12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Overview of Estate Planning in Avalon, NJ

Overview of Estate Planning in Avalon, 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


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.

Estate Planning 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 12Law.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.

 
Personalize & Print a Free NJ Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free NJ Living Trust Create This Document
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 Avalon, NJ
Cerussi & Gunn Pc
600 Broad Stste D
Shrewsbury, NJ 07702
(732) 936-9920
Insurance Attorneys, Attorneys, Personal Injury Law Attorneys
Strugibenetti Jessica S
655 Shrewsbury Ave # 301
Shrewsbury, NJ 07702
(732) 741-9900
General Practice Attorneys, Attorneys
Connell Foley
34 Exchange Pl
Jersey City, NJ 07302
(201) 521-9723
General Practice Attorneys, Attorneys, Legal Service Plans
Irwin D Tu
526 Broadway
Bayonne, NJ 07002
(201) 243-9700
Attorneys,  Family Law Attorneys,  Real Estate Attorneys,  Estate Planning Attorneys,  Criminal Law
Jasinski, P.C.
60 Park Pl Fl 8th
Newark, NJ 07102
(973) 824-9700
Labor & Employment Law Attorneys, Legal Service Plans, Attorneys
Grodberg Harold
590 Avenue C # 2
Bayonne, NJ 07002
(201) 436-9644
Attorneys, General Practice Attorneys, Legal Service Plans
Dunn Michael
2 Executive Campus # 402
Cherry Hill, NJ 08002
(856) 317-9640
General Practice Attorneys, Attorneys, Legal Service Plans
Dawson Michael
2 King Arthur Ct # 6
North Brunswick, NJ 08902
(732) 993-9600
Attorneys, Legal Service Plans
Hernandez Jose W
601 Longwood Ave # B
Cherry Hill, NJ 08002
(856) 779-9500
Attorneys, General Practice Attorneys, Legal Service Plans
Finnerty William J
25 W 8th St # A
Bayonne, NJ 07002
(201) 437-9500
Attorneys, Legal Service Plans
Hunsberger Theresa C
144 W Broad St
Bridgeton, NJ 08302
(856) 455-9500
Estate Planning Attorneys,  Attorneys,  Family Law Attorneys,  Divorce Attorneys,  Real Estate Attor
James S. Friedman
17 Academy St Ste 305
Newark, NJ 07102
(973) 353-9500
DUI & DWI Attorneys,  Attorneys,  Criminal Law Attorneys,  Legal Service Plans
Ben A Kaplan
3 2nd St
Jersey City, NJ 07302
(201) 795-9500
General Practice Attorneys, Attorneys
Michelman David
811 Church Rd Ste 117A
Cherry Hill, NJ 08002
(856) 661-9499
Attorneys, General Practice Attorneys, Legal Service Plans
Elliott Whitney
972 Broad St
Newark, NJ 07102
(973) 623-9448
General Practice Attorneys, Attorneys
Whitney Elliott
45 Academy St
Newark, NJ 07102
(973) 623-9448
General Practice Attorneys, Attorneys
The Law Offices or Richard Rinaldo ESQ
349 W Grand St
Elizabeth, NJ 07202
(201) 386-9400
General Practice Attorneys, Attorneys, Legal Service Plans
Borowsky & Borowsky
59 Avenue At The Cmn
Shrewsbury, NJ 07702
(732) 212-9400
Litigation & Tort Attorneys, Attorneys
Tobin Koster Newark
50 Park Pl # 1
Newark, NJ 07102
(973) 624-9339
Attorneys
Carpenter Vera
17 Academy St # 513
Newark, NJ 07102
(973) 624-9299
Attorneys, Legal Service Plans
O'Connor Kimball
51 Haddonfield Rd Ste 330
Cherry Hill, NJ 08002
(856) 663-9292
Attorneys, Legal Service Plans
Galanaugh Timothy J
51 Haddonfield Rd Ste 330
Cherry Hill, NJ 08002
(856) 663-9292
General Practice Attorneys, Attorneys
Mitchell Law Offices, LLC
744 Broad Street 16 FL
Newark, NJ 07102
(973) 302-9277
Credit & Debt Counseling,  Business Bankruptcy Law Attorneys,  Bankruptcy Services,  Bankruptcy Law
Schenerman Brad S
50 Park Pl # 925
Newark, NJ 07102
(973) 621-9244
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US