New Jersey Estate Planning Basics

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ESTATE PLANNING
BASICS
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Every adult should have an estate plan in place.
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This presentation explains the basics.
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ASSET TRANSFER
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You will need to determine how your assets will
be transferred when you pass away.
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Two of the most common options for transferring
assets are a last will and a living trust.
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ADVANCED HEALTH CARE DIRECTIVES
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• INCAPACITY strikes a
• significant percentage
• of adults.

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• For this reason it is important
• to execute
• advance health care directives.

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LIVING WILL and DURABLE POWER OF ATTORNEY
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With a living will you express your choices
about life support measures.
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With a durable power of attorney you name people
to make decisions on your behalf should it
become necessary.
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ESTATE TAX PLANNING
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EVERYONE in all 50 states is subject to the
federal estate tax.
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In New Jersey we also have an estate tax and an
inheritance tax.
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ESTATE TAX EXEMPTIONS
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In 2013 the federal estate tax exclusion is
5.25 million.
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However, the New Jersey exemption is just
675,000.
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POST MORTEM PLANNING
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It is important to execute documents expressing
your final wishes.
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However, you must also address the matter of the
estate administration.
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OUR FIRM CAN HELP
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It takes experience and expertise to devise an
effective estate plan.
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If you are ready to get started contact our firm
to arrange for a FREE CONSULTATION.
contact our firm