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What are the first planning steps a couple should take when one spouse's health starts to decline? Before a crisis hits, it's crucial to ensure that all necessary legal documents are in order, including wills, advanced medical directives like durable healthcare powers...

What does the term non-probate asset mean and how is it different from property that goes through probate? Non-probate assets are assets that pass outside of the probate process. These assets do not require court supervision for transfer upon the owner's death. They...

Estate planning is vital as it ensures that individuals can enjoy their assets during their lifetime while also ensuring that their assets are distributed according to their wishes after they pass away. Unfortunately, many people do not receive proper advice when...

What are the initial steps for someone named as an executor in New Jersey after a loved one passes away? In the first couple of weeks, it's crucial to secure the original will, obtain a certified copy of the death certificate, and schedule an appointment with the...

What does funding a trust mean when someone signs their trust documents? Funding a trust ensures that the assets owned by an individual flow through the trust as intended. It involves directing assets or titling them correctly to ensure they pass through the trust...

In New Jersey, the estate tax is a tax on the estate itself, while the inheritance tax is levied on the heirs based on the amount they receive and their relationship to the deceased. The estate tax has been repealed in New Jersey since January 1st, 2018, and the...

Why has fiduciary abuse become the leading cause of probate litigation in New Jersey? Thomas Begley reports that over 30 years, executor, trustee, and power-of-attorney misconduct now surpasses will contests and guardianships. Clients meticulously allocate assets but...

Why do New Jersey seniors consider transferring their home to children during lifetime? Thomas Begley identifies three primary concerns—avoiding probate, minimizing taxes, and shielding assets from long-term care costs. However, no universal solution exists; improper...

Special needs planning ensures that individuals with disabilities receive proper care and financial support while preserving their dignity and government benefits. This episode of The Estate Blueprint explores alternatives to guardianship, the role of special needs...

Estate planning for second marriages requires careful strategies to balance support for a new spouse with obligations to children from prior marriages. This episode of The Estate Blueprint explores common pitfalls, such as improper beneficiary designations and poorly...