A will is a legal document that designates a person as an executor (administrator) to effectuate the instructions of the person who made the will upon his or her death. With a revocable living trust, a person’s property is conveyed into that trust, and a person manages that property. That person designates himself or herself… Read more »
Estate planning is not a practice reserved for the rich. Anyone can get into it, so that they can have the peace of mind that their family will be provided for after they have died. But, people make a lot of mistakes with planning, below are just a few examples. Not Staying Updated Families are constantly… Read more »
Preparing your last will and testament can be daunting and it may seem a little morbid. However, the problems that can be caused by you not having a will can make it all worth the time and effort. Taking care of your children and other loved ones after your passing is just one of the… Read more »
The topic of death is very difficult for some to deal with while others know how important it is to plan for the future. Whether you want to talk about it or not, there are benefits of living trusts and wills in NJ estate planning that you need to know about before making your plans. We will… Read more »
Many residents in New Jersey concerned about estate planning have probably heard the related term asset protection planning. Asset protection planning is, despite the myth, not only for the rich and famous. Many traditional state planning tools can be used for individuals in the middle class to increase the asset protection available to the surviving spouse, beneficiaries,… Read more »
Many parents worry about the right time to pass on property to their children. There are many New Jersey parents who are interested in using their property and their home to provide for their children’s future. If you try to do this while you are still alive, however, there are some risks you should be aware of… Read more »
The Law Office of G. Martin Meyers, released an article discussing “What Benefits Does a Living Trust Offer Me?”, if you would like to know more Please continue reading below. A living trust in New Jersey refers to a situation where legal title to property or multiple pieces of property are held by a trustee for someone else’s… Read more »
Wills and living trusts are some of the biggest buzzwords in estate planning today, but in order to see their benefits for your New Jersey estate plan, you need to understand what makes them different. One of these documents may be more appropriate for you than another, so use this guide to help you determine the best next… Read more »
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