Volume 2, Number 4
|Table of Contents|
Ten Estate Planning Ideas For A Divorced Or Separated Persons
By Kenneth A. Vercammen, Esq.
Under the law in New Jersey, if a person dies without a Will and without children, their spouse will inherit all assets, even if they are separated from the spouse. In addition, if you have children from a previous marriage, but no Will, your separated spouse will get half your estate. In planning, make sure your assets go to your loved ones or favorite charity. Therefore, you may wish to do the following:
Planning can only be done if someone is competent and/or alive. Make sure your assets can be passed directly to your loved ones.