Typically, if you list someone as a beneficiary in your will, they get their inheritance when you pass away. There can be a bit of a delay as the estate goes through probate. The estate executor has to do things like inventory all of the assets and pay off financial...
Estate Planning
Why do young adults need their own estate plans?
Many people think of estate planning as a retirement-related undertaking. Others associate estate planning with parenthood or the acquisition of specific, high-value assets, such as a home. Older adults and those who have achieved certain life milestones absolutely...
How a living will differs from a power of attorney
Estate planning can be a useful way to address your medical future. It is not just about splitting up the assets that you own and passing them on to beneficiaries. You can also make plans that will assist your family and your medical team if something unexpected...
The difference between testamentary and living documents
There are many different types of estate planning documents, which people may find somewhat confusing. Some people put off planning or keep things as simple as possible by drafting a will and nothing else. Most estate planning documents fall into one of two main...
Moments that mark change: 4 life events for an estate plan review
Your estate plan is more than papers; it is a guide to protect your loved ones and your wishes. Many people create a plan and forget it, but major life events can make parts of it outdated or ineffective. Reviewing your estate plan after these four major milestones...
Why do some families ignore undue influence until it’s too late?
Undue influence is often a hidden yet powerful force that can affect vulnerable individuals, especially older adults or those dealing with illness. It occurs when someone exerts excessive control or pressure, leading the affected person to make decisions that are not...
Can people craft wills electronically in New Jersey?
New Jersey law has traditionally required wills to be drafted in writing, signed by the person making the will and witnessed by two individuals. However, in recent years, the law has evolved to address the use of technology in estate planning. While some states have...
4 steps to preparing a legitimate digital estate plan
Digital assets have become a significant part of modern life, yet many people overlook them during estate planning. These assets include everything from email accounts and cloud storage to cryptocurrency and online businesses. Without proper planning, your loved ones...
Have you chosen a guardian for your minor child?
If you have a minor child, it's crucial to nominate a guardian in your will whom the court will consider appointing when you are unable to take care of your child. The party you choose should possess the qualities necessary for raising your child as you would have....
3 types of estate beneficiaries who can’t inherit directly
The simplest estate plans often involve testators identifying their beneficiaries and leaving assets for those people in a will. In some cases, they may not even earmark specific assets for individual beneficiaries. Other circumstances require more planning and...
