Johnson & Johnson, Attorneys At Law

estate planning Archives

Estate planning and information sharing

Dying without a will or trust in place has gotten a lot of attention in recent months and years as several prominent people have died without a will or a trust. Estate planning is vital to ensuring that one's final wishes regarding health care directives, burial plans and so forth are carried out according to one's instructions. It is also important that the people entrusted with carrying out those wishes are aware of the existence and location of the documents in New Jersey.

Estate planning can be vital if a person owns a business

Having a will or trust in place can be important for anyone living in New Jersey. Most people have assets or other property they would wish to protect. Estate planning can be particularly important if one is a business owner and has other family members involved in the business.

Estate planning a gift of the season

It's October and the holiday season will soon be here. It is often said, by people young and old in New Jersey, that they just have too much stuff. There has been a move of late to give to charitable contributions in lieu of gifts to loved ones. Another option would be to get the young adults in one's life started on a long term savings and retirement plan or other aspects of estate planning.

Estate planning should be reviewed in the event of remarriage

Divorce and remarriage in New Jersey are very common in this day and age. Complex family structures are often one result of this phenomenon. One result of all of this is more complex estate planning. When both partners have offspring from prior marriages and possibly children together from the new marriage, they may want to ensure that children are provided for fairly after their deaths.

Estate planning: The final gift to loved ones

Few things in life are guaranteed in New Jersey, but death and taxes are among them. According to one 2017 report, more than 50 percent of Americans have not established a will or a trust and many of those will die without establishing an estate plan that could leave their heirs with a hefty tax bill. Estate planning is vital to ensure that one's final wishes are successfully carried out. Many famous people have passed away without having a will or a trust. Among them are Jimi Hendrix, Prince and Aretha Franklin.

Estate planning should be a continuing process

A person in New Jersey feels he or she has done a great job of planning for his or her future. Estate planning has been thought out and put in place and life is good. Time passes, things change and an estate plan may need attention to ensure it is still serving a person well.

Important estate planning steps for new parents

As a new parent, you may feel as if you are trying to squeeze 48 hours of work and family time into a 24-hour day, and trying to do so on minimal sleep can prove physically and emotionally taxing. Given all the new responsibilities you have recently taken on, you may not be thinking too much about the state of your estate plan, if you have one. But your life changes in many ways after becoming a parent, making creating one especially important.

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Johnson & Johnson, Attorneys At Law

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