Mortgage interest rates have been at historic lows the past few years, and this had led to unprecedented numbers of homes being bought and sold at incredibly high prices, especially in states like New Jersey. Borrowers who reach out to relatives can often get even lower interest rates, and there are companies that specialize in …
Deciding who will inherit the family home can be a difficult task. Besides the inherent value of the property that is involved, family members form emotional attachments to the places that they grew up and spent so much time in. The most common scenario used to be older parents living in houses by themselves and …
A Power of Attorney (POA) is a key part of a solid estate plan. It is important to assign someone you trust as POA to make critical decisions on your behalf if you become incapacitated. While a POA is a legally binding document, it can also be revoked or changed if you desire. Continue reading …
In the U.S., individuals and families with large estates and wealth must pay federal estate taxes, which apply to rich estates worth more than $12.06 million (as of 2022) or more than $24 million for married couples. This blog sheds light on what estate taxes are, what percentage heirs must pay, and how estate taxes …
When an individual creates a will, they typically appoint someone to carry out their wishes after they pass away. That person is the executor of the will. They manage the estate according to the decedent’s directives and distribute any remaining assets according to the will. If you are named an executor in will, you probably …
Planning for one’s death is never a fun topic to dwell on, but it is a necessary and also a wise thing to do. No one can know when they are going to die. That is why a reasonable person should put together a plan, in writing, as to how they wish their property to …
One of the most important things you should do pertaining to your estate and end-of-life planning to have a last will and testament as well as an advanced healthcare directive. If you speak to any lawyer, they will tell you it is very important to have both of these things, especially if you have children. …
Even without estate planning, there are laws in place for married couples to distribute property and assets to either the other spouse, children, or parents. However, there are few laws for unmarried couples, even if they have lived together for a lengthy period of time. That is why estate planning is imperative for elderly, unmarried …
If you believe your insurance claim was incorrectly denied, hiring an experienced insurance attorney can improve your chances of successfully overturning the company’s decision. In fact, hiring an attorney even before filing the initial claim greatly increases the likelihood your claim will be approved. Insurance companies employ different tactics based on whether the claimant has …
A power of attorney (“POA”) is a legal document that you can use to let another trusted person make decisions on your behalf when you cannot make those decisions for yourself. Under a POA for yourself, you are called the “principal” and the person you are giving the power to is called your “agent.” There …
