Moving a lifetime of possessions in or out of the country is one thing, but moving money from country to country without losing it takes a new kind of financial planner. Whether you are retiring to a small cottage in the Cotswolds or coming home after a career that kept…
The old adage is right—a second marriage is indeed the triumph of hope over experience. Add estate planning to keep that hope—and peace in the family—intact. It’s a delicate balance to hold: preserving assets for children from a first marriage and—at the same time—ensuring that your new spouse will have…
We often hear about families who squander fortune; we hear less about families that preserve their wealth and values over generations. Successful entrepreneurs often struggle with estate planning when it comes to their children. Will knowledge of large inheritances to come create spoiled and unmotivated adults? How can wealth be…
Planning to leave an inheritance for your children requires a careful examination of all of your assets, and insurance could be part of that plan. Most couples use term insurance to help protect their loved ones pay the bills after they pass. A question answered in the NJ 101.5 article “Do…
Choosing an executor is not easy, but it is very important. A person who is not capable of managing the tasks can drive even the best estate plan off the path. Part of creating an estate plan is naming an executor who will be responsible for carrying out the wishes…
A lot of details go into being an executor, and some people find it a thankless task. But knowing that you helped someone you love carry out his or her last wishes holds its own reward. Most people are honored when they learn that they have been named executor of…
Whether for reasons of death or divorce, an estate sale can be an emotional roller coaster. Prepare yourself for challenges so that you are not taken by surprise when possessions unleash a flood of memories. It's not always easy to make rational decisions when handling the logistics of an estate sale, explains…
Privacy and a faster resolution to settling estates are just two good reasons to create an estate plan. You really don't have to be a millionaire or famous to create an estate plan, as noted in an article appearing on the Forbes' website, "Prince and Estate Planning: What We Can…
Despite countless celebrity estate battles, most Americans still put off having a will created. Think of a will as an itinerary for your family that will make their lives easier once you are gone. Prince was clearly busy with performing, writing, recording and creating. But that's still not a good…
One Chief Justice's seemingly simplistic will was the target of a lot of humor. Tongues wagged in Washington that he had utterly failed to do any estate planning. The gossips had it all wrong. It may be surprising to outsiders, but Washington D.C. actually functions in many ways as a…