Cherry Hill NJ Probate & Estate Administration Law Blog

When you have loved ones who count on you, the thought of losing you might be frightening to them. One of the ways that you can make this transition to life without you easier on them is to have your estate plan set up. At a minimum, your estate plan is going to include a will, but there are also other components that might come into the picture to ensure that your wishes are clearly conveyed.

We can help you get your estate plan all set. We will discuss your wishes with you so that we know what options might help you. Once we give you this information, you will decide how to handle the estate plan.

The estate administrator has a number of jobs to do before the estate can be closed out. One of these is paying for the debts that the estate has incurred. There are specific limitations and orders that come with this duty, so anyone who has it should make sure that they understand the ins and outs of this area of the law.

It is important to know that heirs shouldn't be responsible for paying the estate debts. There are times when creditors might contact the decedent's loved ones for payment. When this happens, they should direct the creditor to the estate administrator. This adds another duty to the administrator's list. He or she might have to deal with demanding and pushy creditors.

There seems to be a misconception floating around that estate planning is difficult. This isn't the case. Getting the estate plan together is actually fairly simple. The hardest part might be deciding what you are going to leave to whom and what you want in your final days. We are here to guide you through the entire process.

When we meet with you, we will find out what goals you have for your estate. This can give us an idea of what we need to include in the estate plan. Sometimes, the plan is as simple as creating a will. In other cases, there are multiple documents and components to the plan. Even if your estate plan is one of the more complex ones, our guidance can take the guesswork out of it.

Your loved one's estate might be a big responsibility for you after that person passes away. This is especially true if you are the administrator over their estate. This position requires that you handle quite a few duties. Unfortunately, these come at a time when you are likely still mourning your loss.

One of the important duties of the estate administrator is to handle the financial aspects of the estate. This includes paying certain bills and filing tax returns. These matters can have a big impact on what the heirs walk away with when the probate matters are all settled. We can help you make sure that you are handling these financial points in the way they are required to be handled by law.