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Ask an Estate Planning Attorney in New Jersey: Strategies for Estate Planning During a Divorce

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Many spouses take out life insurance plans and list themselves as beneficiaries to pensions, 401k plans, and other retirement benefits. The idea is to provide protection to the spouse and family in the event of a death. A divorce, especially if one of the spouses remarries, dramatically changes the couple’s original estate plan. While the divorce is underway, each spouse has certain rights to retirement accounts and each must meet his or her legal obligations until a divorce settlement is reached.  For more information click here .   estate planning attorney new jersey ,  estate planning lawyer NJ ,  Wills and Probate Lawyers                                                                                                                                  A time will come when assets get divided. Soon thereafter, the estate plan needs to be revised. Below is a list of four things a divorced spouse should do to get his or her estate plan updated to reflect the end of t
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Selling the House During Divorce? Everything You Need to Know From Divorce Lawyers in Hackensack, NJ

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If you are contemplating filing a divorce, contact the Divorce Lawyers in Hackensack, NJ at the Giro Law Firm to schedule a confidential consultation today.                                                The marital home is usually one of a couple’s largest assets and is often jointly owned. So, in the event of a divorce, who gets the house? If there are children from the marriage, does the divorcing couple want to keep the children in the marital home post-divorce to minimize the impact of the change? Can the couple afford the mortgage post-divorce without the financial assistance of the other?  For more information click here .   Divorce Attorney new jersey ,  divorce lawyers hackensack nj ,  divorce attorney in hackensack nj These are just some of the questions that come up when division of the marital home is discussed with the Divorce Lawyers in Hackensack , NJ. What follows is a quick guide to everything you need to know about selling the marital home during the di
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Ask Lawyers in Hackensack, NJ: Where do You Probate a Will in New Jersey?

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Probate is not always required after someone dies. The requirement to probate a will in New Jersey depends on what assets the deceased person owned. If a will needs to be probated, the deceased person’s will must be filed in the county in which the deceased person resided at the time of death. The county clerk will verify that the county of residence contained in the death certificate matches the court where the will is being filed for probate.  For more information click here .  elder lawyers hackensack nj , elder care lawyers in nj , Asset Protection Lawyers near me , Alimony Lawyers near me , Veterans Attorney New Jersey                                                                                           How to Determine the Residence of the Deceased Person Under New Jersey law, a person’s residence is the place where the person lives with the intent to remain. For example, if Annabella owns a house in Jersey City, NJ and has lived there for the past 45 years bu
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A Family Law Attorney Newark Guide to Family Law: Thinking About Adoption in New Jersey

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Families come in all shapes and sizes. The reasons to expand or form a family through adoption are varied and highly personal. New Jersey has three main ways to adopt a child. They are private adoptions, step-parent adoptions, and grandparent adoptions. For more information click here .   divorce attorney in newark nj ,   family law attorney newark nj ,   child support attorney newark nj Adoptions can be open or closed, meaning the identity of the birth mother and adopting family are anonymous and remain confidential. Adoptions can also be domestic (within the United States) or international, when the child is born in another country. Adoptions can be contested, involve same-sex parents, foster parents, or involve the adoption of a special needs child. For more information click here. family law hackensack nj ,   family law firm hackensack nj ,   family law attorneys in hackensack nj Private Adoptions The prospective parents coordinate the adoption of a child with t
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An Elder Care Attorney in Newark’s Guide to Elder and Estate Planning: Dying Without a Will

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Aretha Franklin’s estate is said to be worth $80 million. Ms. Franklin did not have a will. What is next for her heirs? Lots of headaches are the predictions. Dying without a will is known as dying intestate. A will is a written document that disposes of the deceased person’s property according to the deceased person’s wishes. When an individual dies without a will, his or her property is distributed to heirs according to a process and procedure outlined in New Jersey’s intestacy laws. For more information click here .   elder care attorney nj ,   elder care lawyers in nj , elder law new jersey ,   elder law attorney new jersey ,   elder law attorney nj ,   elder care attorney near me Why Draft a Will? People mistakenly believe that when they die, their property will pass to their family or heirs. Heirs are spouses, children, siblings, parents, and cousins of the deceased person. If a deceased person does not specify who gets what property, the state of New Jersey will
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An Elder Care Attorney’s Guide to Elder and Estate Planning: Using an Annuity to Help the Spouse of a Medicaid Applicant

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Annuities are sold to individuals who seek stable and guaranteed retirement income. A lump sum is paid in exchange for a steady stream of income at a later date, usually at the holder’s retirement. Be wary however, of any representation that an annuity helps a person qualify for Medicaid. Any deferred annuity purchased as a planning measure will be considered a countable asset for Medicaid planning purposes. For more information click here . divorce attorney in newark nj , family law attorney newark nj , child support attorney newark nj   What is an Annuity? According to Investopedia , an annuity is a financial product that pays out a fixed payment to an individual and is used primarily as an income stream for retirees. The period of time when an annuity is being funded and before payouts begin is referred to as the accumulation phase. When the payments commence, the contract is in the annuitization phase. Annuities are funded with a lump sum payment or through payments
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Avoiding Divorce Lawyers: The Rise of the Prenup

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One spouse is the saver; the other spouse the spender. One spouse buys on credit; the other spouse saves first and then buys. One spouse is saving and planning for retirement; the other spouse is living for today. Over time, these habits lead to conflict in a marriage and in the end, it brings the marriage into divorce. One of the top reasons couples divorce is not money, but lack of financial compatibility. While it is true that opposites attract, in the financial arena, they actually repel each other with disastrous results. Prenup agreements can be helpful to marrying couples and a non-emotional way to understand a couple’s financial compatibility prior to marriage. For more information click here . elder care attorney nj , elder care lawyers in nj , elder law new jersey , elder law attorney new jersey , elder law attorney nj , elder care attorney near me                                                                                                                          
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