When should I make a will? Obviously, no one wants to think about his or her own death, let alone prepare for it. However, it’s important to understand that writing a will doesn’t mean you’re planning to die any time soon. In fact, it could take months or even years before you actually pass away. So, when should I make a will? Well, it’s not just because you might get hit by a bus tomorrow. Writing a will and other Read More
10 Things To Know About Writing A Will in New Jersey
Below are 10 things you should know about writing a will. Did you know that according to an AARP survey, 2 out of 5 people in New Jersey over the age of 45 don't have a will? What is a Will? A will is simply a legal document in which you, the testator, declare who will manage your estate and who will get your "stuff" when you die. What Happens If I Don't Have a Will? Putting your wishes on paper helps your heirs Read More
What Can Jim Morrison’s Simple Will Teach Us About Estate Planning?
It’s a bit of ancient history, but Jim Morrison’s will highlights a misunderstanding in estate planning that is still common today: What happens to the balance of a bequest when the beneficiary dies? When The Doors lead singer died in 1971 at age 27, his will provided that his entire estate would pass to his girlfriend, Pamela Courson, provided she survived him by three months. If Courson, his "primary Read More
