Your estate plans will cover a lot of matters. For example, you’ll plan out who will inherit your hard-earned assets, and you’ll also name an executor to manage the process. You can even use your estate plans to name a power of attorney for your medical or financial...
Cherry Hill NJ Probate & Estate Administration Law Blog
Estate planning: The hidden dangers of giving away assets
It may be tempting to avoid estate planning by giving away assets to loved ones when you are alive instead of creating a will or trust. After all, you will hand down assets to your heirs like you would with your estate plans. It may seem an easy way out, but it can...
Your voice, your choices: The significance of a living will
Suppose you become seriously ill or injured and cannot communicate or independently make medical decisions. Who would speak for you? What kind of treatments would you want or not want? How would your loved ones cope with the uncertainty and stress? It’s why you should...
Adults of all ages can benefit from digital estate planning
If you spend any significant time online and you have reached the age of majority, it is time to start thinking about digital estate planning. Everything you do online contributes to your broader digital footprint. By proactively planning for how that footprint will...
Who should you choose as a guardian for your children?
When you have a child, you may start thinking of things you never thought of before, including what would happen if you died or became incapacitated. It becomes important to consider estate planning and guardianship designations. But, who can you pick among your...
4 misconceptions about estate planning
Estate planning can be confusing. Most people have a loose understanding of how it works. As a result, people may talk about estate planning without fully understanding what they’re talking about. This can lead to a lot of misconceptions. To learn about estate...
Don’t forget your safe deposit box in your estate planning
Not as many people have safe deposit boxes as in the past. In fact, many financial institutions have decreased the number they offer because they take up a lot of space and don’t bring in much income. Further, many of our documents today are stored safely in an...
Should you choose a family member or a non-member as your executor?
Many people face the challenge of choosing a family member or someone outside the family as the executor of their estate. It may be natural to select your spouse, child or relative to handle your affairs. However, someone from outside, such as a close friend, bank or...
3 things you might not want to include in your will
A will is a legal document that speaks for you when you are no longer around to speak for yourself. With a written will, you can have peace of mind knowing that your assets will go to the people or causes you love and care about. But can you put anything in your will?...
How to talk to your parents about estate planning
Discussing estate planning with your parents is possibly one of the most challenging things. However, the chances are you have seen or heard of incidents where families had a difficult time with inheritances and would like to change the narrative for yours. Thus, if...