Help With Family,
Finances And The Future
Many people like to add testamentary trusts to their New Jersey estate plans. These trusts allow you to make special provisions for one or perhaps even all your surviving loved ones. For example, grandparents often create testamentary trusts to distribute assets to...
Executors have a lot of responsibilities when they're handling an estate, and complications can make the entire process more difficult. The passing of a beneficiary during the probate process can extend the probate process even further, and add new duties to the...
Most senior citizens dread the thought of moving into a long-term care facility or nursing home. But they and their loved ones might worry that they are no longer safe living alone at home. What can be done to resolve the situation? For many senior citizens, aging in...
The executor of a will takes on a big responsibility. Once they accept that responsibility, however, they’re expected to behave responsibly. They even take an oath that they will administer the estate according to the law and the decedent’s wishes. Most of the time,...
Health care professionals must comply with specific rules to protect people’s health information. The Health Insurance Portability and Accountability Act of 1996 (HIPAA) lays out the regulations. However, there may come a time when you need someone else to access your...
Planning for the chance that you need long-term health care is among the most complicated of all estate planning tasks. Get it wrong, and you could see your entire estate disappear into the hands of health care providers, leaving nothing for your children. Medicaid...
It's common for individuals to confuse the words heir and beneficiary. This is especially the case if an executor has been tasked with handling their first New Jersey estate administration case. There is a difference between the two terms though.An heir is someone...
Many people tend to use the terms "heir" and "beneficiary" interchangeably, but these are actually very different terms. It is important that people who are handling the estate administration duties understand what the differences are, so they can use the proper...
When you have a loved one who is writing an estate plan, they have to determine who is going to administer it. The person they name must be able to make decisions based on the current laws and the wishes of the creator. This isn't always easy, but making sure the...
The estate administration process is one that is mystifying to some people. If you know that you will have to handle this duty, you need to make sure that you understand it completely before you have to do the job. Make sure that you are up for each job because once...
