Do We Need a Trust in Our Estate Plan?
Not every family needs a trust, but many people can benefit from including one in their estate plan. Whether a trust makes sense depends on your assets, your family structure, ...
Planning Ahead Eases Stress of Losing a Loved One
You Need an Estate Plan One of the greatest gifts you can give your loved ones is an estate plan. Imagine the chaos of dividing a home, all the furnishings, ...
What is a Living Trust?
A living trust is another name for a revocable trust, that is a trust established by the grantor who funds the trust with assets and which allows the grantor the ...
Revocable Trusts vs. Irrevocable Trusts
As the names suggest, a revocable trust can be modified, amended and/or revoked by the grantor at any time whereas an irrevocable trust cannot be revoked by the grantor, ever. The ...
Beneficiary Proceeds Controlled by Ex-Spouse
When a couple divorces there are many documents which need to be changed. Bank accounts need to be separated, your last will and testament likely needs to be changed assuming ...
Contemplating Divorce? Consider the Rules as to Changing the Beneficiary of a Life Insurance Policy in New Jersey
A designated beneficiary receives the proceeds of a life insurance policy upon the death of a decedent. The owner of a life insurance policy can change the designated beneficiary by ...
Prenuptial Agreements: An Asset Protection Planning Tool Before You Say “I do” a Second Time
Premarital or Prenuptial Agreement A prenuptial agreement (also known as a premarital agreement or an ante nuptial agreement) is a contract between spouses which is made before the marriage. The ...
Prenuptial Agreements: Not Just for the Rich and Famous
Agreements can be made between spouses before the marriage which lay out the terms of property division in the event of a divorce. Most couples don’t want to think about ...
Independent Contractors Should Consider an LLC
With the downturn in the economy and more people losing their jobs, more people are turning to their entrepreneurial spirits and starting their own businesses. At-home businesses are booming and ...
Help for New Jersey Veterans
The state of New Jersey has two departmental divisions to help veterans access their benefits and to maintain the veterans’ healthcare services. The Federal Department of Veterans’ Affairs can be ...