Throughout your life, you will likely review and revise your estate plan numerous times to reflect the changes to your family and to your assets. At some point, there is a good chance that you will consider adding a living trust to your estate plan. Working with an experienced trust attorney is the best way to ensure that your trust is drafted and executed correctly. In the meantime, however, a living trust attorney explains the steps involved in creating a living trust. Narrow down your … [Read more...] about 5 Steps to Create a Trust
Wills and Trusts
New Jersey Law and a “Deathbed” Will
Most of the time there are no real surprises in the Will left behind by a loved one who recently passed away. In fact, it is not uncommon for the decedent to have discussed the terms of the Will with loved ones prior to his/her death. What happens though if the decedent made a death bed Will at the last minute that changed those terms? Is that Will valid? An attorney at Augulis Law Firm discusses the validity of a deathbed Will in New Jersey. What Is a “Deathbed” Will? Ideally, a Last Will … [Read more...] about New Jersey Law and a “Deathbed” Will
What to Consider When Creating Your Will
For most people, the first estate planning document they create is a Last Will and Testament. If you are planning to execute a Will for the first time, you need to spend some time thinking about what terms you want to include in your Will ahead of time. To help you, estate planning attorneys at Augulis Law Firm help you prepare for creating your Will by discussing some questions to think about ahead of time. What Is a Will? At its most basic, a Last Will and Testament is a legal document … [Read more...] about What to Consider When Creating Your Will
Challenging a Last Will
There are two sides to consider when you think about the subject of last will challenges. The first thought that may come to mind is that some disgruntled party is unwilling to accept the final wishes of a deceased individual. To prevent successful challenges when you know that there could be those who are not happy with your decisions you should explain your concerns to your estate planning attorney. He or she will gain an understanding of the situation and take this into consideration when … [Read more...] about Challenging a Last Will
What Is a Trust and How Can It Enhance My Estate Plan?
Estate planning can be an exciting process, but there’s no denying that it can be complex and confusing too. For many people who lack familiarity with estate planning techniques, various tools like powers of attorney and trusts can often seem like foreign concepts. Still, those tools can often mean the difference between an inefficient plan and one that can resolve a wide variety of different planning needs. And since the trust is one of the most important tools in any estate planning arsenal, … [Read more...] about What Is a Trust and How Can It Enhance My Estate Plan?
Key Facts About the Medicaid Special Needs Trust
Long-term care is something that large numbers of us will eventually need at some point in the future. Unfortunately, nursing home costs have been rising for many years now, and current forecasts for future costs suggest that there’s likely to be little relief for those retire in the next few decades. And with most Americans having less than $10,000 in retirement savings, it’s fair to assume that many of us will struggle to come up with viable ways to pay for our long-term care needs when they … [Read more...] about Key Facts About the Medicaid Special Needs Trust
Read Our Report to Learn About Trust Administration
Postmortem planning is something that you must take into consideration if you want to leave behind a self-actualizing estate dynamic. Working with an estate planning lawyer to construct legally binding documents is part of the process, but you also have to plan ahead with the eventual administration of the estate in mind. Certain steps must be taken after your passing to get the wheels in motion. If you utilize a last will to express your final wishes you choose an executor or executrix, and … [Read more...] about Read Our Report to Learn About Trust Administration
Obtain Our Report Examining DIY Last Wills
There are various options available to you when you are looking ahead toward the inevitable, and you really should not automatically assume that a last will is the best choice for you. However, many individuals make assumptions and they go forward without professional advice. As a result they sometimes choose courses of action that yield unintended negative consequences. You should certainly discuss your unique situation with a good estate planning lawyer before you decide on a last will as a … [Read more...] about Obtain Our Report Examining DIY Last Wills
Estate Planning as a Grandparent
Estate planning as a grandparent can include providing educational opportunities if you have grandchildren who are still of school age. People who are exposed to the federal estate tax can gain tax efficiency by doing this, and of course providing your grandchildren with the opportunity to help themselves is certainly a good investment. Why would paying for education provide tax benefits? This is because of the fact that you may pay the college tuition of students without incurring any gift … [Read more...] about Estate Planning as a Grandparent
Providing for Individuals With Disabilities
Deciding how you will arrange for asset transfers for the benefit of those that you love is part of the estate planning process. You don't have to give direct inheritances to each individual, and in many cases this is actually not the best course of action. Every family is unique, and this is why it is important to discuss your future with a good central New Jersey estate planning lawyer. Experienced professional guidance is the key to a well constructed estate plan that covers all your bases … [Read more...] about Providing for Individuals With Disabilities
