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Estate Planning Archives

How to address online accounts in an estate plan

Nearly everyone in New Jersey -- and nationwide -- has at least some sort of online account. This includes everything from email accounts to bank accounts, and everything in between. The fact that so many people conduct at least some of their personal or business lives online has led to the need for them to be addressed in an individual's estate plan.

Many New Jersey residents still don't have an estate plan

Everyone in New Jersey has heard at one time or another that they should have at least a will. Without an estate plan, the state will decide who inherits an individual's assets after they die and even who will be given custody of any children. Even so, a large percentage of Americans do not seem to be in any hurry to prepare for incapacitation or death.

New Jersey estate planning is the best way to care for family

No one in New Jersey likes to contemplate death -- especially his or her own. However, doing so is essential for many reasons, the least of which is to save family members a good deal of trouble when they are already mourning the loss of a loved one. Estate planning could be considered the best way to care for family.

New Jersey estate planning to retain control of assets

Saving on taxes is one of the reasons that many New Jersey residents seek out an estate plan. Through careful and well thought out estate planning, it is possible to greatly reduce -- or even eliminate -- income taxes as well as estate and inheritance taxes. Determining which option will work best for an individual depends on his or her current circumstances and future needs.

The most critical estate planning decision for New Jersey parents

To young New Jersey parents with minor children, the possibility of death may seem so far away that it does not even bear consideration. However, anyone who picks up a newspaper, reads news online or watches television knows that people lose their lives in accidents every day. Not doing at least the basic estate planning could be disastrous for the family and children left behind.

Where did Phillip Seymour Hoffman's estate planning go wrong?

Most New Jersey television and film fans heard about the recent death of actor Phillip Seymour Hoffman. Not only was his death a cautionary tale for the entertainment industry but also for the estate planning industry. The way Hoffman's estate plan was done back in 2004 highlights some common mistakes.

Term life insurance as part of an estate plan, who gets it?

Many New Jersey residents have term life insurance policies as part of their estate plan. An individual's spouse, who is entitled to a portion of the estate plan, is not always the named beneficiary on these policies. For example, a child may have been named as the sole beneficiary on such policies.

It is a new year... Time to put an estate plan in order

The beginning of the year is a good time for New Jersey residents to evaluate their lives -- including any preparations for their retirement, unexpected incapacity or death. For people who already have an estate plan, this is a good time to review it to make sure that nothing needs to be changed. For those that do not yet have one, now is as good a time as any to put one together.

Estate planning for New Jersey pet owners

A recent article highlights the need to make arrangements for the care of any pets in the event the owner dies. The discussion outlines the elements of an informal arrangement, but the same considerations can lead to a legally binding estate planning document. New Jersey pet owners have the ability to provide for their pets in the aftermath of the owner's death.

New Jersey estate planning: Passing on the family business

Many New Jersey families have businesses they eventually hope to pass on to their children. However, without adequate estate planning, the wishes of the current owner may not be carried out. As a result, the interests of the business could be left unprotected. This appears to be the case with the literary character "Madeline," including book royalties and intellectual property rights.

Law Offices of Nancy M. Rice
Representing clients in Ocean City and communities throughout New Jersey.

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Rice & Quattrone, PC
1236 Brace Road, Suite F
CHERRY HILL, NJ 08034

Phone: 856-673-0048
Fax: 856-673-0052
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Rice & Quattrone, PC
Linwood Professional Plaza
2021 New Road, Unit #9
Linwood, NJ 08221

Phone: 609-398-3447
Fax: 856-673-0052
Map & Directions

Cherry Hill Office

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