There are many different types of trusts that can serve numerous purposes for estate planning, but people often dismiss them as tools that are only beneficial for the incredibly wealthy. Yes, trusts can benefit those with multi-million-dollar estates or complicated...
Trusts
Understanding 4 common types of trusts
When it comes to estate planning, trusts are an invaluable tool for protecting assets and providing security for the future. Through a trust, you can specify who will receive certain possessions after your death or who should manage those assets until then. A wide...
Will one of your heirs waste their inheritance?
One concern that people sometimes voice about leaving their assets to their heirs is that they think their heirs may squander the money. They’ve worked very hard over the course of their life, and they do want to leave an inheritance, but they struggle with the...
4 problems with leaving a lump sum inheritance
If you are too busy living to worry about dying, you could create problems for your family when you pass away. Enjoying life is crucial. Yet, taking the time to think about estate planning is also essential. If you've always assumed that you'll leave the bulk of your...
A look at the pros and cons of an irrevocable trust
More and more people in East Brunswick, NJ, are realizing the importance of proper estate planning. As such, knowledge about the many options to choose from when planning an estate is growing. Despite the ongoing spread of knowledge, many estate planning terms and...
Think carefully before you make decisions about trusts
In our previous blog post, we discussed some of the basics of creating a trust that can provide for your family after you are gone. If you want this to be a part of your estate plan, you need to think carefully to ensure that you choose the right types of trusts that...