As a new parent, you have a lot of new responsibilities. One of those responsibilities is making sure your child has everything he or she needs if something happens to you. Review these four important estate plan considerations to ensure your child's well-being if you...
Estate Planning
What to include in a living will
Sudden, serious illnesses and injuries commonly cause people physical incapacity, mental incapacity or both. When those in such circumstances need lifesaving treatment or end-of-life care, they generally cannot make decisions or express them for themselves....
When may a business owner consider an advanced directive?
Some business owners may prefer to keep their health care matters private. An advanced directive could protect your family and business associates from the details of your medical affairs during an illness or injury. The State of New Jersey's Department of Health...
Considerations before you name a legal guardian for your child
If you still have young children at home in New Jersey, part of your estate planning will include naming a legal guardian. Deciding who you want to care for your children often takes time and thought. Knowing some important considerations to think about before making...
What are the two main kinds of living trusts?
It is true that most Americans do not have a last will and testament. However, it is also true that most Americans understand the purpose of such a document, even if they do not have one themselves. On the other hand, the purpose of a living trust is often more...
3 urgent estate planning steps to take after your divorce
Ending your marriage may have required splitting marital assets, negotiating a child custody arrangement and even finding a new place to live. Now that the dust has settled, you may want to consider the effects your divorce may have had on your estate plan. If you...
Who should I choose to serve as an executor?
While an estate plan is crucial for protecting your assets and family after you die, you will also need to choose an executor. According to Kiplinger, the executor of your estate has many important responsibilities when fulfilling the role, such as paying off debt,...
How should you determine who to name as beneficiaries?
Naming beneficiaries to inherit your assets can take time and a lot of thought. Because you have worked hard for what you have, you desire to leave your fortune with people who will appreciate it and find purposeful ways to use it. Knowing some factors to consider...
Avoid these three common estate planning mistakes
A well-crafted estate plan should protect your wishes, but mistakes in the process can actually place your wishes in jeopardy. To makes sure your estate plan truly accomplished what you want it to, avoid these three common mistakes: Failing to update: Major changes in...
Which assets qualify for probate?
Recently, you learned your parents choose you to handle their estate. While learning more about the role, you discover that not all assets must go through probate. AgingCare breaks down which assets go through probate. Improve your knowledge of estate planning so you...