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Category Archives: Estate Planning

WillDocument

Who Needs a Will?

By Dempsey Dempsey & Sheehan |

Do you need a will? The answer is yes. No matter your age, health, or financial circumstances, it is important to have a will. There are many misconceptions about who needs to have a will, often known as a last will and testament, and about what makes a will valid in New Jersey. Indeed,… Read More »

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EstPlan10

What is Intestate Succession?

By Dempsey Dempsey & Sheehan |

When a person dies in New Jersey and has a valid will, then their property will be distributed to heirs according to their wishes that are set forth in the will. The will must go through a process known as probate, which is a legal process that will involve the validation of the will,… Read More »

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CoupleEstate

How Can I Avoid Probate?

By Dempsey Dempsey & Sheehan |

Probate is a legal process that happens after a person dies, and it is a relatively lengthy process. It involves authenticating a deceased person’s will, identifying and distributing a person’s assets according to the terms of their will, and making sure that all assets are distributed appropriately. Probate also involves settling debts left by… Read More »

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EstPlan11

Important Estate Planning Terms to Know

By Dempsey Dempsey & Sheehan |

Estate planning is an important process for all adults in New Jersey to consider, irrespective of health, age, or income level. While an estate planning attorney will help you to identify all of the estate planning documents or tools that are relevant to your situation, it is a good idea to familiarize yourself with… Read More »

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Trust

What is a Trust and Do I Need One?

By Dempsey Dempsey & Sheehan |

For many people, trusts are an important part of the estate planning process in New Jersey. A trust is essentially a legal tool, or a legal arrangement, through which a person’s assets are held for beneficiaries, and ultimately transferred to beneficiaries according to the wishes of the party who established the trust. The person… Read More »

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