Executor vs Administrator: Understanding Their Roles in Estate Planning

Those tasked with managing the affairs of a deceased individual’s estate, assets, or trust, whether they are referred to as administrators or executors, share identical duties concerning the will, trust, or estate they oversee. The primary difference lies in the manner in which an administrator or executor is designated. While there are merits to selecting anContinue reading “Executor vs Administrator: Understanding Their Roles in Estate Planning”

As you navigate the estate planning journey, it becomes necessary to establish a power of attorney, often abbreviated as POA. In New Jersey, a power of attorney is an individual designated to make decisions on your behalf in situations where you may be incapable of doing so. In the following sections, we’ll explore the various types of power ofContinue reading “Understanding New Jersey Power of Attorney: A Comprehensive Guide”

An estate plan stands as the most efficient means to safeguard your assets and ensure their seamless transfer to your chosen beneficiaries, whether they are your loved ones or others. After you have finished crafting your initial estate plan, it is strongly recommended that you periodically revisit your estate planning documents, at a minimum ofContinue reading “Understanding Key Components of an Estate Planning Checklist”

Losing a loved one is undoubtedly one of life’s most challenging experiences. Amidst the emotional turmoil, it is important to remember that practical matters also demand your attention. As experienced estate planning attorneys, we understand the intricacies of managing financial affairs during this trying time. In today’s discussion, we’ll touch on some key steps toContinue reading “What to Do When a Loved One Passes Away”