Many New Jersey residents are able to remain in their homes as they get older, even if they don’t have family living nearby, because they have an in-home caregiver. These caregivers can provide a range of services, big and small, to help older people with the...
An advance directive is a legal document that states your preferences for medical choices to be made on your behalf in the event that you are unable to do so. It acts as a guide for your loved ones and medical staff to follow when making decisions on your behalf if...
Your home isn’t just the place you live – it’s also a considerable portion of the wealth that you have to pass on to those you love. Deciding how to pass this asset to your chosen beneficiaries can be complicated because there are several different methods you can...
Relying on a will alone to protect your wealth after you are gone may leave some loose ends since you never know what lies ahead. For instance, imagine leaving your assets to your children through a will. If they incur significant debt, their inheritance could be on...
A medical power of attorney is a representative, such as a spouse or family member, that can act on your behalf if you can no longer make decisions on your own because of a mental or physical disability. Once you have picked the right power of attorney to help manage...
A power of attorney gives you a chance to choose an agent. For instance, a medical power of attorney will be focused on healthcare decisions. If you’re incapacitated and you can’t make these decisions, your agent is allowed to do so. It’s important to choose the right...
If you’re concerned about asset protection as you age, it’s important to look beyond the traditional estate planning scope of tangible assets and financial accounts. For older adults, protecting digital assets has become an essential component of comprehensive estate...
There are many different ways to pass wealth to the next generation. Financial assets could be listed in a will and given to someone directly. They could be put in a trust so that the beneficiary gets payments at certain times or at the discretion of the trustee....
Discussing an estate plan with family members is a delicate matter. It’s a conversation often laden with emotion because of the weight of financial implications and the reminder of mortality. However, this conversation is crucial for ensuring that your wishes are...
Trusts are often a fundamental part of estate planning. There are many types of trusts, each with unique features and benefits. Among these, irrevocable trusts are considered one of the most powerful tools in protecting and preserving wealth. While they may seem...
