Any individual appointed as an executor or personal representative in New Jersey has a legal responsibility to settle the estate according to the wishes of the deceased. This ordinarily needs to be accomplished in a timely manner by following all of the necessary legal procedures before the assets are distributed and the estate is considered “settled”. This includes probate and paying any debts and taxes that the estate is liable for.
Category Archives: Estate Planning
Benefits of Estate Planning in New Jersey
Think you don’t need an estate plan? If you have children, if you own a business, if you have a home, if you have debts, if you’re concerned about taxes, if you want to plan for rising healthcare costs or want to decide how you plan to leave your legacy—if any or all of these things apply to you, then an estate plan could be of benefit.
New Jersey Beneficiary Rights
When a loved one dies, there is a period of grieving. Then comes the time when the estate is distributed among the beneficiaries—which may bring its own type of grief.
Estate Planning After Divorce
Divorce provides you an opportunity to take control of your own life and legacy. Estate planning is a way for you to do that. Before your divorce, you probably named your spouse as your beneficiary in your estate planning documents and financial accounts. Once you have begun the divorce process, that needs to change. Even if you and your former spouse did not create an estate plan, you should consult with an estate planning attorney to protect you and your family.
Five Key Points Of Challenging A Will Because Of Undue Influence And Lack Of Capacity
New Jersey probate process recognizes several grounds for contesting a will. Two common grounds are undue influence & lack of capacity. Click to learn more.