It is important for every adult to have an estate plan. This is true regardless of your age or the value of your estate. It is important for you to decide how the assets you have accumulated during your lifetime will be distributed in your death. It is important for individuals and couples to ap...
A trust is a legal entity and fiduciary relationship that allows an individual called a trustor or grantor to give another party, the trustee, the right to hold title to property and assets for the benefit of a third party, the beneficiary. Trusts are created for a number of reasons, for exa...
What is an Advanced Directive? An Advance Directive, sometimes called a Healthcare Directive or Advance Healthcare Directive, is a document that is created to ensure your preferences as to medical treatment are followed if you are unable to make your own decisions. It goes into effect if your ...
A Power of Attorney is a legal document that allows the principal to appoint an agent to act on his or her behalf. Powers of Attorney are only effective during the life of the principal, and the designation ends upon the death of the principal. There are different types of Powers of Attorney (POA)...
A Will, sometimes called a "Last Will and Testament," is a document that designates how your assets and possessions will be distributed and, if necessary, appoints individuals to care for you minor children upon your death. A Will will appoint an an Executor or Executrix, who serves to adminis...
Starting a New Business Starting a business is an exciting time with much to consider. Properly forming your business is an important first step, as it can protect your personal assets and provide favorable tax treatment. If you are interested in forming a business in the state of New Jersey, ...
Estate Planning is a term that includes the planning and preparation of documents that will direct how your family, property, health, medical decisions, money, and even pets, are treated in the event of your death, disability or incapacity. An estate plan often includes documents you may...