Easy Questions  
Free Legal Documents

Overview of Estate Planning in Adelphia, NJ

Overview of Estate Planning in Adelphia, NJ


Death is not a tragedy to the one who dies; to have wasted the life before that death, that is the tragedy.
 
- Orson Scott Card


Do you think that estate planning is only for rich folk? Estate planning is the process of getting your affairs in order so that if you pass away unexpectedly, things will be much easier for your loved ones. It doesn't have to be hard or expensive or intimidating. Just a few simple steps: Catalog what you own, make a will and create a few legal documents (with the help of 1-2-Law.com) and review the beneficiaries on your retirement accounts. For most Americans, there's no need to worry about estate taxes or fancy trusts.

Do it for your family. You will feel so much better knowing that you've taken care of them.

• Write a will. State in this document the properties you want your beneficiaries to inherit. You can also indicate the guardian for your young children if something happens to you and your partner.

• Select a guardian for your children. Children who will inherit any money or property from you should be designated with an adult guardian to oversee their affairs.

• Update beneficiaries on retirement accounts. You can transfer to your beneficiaries your stocks, bonds and brokerage accounts if you were able to register them. If you have a bank account and retirement plans, naming a beneficiary to these documents can automatically make these accounts "payable on death". This can avoid the probate process.

• Sign up for life insurance. It would be a good investment to get a life insurance if you owe significant amount of estate tax or debts, have young children, and own a house.

• Determine of you will owe estate taxes. Estates taxes will be impose by the government upon your death if your taxable estate is more than the inclusive limits set by law.


• Determine if a living trust is right for you. Property placed in the living trust can be distributed to their designated beneficiaries without undergoing probate which can be expensive and time consuming.

• Define your health care directives . You also need to plan out for your medical care by doing a medical declaration or living will that can indicate the treatments you want or do not want and power of attorney for health care that can assign a trusted person who will make medical decisions for you if you are unable to make it yourself.

• Create a financial power of attorney . If you become incapacitated, handling your affairs can be a problem but not if you have a durable power of attorney for finances. A trusted person you have chosen yourself will be handling your finances and property if that time comes. This trusted person is called an agent or attorney-in-fact.


• Provide for funeral expenses. Payable-on-death bank account can be more reliable and easier to set-up as compared a funeral prepayment plan. This will cover your funeral and other related expenses.

• Make the final arrangements. This document will indicate your wishes for organ and body donations and also the disposition of your body through burial or cremation.

• Define the Succession Plan for your business. Make plans if you own a business by having a successor. If you have a partner in business, have a buyout agreement.

• File all estate planning documents. The person you choose in your will to administer your properties should be given access to your important documents like:

1. will

2. trusts

3. information on bank accounts, mutual funds, and safe deposit boxes

4. information on retirement plans, 401(k) accounts, or IRAs

5. insurance policies

6. real estate deeds

7. certificates for stocks, bonds, annuities

8. Information on debts: credit cards, mortgages and loans, utilities, and unpaid taxes

9. Information on funeral prepayment plans, and any final arrangements instructions you have made.

 
Edit, Download, & Print a Free
New Jersey Last Will
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Edit, Download, & Print a Free
New Jersey Power of Attorney
Page 1
Page 2
Page 3
Page 4
Page 5
 
Edit, Download, & Print a Free
New Jersey Living Trust
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Related Legal Services near Adelphia, NJ
Banks James
22-01 Broadway
Fair Lawn, NJ 07410
(201) 254-9919
Attorneys, Legal Service Plans
Radell Lisa M
207 S Main St
Cape May Court House, NJ 08210
(609) 465-9910
General Practice Attorneys, Attorneys
Sandman Richard E
18 N Main St
Cape May Court House, NJ 08210
(877) 568-9854
Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  DUI & DWI Attorneys,  Estate Planning At
Rose Law Firm
8 Schweid Court
Fair Lawn, NJ 07410
(201) 254-9685
Attorneys, Criminal Law Attorneys, Family Law Attorneys, Divorce Attorneys, Traffic Law Attorneys
Andrew J. Naideck
640 Franklin Ave
Nutley, NJ 07110
(973) 235-9400
Real Estate Attorneys,  Attorneys,  Bankruptcy Law Attorneys,  Traffic Law Attorneys
Michael Makarov
12-18 River Rd.
Fair Lawn, NJ 07410
(201) 773-9399
General Practice Attorneys, Real Estate Attorneys, Attorneys
Creative Financial Network (CFN)
2827 S Broad St
Hamilton, NJ 08610
(609) 570-9369
Credit Repair Service,  Mortgages,  Real Estate Loans,  Marketing Programs & Services,  Banking & Mo
Zeitlin Theodore PA
31-00 Broadway
Fair Lawn, NJ 07410
(201) 794-9300
Attorneys, Legal Service Plans
Boyd William L
1410 S Broad St
Trenton, NJ 08610
(609) 394-8818
General Practice Attorneys, Attorneys, Legal Service Plans
Sirota Barry W
8-14 Saddle River Rd
Fair Lawn, NJ 07410
(201) 797-8811
Attorneys, Legal Service Plans
Cozine Michael E
52 Edgewood Ave
Nutley, NJ 07110
(973) 667-8600
Attorneys, Legal Service Plans
Cicala Law
640 Franklin Ave
Nutley, NJ 07110
(973) 542-8150
Attorneys, Family Law Attorneys
Mick Fred
18 N Main St # A
Cape May Court House, NJ 08210
(609) 536-8139
General Practice Attorneys, Attorneys, Legal Service Plans
Poserina Jr Robert J
1029 S Route 9
Cape May Court House, NJ 08210
(609) 463-8125
General Practice Attorneys, Attorneys
Mc Hugh Andrea P
1029 S Route 9
Cape May Court House, NJ 08210
(609) 463-8125
General Practice Attorneys, Attorneys
Usdin Howard M
12-45 River Rd
Fair Lawn, NJ 07410
(201) 791-8070
Attorneys, Legal Service Plans
Olsen John F
247 Franklin Ave
Nutley, NJ 07110
(973) 667-7770
General Practice Attorneys, Attorneys, Legal Service Plans
Casale Charles J
396 White Horse Ave
Trenton, NJ 08610
(609) 585-7711
Attorneys, Legal Service Plans
Jennifer M Mendelsohn, LLC
16-00 State Rt 208 # Ll1
Fair Lawn, NJ 07410
(201) 796-7700
General Practice Attorneys, Attorneys, Legal Service Plans
Iozzio Frank J
15-01 Broadway # 6
Fair Lawn, NJ 07410
(201) 791-7640
Attorneys, Legal Service Plans
Michael S Harwin Legal Svc
22-01 Broadway
Fair Lawn, NJ 07410
(201) 791-7575
Attorneys, Legal Service Plans
Weltman & Moskowitz LLP
8-14 Saddle River Rd
Fair Lawn, NJ 07410
(201) 794-7500
Attorneys,  General Practice Attorneys,  Legal Service Plans,  Bankruptcy Services,  Bankruptcy Law
Frank Milton
4 Saddle River Rd 17
Fair Lawn, NJ 07410
(201) 796-7400
Attorneys, Legal Service Plans
Joanna D. Brick, Esq.
1600 State Rt 208
Fair Lawn, NJ 07410
(201) 773-6880
General Practice Attorneys, Attorneys, Legal Service Plans
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US