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Law Offices of Nancy M. Rice
1236 Brace Road, Suite F
Cherry Hill, NJ 08034
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December 2012 Archives

Estate planning a challenge for childless adults in New Jersey

When drafting an estate plan, many adults consider the best way to leave their assets to their children. However, a number of older adults struggle with issues of estate planning when they have no children. Not only must childless adults in New Jersey and elsewhere decide who will inherit their money and possessions, but they must consider who will handle financial and health care decisions if they are unable to make those decisions themselves.

New Jersey estate planning can include life lessons, stories

When people plan an estate, they often think in terms of money and valuables that can be passed down to their heirs and future generations. However, there may be more value and meaning to an inheritance when life lessons and stories are also passed down. In New Jersey and elsewhere, individuals are becoming more concerned with leaving behind a legacy in addition to their assets. Professionals who assist with estate planning are also recognizing the importance of having older adults pass on life stories to their loved ones.

Power of Attorney an important aspect of estate planning

When it comes to planning one's estate, the process can seem overwhelming. There are a multitude of issues to address, and it can be difficult to know which items take priority over others. One aspect of estate planning that is often overlooked by New Jersey residents is the need to assign multiple powers of attorney (POA.) Making the necessary decisions and getting those documents in place now can save a great deal of turmoil and frustration for loved ones later.

What young New Jersey parents should know about estate planning

When New Jersey residents decide that it is time to start estate planning, there are many things that they must consider which may be difficult. It is never easy to ponder one's own mortality, but that is the heart of estate planning, and is a factor that weighs heavily on many families. Young couples with children are among those who may have a particularly challenging time considering what will happen to their children in the event that they are no longer able to care for them.