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Do You Know How to Probate an Estate?

Do You Know How to Probate an Estate?

POSTED ON: March 5, 2024 BY: Troy Werner
You might have a job or just have retired, and you learn suddenly that your Great Aunt Lucy died and named you executor of her will. How hard could it be you ask to resolve an estate by yourself without professional advice or a competent professional beside you?
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Crafting Your Family's Financial Future: The Power of Family Trusts

Crafting Your Family's Financial Future: The Power of Family Trusts

POSTED ON: March 4, 2024 BY: Troy Werner
Establishing a family trust can be a crucial step in protecting your assets and ensuring the financial well-being of your family. If you’re considering setting up a family trust, contact an experienced estate planning attorney to explore your options and create a plan tailored to your needs.
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What are the Important Steps in the Estate Planning Process?

What are the Important Steps in the Estate Planning Process?

POSTED ON: March 3, 2024 BY: Troy Werner
An estate plan lays out how you want your assets handled at your death or when you’re physically or mentally incapacitated. No wonder most people procrastinate creating one.
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What Questions Should You Ask an Estate Planning Attorney?

What Questions Should You Ask an Estate Planning Attorney?

POSTED ON: March 2, 2024 BY: Troy Werner
Estate planning is not as simple as executing a will.
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Top 5 Estate Planning Nightmares You Can Avoid with a Will

Top 5 Estate Planning Nightmares You Can Avoid with a Will

POSTED ON: March 1, 2024 BY: Troy Werner
In the realm of estate planning, a common adage rings true: “Failing to plan is planning to fail.” As an experienced estate planning attorney, I’ve witnessed firsthand the turmoil and heartache that can ensue when individuals neglect the crucial step of…
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Should You Talk with Loved Ones about Your Estate Plan?

Should You Talk with Loved Ones about Your Estate Plan?

POSTED ON: February 29, 2024 BY: Troy Werner
At some point, you’ll want to share your estate plans with your loved ones—and the first step in this process may be to hold a family meeting.
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The Pitfalls of Adding a Child to Your Home's Deed

The Pitfalls of Adding a Child to Your Home's Deed

POSTED ON: February 28, 2024 BY: Troy Werner
While adding a child to your home's deed might seem straightforward to manage your estate, it's fraught with potential problems and complications. This article reviews the implications and alternatives to adding a child to your home’s deed, with the goal of ensuring your estate plan is effective, efficient, and aligned with your long-term intentions.
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Beneficiary Designations Need to Be Updated

Beneficiary Designations Need to Be Updated

POSTED ON: February 27, 2024 BY: Troy Werner
A recent New Jersey Appellate Division decision should remind you to keep track of the designations of all non-probate assets to ensure that they pass in accordance with your testamentary intentions.
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Taxes that Affect an Estate

Taxes that Affect an Estate

POSTED ON: February 26, 2024 BY: Troy Werner
Estate tax and inheritance tax significantly impact an estate’s value. Estate tax is levied on the estate’s total value at death before distribution to beneficiaries. In contrast, inheritance tax is imposed on the beneficiaries based on the value of assets received. Understanding these taxes is critical for effective estate planning…
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Do Not Neglect Digital Estate Planning

Do Not Neglect Digital Estate Planning

POSTED ON: February 25, 2024 BY: Troy Werner
If you don’t have a written plan in place, all sorts of things could snowball, starting with your heirs or caretakers not having log-in credentials to access your online accounts.
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