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Estate Planning Essentials in NJ: 7 Mistakes to Avoid and How to Protect Your Legacy

Dec 30, 2024

Estate planning 1. Failing to Create an Estate Plan Many New Jersey residents delay estate planning, thinking it’s only necessary for the wealthy or elderly. This misconception can have dire consequences. Without a will or trust, your assets may be distributed according to New Jersey’s intestate succession laws, potentially excluding your intended beneficiaries. By creating a personalized estate plan, you ensure your wishes are honored and provide your loved ones with clarity during a challenging...