As parents grow older, it becomes increasingly important to plan for their future care and well-being. One useful tool in this planning process is a power of attorney (POA). POAs can ensure that aging parents receive the care and support they need, even if they...
Estate Planning
Should you include a living trust in your estate plan?
Estate planning is important for managing assets and ensuring your wishes are followed after death. A living trust is one tool often used in estate planning. Understanding the benefits and drawbacks of setting up a living trust can help you decide whether to include...
What to know about guardianships for special needs relatives
Children with disabilities require special attention, care and assistance to ensure that they can live a successful, full life with access to the right tools and opportunities. However, when they turn 18 years old, their parents generally lose the legal right to make...
Dispelling myths about estate planning in New Jersey
When it comes to estate planning in New Jersey, misconceptions abound. These myths can deter people from creating an estate plan, leaving them and their families vulnerable to potential legal and financial complications. In fact, Caring.com reported that only about...
Avoiding common estate planning mistakes
The estate planning process is complex and has significant implications for your family’s long-term experiences. When you decide that the time is right to create your estate plan, you should understand how to avoid common pitfalls. There are a few things you can do to...
Who should be the executor of your estate?
The debate goes on inside your head as you create an estate plan. Who should be your executor? Traditionally, people have named their oldest adult child as the executor of their estate. However, that tradition does not always hold up. Your executor does not have to be...
Reasons to plan your estate ahead of time
Estate planning is a topic that comes up often among older adults and their adult children. It is not the most pleasant topic to discuss, but topics surrounding estate planning are necessary conversations for everyone to have. One mistake that people make is waiting...
3 important parts of an estate plan
Estate planning is not as complicated or stressful as you might think. Creating a solid estate plan now will lessen the amount of stress on the loved ones you eventually leave behind. 1. Name beneficiaries Writing a detailed will is your opportunity to ensure the...
Estate planning tips for women
On average, women outlive men by five years. As a result, many women are responsible for making critical decisions about what happens to their family's estate. These tips can help women with their estate planning decisions. Learn about estate-planning The ideal time...
What else goes into an estate plan besides a will?
A will documents your wishes for a probate judge to follow. While this document is integral to a comprehensive estate plan, what else should you include? When sitting down to hash out the details of how you want your estate divided after death, you should also...