Q: Are your children ready to inherit your wealth? New York and New Jersey estate planning attorneys assist clients with comprehensive estate plans designed to distribute the wealth they’ve accrued during their lifetimes to the people and/or charities that matter most to them. Generally, the beneficiaries include their children, whether minors or adults. But what...

Q: What are asset protection trusts? Many people venture off to their first appointment with a New York or New Jersey estate planning attorney thinking they will come out of it with a last will and testament-- commonly known simply as a “will”. But that isn’t always the case. In fact, a comprehensive estate...

When you start a new job, your boss makes you fill out forms about your retirement account and any employer-provided life insurance. You write someone’s name in the “beneficiary” box, then forget about it. Years go by, and you do not think about revisiting those beneficiary selections. In that time, you might have opened...

For many parents, talking with their children about money is as stress-provoking as talking with them about the birds and the bees. The parents procrastinate, and many never get around to talking with their kids about how to manage their money. As estate planning lawyers, we see people who reach adulthood and do...

Q: What are advanced directives and why they are important in a pandemic? The global pandemic has caused a sense of urgency in people without a comprehensive estate plan. Many people know what a last will & testament is, even though less than one in three people have had one drawn up according to a...

Q: Should I divide my estate equally among my children? At one point or another during childhood – and even in adulthood – parents with multiple children have likely been accused of favoring one child over the other(s). While this kind of sibling rivalry is natural and generally harmless, how parents distribute an inheritance to...