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No parent likes the thought of passing away and leaving their child in need of care. It’s a terrible hypothetical, but one that families should be prepared for in the event of a tragedy. Whether your child is a minor or an adult without the capacity to care for themselves, who will be responsible for your child and their well being is a key factor to creating an estate plan. If you are struggling...

When starting a business, you’ll need to select an ownership structure for your new venture. There are pros and cons to each business structure and it’s beneficial to devote time to learn about each one and choose the best for you. All of the decisions you make when beginning this journey are important, but choosing the type of legal structure is probably the most important thing relating to taxes. There are five main business...

Your co-owner may be a spouse, sibling, friend or professional connection, but your partnership agreement will form the basis of your working relationship for the lifespan of your business. Not only will determining ownership affect each owner’s personal finances, but it will also shape the way that your business grows over time. Keep in mind, however, that ownership and liability may not necessarily be the same; your attorney can provide further information about each...

After a loved one passes away, figuring out how to administer his or her estate can be challenging, particularly if you have never done it before. You’ve likely heard horrible things about estates languishing in probate and wonder if that is going to happen to you. If it does, do not worry. You do not have to endure the probate process alone. What is probate? Is it always necessary? How does it work in New...

Making most of the decisions regarding your trust may not have been terribly challenging. More than likely, you already had some idea of who to name as the beneficiaries, along with how and when distributions would take place. Then, it came time to decide who would administer your trust. This decision is the one that you may recognize carries a significant amount of importance for the futures of your beneficiaries. If you choose the...

As summer approaches, many people make plans for vacation. This is a time to relax and refresh so you can feel renewed when you get back to work. If you are a small business owner, you may wish to use your vacation — or any downtime — to consider the goals you have for your business. Goals are essential for new business ventures, but even veteran business owners can benefit from seeing plans through...

Estate planning is a crucial step for every New Jersey family, but your family may have special needs that you should address with your estate plan. If you have a special needs child or you have a family member who will not be able to care for himself or herself in the future, you can include certain things in your plan for that person’s care. One of the ways you can do this is...

Estate planning is an important step for all New Jersey adults, regardless of the size of their estates. You have worked hard to build your estate, save for your future and build wealth to leave your loved ones, and you have the right to decide what happens to it. Whether you own a little or a lot, estate planning allows you to make important decisions about your property. Having a will is good, but...

You may be starting out in your medical career or looking for a change of scenery when you find yourself in the stressful process of finding a new job. There are many things to consider when job hunting, such as the location of the facility and the kind of medicine you will practice. Because you may hope to stay in your next position for many years, you will want to make sure it will best...

When motivation strikes, you may want to get moving on a project as quickly as possible. While some endeavors may have the ability to be addressed and completed quickly, other more-involved undertakings may need more time for planning and assessment. If you have finally made the decision to get started on the process of forming your own business, you may want to take a step back and fully consider the scope of the project. ...