Estate Planning is Vital to Protecting Your Future Estate Planning in New Jersey At Bratton Law, we understand the importance of putting your affairs in order. Estate planning lets you put all of your affairs in order by creating a last will and testament. This legally binding document explains how your assets, or estate, will …
What is a Special Needs Trust?
A special needs trust is a unique financial planning option that ensures the future well-being of a child, grandchild, sibling, or dependent with special needs. This type of trust, when created in accordance with all applicable laws, will secure your loved one’s financial future. It will also ensure your dependent’s eligibility for government benefits is …
What Is the Difference Between Elder Law and Estate Planning?
Do you have questions about the difference between elder law and estate planning? You are not alone. According to the Administration for Community Living (ACL), there are approximately 50 million Americans aged 65 or older. That represents approximately one out of every seven Americans. The areas of elder law and estate planning both impact the …
What Are the Three Conditions to Make a Will Valid?
A last will and testament names a representative to manage your affairs upon your death and ensures that your assets are distributed according to your wishes. In New Jersey, there are three conditions to make a will valid: The testator, or person making the will, must be at least 18 years old and of sound …
What Is an Estate Plan?
An estate plan outlines your preferences and priorities for your estate if you become unable to make or voice those decisions due to illness or death. This plan is not a single document, but a group of tools that clearly explains what should happen in any given situation. The best way to create an estate …
Why Is Estate Planning Important In The State Of New Jersey?
Estate planning is important in the state of New Jersey because it is the only way you can decide what happens to your assets after your death. It plays a key role in providing for your family’s financial stability and it has many advantages. No matter if you have a high asset estate or if …
How Do You Protect Your Assets If Your Business Is Sued?
You can establish an irrevocable trust and take other steps to protect your assets if your business is sued. If you do not have an adequate asset protection plan in place, your personal wealth could be at risk because of your business liability. Your family could lose your house, your savings, and other assets. At …
Does a Living Trust Protect Your Assets from Lawsuit?
A living trust does not protect your assets from a lawsuit. Living trusts are revocable, meaning you remain in control of the assets and you are the legal owner until your death. Because you legally still own these assets, someone who wins a verdict against you can likely gain access to these assets. There are …
At What Age Should You Begin Thinking About Estate Planning?
At Bratton Estate and Elder Care Attorneys, our estate planning attorneys believe there is no specific age at which you should begin thinking about estate planning. It is never too early to consider what would happen to your assets if you passed away. We can help you put a plan in place that meets your …
Why Do Some Estate Planning Cases Go To Litigation?
Most New Jersey estates go through probate and administration without a problem. The executor of the will or administrator of the estate handles the matter at hand, pays any outstanding debts, and the heirs receive the assets due to them. Occasionally, though, there is a hitch in the process and disputes occur, sometimes ending up …
