Newark Family And Estate Law Blog
How to check for assets in unexpected places
Your parent may ask you to serve as the executor for his or her estate. As executor, you will be responsible for passing your parent’s assets to heirs after your mother or father has died. If you agree to the request, you should know how to locate your parent’s assets
Catching up on child support arrears – COAP
If people fall behind on their child support, it sometimes affects the other parents’ ability to provide for their children’s basic needs. As a result, they may apply for assistance through state or federal programs. In addition to owing their past-due support payments, then, people may also have to pay
How a stipulated judgment can smoothen your divorce
Traditional divorce proceedings can take up to a year or more before the judge grants the final decree. This amount of time may be very difficult and expensive. Fortunately, there is a way to expedite the process: through a stipulated judgment. If both parties agree on all terms in their
Should you include a trust in your estate plan?
When you think of estate planning, your mind likely goes to will creation. While wills are an essential part of legally-binding estate plans, living trusts are also beneficial. Despite popular sentiment, trusts are not only for the very wealthy. People with moderate wealth can also benefit from them when it
How should executors handle estate debts and expenses?
As you plan your estate, you want to make your executor’s job as easy as possible. If you expect to leave unpaid debts when you die, how should your executor tie up your financial affairs? American Bar Association explains how executors navigate debt and expenses. Set your estate administrator up
What is conscious uncoupling?
There are many approaches that you can take to ending your marriage. While you will need to get a divorce through the court to finalize the legal side of things, the way you go about severing your ties with your spouse is up to you. One option that gained popularity
What do you know about talking to your parents about their estate?
Recently, your parents shared their dreams and goals for retirement. You want your loved ones to enjoy their golden years, but you also want to ensure they plan their estate with the same care they used to plan their retirement. Business Insider shares tips for talking to your parents about
4 policies that must be updated after divorce
After struggling through a challenging divorce process, the last thing you want to do is look at more financial paperwork. Unfortunately, as unsavory as the activity sounds, it is a critical part of ensuring your financial world accurately reflects your new circumstances. For most, a divorce signals the start of
Estate planning considerations for second marriages
Estate planning is a critical aspect of planning for the future. Even if documentation is already in place, second marriages cause the need for change. According to the Pew Research Center, remarrying is on the rise for individuals aged 55 and older. Those within this demographic must be aware of certain
What do you know about discussing a prenup?
You know you want to marry your current partner, but you do not know how to bring up a sensitive subject before you marry. A prenuptial agreement protects you both, but how do you discuss the legal document without offending your significant other? CNBC offers tips for discussing prenups. Have
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