Estate Planning
Revoke a Will in New Jersey
When you revoke a will you void the previous will, this mainly happens when the old will no longer serves a purpose to your current situation. There are many instances in which a Will drafted at an earlier time in life is no longer applicable to you and the people in your life. When this […]
Read More....What are the Requirements for a Valid Will in New Jersey?
When drafting your Last Will and Testament, it is important to know what steps must be taken in order for you to have a valid will. There are several requirements to discuss, and by taking them into consideration while you are drafting your Will, it is more likely that it will be considered valid by […]
Read More....How to Address Your Funeral Arrangements as Part of Estate Planning in New Jersey
When addressing your funeral arrangements it can be easy to disregard certain elements of estate planning when you’re giving attention to seemingly more important items like what will happen to your property and other assets after you’re gone. However, considering your own funeral arrangements is an important step that can ensure your wishes are met, […]
Read More....Determining and Paying the Debts of an Estate in New Jersey
Determining and paying the debts of the decedent and ensuring they are paid is one of the most important steps in the probate process. Along with marshaling the decedent’s assets, their debts must also be marshaled in order to account for any unpaid loans, medical bills, credit card bills, or other types of debt. Who […]
Read More....Amending or Revising a Will in New Jersey – The Codicil
Amending or Revising a Will and Testament can take a lot of time, money, and energy. Codicils are an alternative. Consider a codicil as an amendment to your Will if you do not want to re-write the entire document. There are a few things to consider, however. What is a Codicil? A codicil is a […]
Read More....The Difference Between Probate and Non-Probate Assets in New Jersey
You need to consider both probate assets and non-probate assets when you are making decisions about your estate planning and who your beneficiaries will be. Similarly, if you are trying to account for all of a decedent’s assets as an administrator or executor, you will need to know the difference between probate assets and non-probate […]
Read More....Marshaling the Assets of a New Jersey Estate
Marshaling the assets of the decedent’s is one of the many important tasks an estate executor or administrator in New Jersey must perform following the death of a loved one. This is one component of the probate process, and while it is relatively straightforward, it is the estate’s designated representative’s responsibility to thoroughly manage the […]
Read More....What Happens When Someone Dies Without a Will in New Jersey?
When a loved one dies without a will and leaves behind property & other assets, the probate process will be slowed. It is very important to prepare your Will in order to make the procedure easier for your loved ones. However, unexpected events occur, and sometimes a loved one isn’t able to leave behind a […]
Read More....Self-Proving a Will in New Jersey: What are They and What are the Benefits?
Self-proving a Will is Among the many things to consider in the process of drafting a Will in New Jersey . When a Will is not self-proving, the process of probate is much longer. To make the waiting period as short as possible, and the entire process much smoother, consider drafting a self-proving Will. When […]
Read More....Beware of the Possible Expense of a Surety Bond in Estate Planning
Purchasing a surety bond is among many of the tasks that may need to be completed when administering an estate in New Jersey. When a person is given the responsibility of representing an estate and distributing the deceased’s assets, normally there must be something in place to secure the faithful performance of the representative’s duties. […]
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