When someone thinks of estate planning, it is often with the thought that it will only be needed after someone has lived a long life. However, with the recent devastation and loss of life brought to New Jersey from Hurricane Sandy, estate planning is again in the picture. This time it's for pets. A hurricane forecast is often fraught with guessing and sometimes panic, but when a city is struck by such a damaging storm, our loved ones and pets can often become lost in the chaos.
Communication gap between parents and children about inheritance
Planning for retirement and creating an estate plan are two important things for older adults to take care of. Some people in New Jersey are uncomfortable talking to a third-party professional about their retirement and inheritance plans. However, most people have even more trouble speaking to their children about these subject matters. Lack of communication about estate planning between parents and children can cause some future complications.
Estate planning: The clock is ticking to save on estate taxes
When it comes to taking the time to sort through one's financial circumstances and plan for the future, it always seems like the ideal time to sit down and begin is just on the horizon. However, notwithstanding the fact that sooner is always better than later in such matters, there are certain times that buckling down and addressing one's estate planning can really pay off. Now is one of those times for New Jersey residents, as the end of the year approaches and substantial tax benefits stand to expire.
Can a New Jersey inheritance include iTunes and eBooks?
Estate planning important for consumers in New Jersey
Life is a precious gift. That is why most people tend to avoid any discussion about death. This is even truer regarding the subject of one's own death. That discomfort inspired by the discussion of mortality may deter many individuals in New Jersey from moving forward with creating an estate plan. However, estate planning can help loved ones in the case of one's death or incapacitation.
