A Novel Approach to Estate Planning

Posted on June 9, 2021

Q: Should I give my children their inheritance before I die? New York and New Jersey estate planning attorneys know that everyone loves their children and wants the best for them. It’s what drives many parents to leave them a nice inheritance after they’re gone. But is that the best—or only--strategy? Some parents — who are...

How is Property Transferred After a Person Dies?

Posted on May 26, 2021

There are many layers to estate planning and definitely more than most people are aware of. Most people think of estate planning as the transfer of ownership of property after a person dies. While there is more to it than that, it is true and it is a major part of estate planning....

Have You Heard of the Estate Tax Changes Proposed by Bernie Sanders?

Posted on May 19, 2021

People often are not aware that estate plans need to be reviewed and updated on occasion. Putting an estate plan is an important thing to do, but it is not a set it and forget it kind of thing. As your life changes, circumstances change, and laws change, so should you consider updating...

What to Do When Your Siblings Cannot Agree On What to do With an Elderly Parent

Posted on May 12, 2021

It can be difficult to watch our parents age. The ones that once cared for our every need may have developed care needs of their own. As parents advance in years, there are unique challenges that will need to be faced and you and your siblings may not be fully prepared to handle it...

Can Adult Children Be on the Hook for Paying their Parents’ Nursing Home Bills?

Posted on May 5, 2021

Have you talked to your parents about planning for the costs of long-term care? The truth is that the majority of individuals will need long-term care at some point in their lifetime and the costs of such can be substantial, to say the least. The earlier you begin the long-term care planning process,...

Beware the Pitfalls of DIY Estate Planning

Posted on April 28, 2021

Have you been tempted by ads proclaiming the ease and low expense of DIY estate planning? There seem to be more and more websites popping up where you can purchase estate planning documents to fill out yourself. Maybe this has appealed to you because estate planning has been on your to-do list forever...

Where Should You Keep Your Estate Planning Documents?

Posted on April 21, 2021

So, you have taken the important step of putting an estate plan in place. Congratulations! You have put solid protections in place for your future and that of your family. Now, the question becomes, where should you store these important documents? A seemingly easy question, where you store your estate planning documents can...

Have You Ever Heard of the Elective Share?

Posted on April 14, 2021

Have you considered trying to disinherit your spouse in your estate plan? While some may not understand why a person would want to do this, it is actually quite common and there can be many reasons behind it. Many, however, will be thwarted in such an attempt to disinherit a spouse because of...

How Trusts Can Be Useful in an Estate Plan

Posted on April 7, 2021

Oftentimes, people most strongly associated estate plans with the creation of a will. While a will often plays a central role in an estate plan, there are a variety of other legal tools that can play prominent roles. Trusts, for instance, can be very useful in an estate plan. With a trust, you transfer...

The Danger of Giving Gifts When It Comes to Long-Term Care Planning

Posted on March 31, 2021

There are many seniors who find joy in giving financial gifts to children, grandchildren, and loved ones. While the generosity is something that both the giver and receiver of such gifts can greatly enjoy, there are other considerations that must be taken into account before an older individual bestows such generosity on someone else....