Estate administration is a very important part of the probate process in estates that are required to go through the process. In New Jersey, the estate administrator has some duties that must be performed in an appropriate manner. In some cases, the estate administrator will need to find answers to questions that could significantly affect the estate and the heirs.
When the mail arrived today, was there another overdue notice? Did you avoid answering the phone because you knew it would be a creditor? How many times have you thought about bankruptcy - anything to get out from under the crushing weight of your debt - only to dismiss it out of fear?
As you start to accrue any amount of wealth, you might become concerned about estate taxes. There's a myth out there that the government will take a huge chunk of your estate if you have anything to pass on to your heirs, so it's better to spend it all on yourself and your family now. That's actually not true, due in part to the fact that you can take advantage of numerous estate tax exemptions.