirement accounts and pensions. Here, we will explore the intricacies of estate planning for these assets, shedding light on strategies to maximize their benefits while ensuring a seamless transfer to the next generation. Estate Planning for Retirement Accounts and Pensions Estate planning for retirement accounts and pensions in New Jersey involve ..read more

Why do people put off estate planning? Well, there are a number of answers to this question. Some don’t think it is very important. Others are uncomfortable confronting the topic of death and incapacitation. There is also this misguided notion that we have all the time in the world so it never makes it to the top of our “to do list”. The reality is though that estate planning should be undertaken as soon as possible because none of us know what the future holds. Tomorrow is promised to no one. So, it is important to implement critical estate planning tools today. Need more reasons to tackle th ..read more

Anyone who runs a business knows that it more than a full-time job. It can take up much time and energy managing the daily operational tasks.  It is important though that you take the time to ensure that you have the proper plans and protections in place for your business’s future. This includes creating a succession plan that will allow for the smooth transfer of your business when it is time to step away from it. You may not have any plans in the near future to relinquish control of your business, but, at some point, you will have to decide how you want to set your business up for a suc ..read more

You may be familiar with the term Estate Planning, but have you heard of Life Care Planning? While different from Estate Planning in many ways, Life Care Planning is very important, in and of itself. The fact is most of us will need to make certain adaptations to our lives as we age. This is just the reality of the aging process. As a person gets older, they often need assistance with their physical needs as well as assistance managing their affairs. It can be daunting looking at the future and facing the reality that we will likely need more help as we age. Put a Life Care Plan in place today ..read more

After the death of a loved one, there will likely be difficult emotions to process. There are also logistics to move through, such as the burial, funeral, and other arrangements. On top of all of this, legal proceedings may commence regarding probate of the will.  It is actually very common for a person to have a friend or relative pass away and, although they may be aware that the deceased had provided for them in their will, they may not know what to expect as far as what they will receive from the decedent’s estate or when they will receive it. So, when is the beneficiary under a Last ..read more

Estate planning is about many things, including protecting and providing for your family even after you are gone. As you start the planning process, you may reflect on the people you want to leave your property to and the effect your gift will have on them. No one is perfect and without fault. We all have struggles. As such, it is not surprising if one or more of your potential beneficiaries has money management issues that may be a concern for you. It is, after all, not an uncommon problem. Considering, however that you want to leave them an inheritance, the weight of money management st ..read more

Like other states, New Jersey has laws in place that come into effect when a person dies without a will. These laws are known as “intestacy” laws as a person is said to die “intestate” when they die without a will. In the absence of a will, intestate succession laws will direct to whom the deceased person’s assets pass. Dying intestate is nuanced though, and requires a closer look at the specifics.  Dying Intestate  At the outset, it is important to note that New Jersey’s intestate succession laws only apply to those assets in a decedent’s probate estate. There are many assets t ..read more

Much, though not all, of estate planning, involves determining how you wish for your assets to be distributed upon passing away. While many people first think of assets with large financial value, such as real estate and investment accounts, there are other assets that can be equally, if not even more, important to include in your estate plan. Consider those items that may not have much monetary value, but may have great sentimental value. Whether it be a family heirloom, family photographs, or some other treasured item, you will most likely want the peace of mind that can come with dictating ..read more

Today, March 27, 2020, the United States House of Representatives is expected to pass the Coronavirus Aid, Relief, and Economic Security (“CARES” or “CARES Act”) Act.  The CARES Act will then be sent to the President for his signature. The CARES Act includes a loan program to keep small businesses afloat during mandated COVID-19-related closures.  The program is called the Paycheck Protection Program (PPP), and will use the architecture of the SBA’s existing 7(a) loan program and will make forgivable loans of up to $10 million available to qualifying small businesses.  Under the ..read more