Monthly Archives: September 2025
Does New Jersey Place Limits on Who Can Serve as an Executor?
Making a will is an essential estate plan component for almost everyone. Through a will, you can decide who will inherit your property — and you can be very specific, getting into detail about a wide range of tangible and intangible assets — and you can also make important decisions such as who you… Read More »
Medicaid Eligibility and Long-Term Care Planning for Your Spouse
Long-term care planning for a spouse can be extremely difficult both intellectually and emotionally. If you have a spouse who currently needs to become Medicaid-eligible for purposes of long-term care, or is likely to soon need long-term care at a nursing home, you may be scrambling to determine the requirements for Medicaid eligibility. It… Read More »
Reducing Your Estate Tax Burden with Trusts
Residents of Summit, New Jersey who have substantial or high-value estates should be aware of the federal estate tax threshold, and the ways in which it may be possible to reduce the estate tax burden. The Internal Revenue Service provides the threshold amount for the estate tax each year, which means that if your… Read More »
What is a Qualified Terminable Interest Property Trust?
For high net worth individuals and families in New Jersey, a crucial component of the estate planning process is ensuring that wealth can pass smoothly to family members and that your assets will be able to provide for loved ones immediately after your death, as well as into future generations where possible. There are… Read More »
Learning from Common Estate Planning Mistakes
Estate planning is an important process for all New Jersey residents who have reached adulthood, whether you are 18 years old or already at retirement age. In an ideal world, every adult would have components of an estate plan from an early age, and they would revisit their estate plan and make revisions or… Read More »
Benefits of Avoiding Probate Through Estate Planning
If a loved one close to you has died, you may already know that probate can be a lengthy and exhausting process. Yet in order for any assets left through a will to be distributed to their intended beneficiaries, probate must occur. Probate is the court process through which the validity of a will… Read More »
How Common Are Wills?
Do most people actually have wills? And for those who do not, what will happen if they die without a will? According to data from Gallup, far fewer Americans have wills than they should. Indeed, the data shows that fewer than half of all adults in the country have a will or have engaged… Read More »
What is the Process for Changing a Will?
Did you know that you can always change your will as long as you have legal capacity? A will does not go into effect until a person’s death, so as long as they are able to understand their decision, the revision or amendment of a will can occur. What is the process for changing… Read More »