Planning ahead for your retirement is important in conjunction with your estate planning. A study by Fidelity Investments recently identified that up to one-third of people hope to make financial resolutions they can stick to. There are six different tips that you can follow to ensure that your retirement goals stay on track. These include: [...]
As you or your elderly parents age, there will frequently come a time when a new level of care becomes important. This is the appropriate time to consider how Medicaid can help assist with your financial planning but it is also time to consider whether or not it makes sense to have in-home care or [...]
If you are not saving enough for your retirement, then you might want to consider adjusting your health and exercise habits to allow you to work longer. A new study from the Transamerica Center for Retirement Studies identified that 39% of people globally who retired earlier than they expected, 29% of them did so [...]
Being an art collector can be a hobby that you work on over the course of your life. Many art collectors discover, however, that their children may not be interested in the valuable collection that has been amassed. This presents the unique quandary when it comes to estate planning for the art collector. As with [...]
It's the middle of the year which seems like a great time to mentally check out and go on vacation. However, it's appropriate to conduct a mid-year estate planning checklist. Having a consultation with your New Jersey estate planning attorney is one way to ensure that all of your materials are still on track and [...]
Most people who understand the basics of asset protection probably have a revocable trust that can be easily changed and will eliminate the need for probate or naming a guardian in the event that you become incapacitated or pass away. However, leaving this as your primary mode of asset protection is risky. This type [...]
Under the gift tax, certain amounts of money can be given as an individual or as a married couple without the consequences of direct taxes. Whether this was a formal part of your estate plan or not, it can be one way that you help to support children as well as move assets outside [...]
Getting married for a second or third time is increasingly common in the United States. However, the complicated estate planning and financial issues can be anything but simple if you don't schedule a consultation with an estate planning lawyer well in advance. There are many different issues that can emerge when it comes to blended [...]
A new study has analyzed data on aging in the U.S. and how people nearing retirement feel about it overall. Plenty of government data indicates that there are two key factors influencing the aging population in America: longevity and the rising cost of healthcare. For anyone nearing retirement age, it’s important to consider how [...]
Not having any direct heirs might seem like an easy out when it comes to estate planning, but skipping over this process could be a big mistake. Make sure you've taken the opportunity to sit down with an experienced estate planning lawyer to talk through all the options. You may be able to make use [...]
