Blog Layout

Settling an Estate After the Death of a Loved One? Why You Need an Attorney

lfsuser • Jan 24, 2020

When a loved one passes away, it is a difficult and emotional experience. Along with this, you may have the responsibility of now trying to settle their estate. Depending on the size and complexities involved, this can be a daunting task. Whether your loved one had a will, trust, or perhaps both, knowing what to do can be hard to determine, and the last thing you want to do is make mistakes that further complicate the process. To make this transition as smooth as possible, here are some reasons why working with a Fairfield NJ estate planning attorney at the Law Offices of Faloni & Associates can be important.

Navigating Probate Court
 Since you are required by law to submit a will to probate court, having an attorney working with you on this matter can help avoid various problems. Since there will be paperwork during this process and laws vary from state to state, an attorney can advise you on which steps you need to take.

Wills and Trusts
 If your loved one left both wills and trusts, you will need an attorney to make sure all laws are properly followed. For example, while a will is required to go through probate, a trust is not. This, coupled with the possibility of having numerous beneficiaries waiting for distribution of property, make working with experienced Fairfield NJ estate planning attorneys essential.

Notifying Beneficiaries
 Unfortunately, many family disputes occur when a loved one passes away and substantial amounts of money or property are at stake. To make sure all goes well, and everyone knows all details have been handled according to the law, always have an attorney working with you when communicating with beneficiaries.

Rather than take on the task of settling an estate on your own, schedule a consultation with a trusted legal professional at the Law Offices of Faloni & Associates.

Dementia Can Put Financial Wellbeing at Risk

By David Faloni • 09 Dec, 2021
Reduced brain function may be indicative of dementia and can result in poor financial decisions. If you are age 50 or older, easy access to your financial assets like stocks and bonds, checking and savings accounts, money market accounts, and other assets can lead to loss of these funds if an unauthorized person gains access… The post Dementia Can Put Financial Wellbeing at Risk appeared first on Faloni Law Group.

How Diet and Exercise Affect Alzheimer’s Disease

By David Faloni • 02 Dec, 2021
Symptoms such as memory issues should never be dismissed.  There are many resources available through a simple internet search, and professional associations that provide education and guidance through a maze of questions you may have regarding how to approach someone you suspect may be experiencing memory loss, or how to ask for help if that… The post How Diet and Exercise Affect Alzheimer’s Disease appeared first on Faloni Law Group.

Assisted Living Communities of the Future

By David Faloni • 26 Nov, 2021
Assisted living is changing for seniors with new advancements in medicine, technology, and socioeconomics. The rising cost of assisted living means that some families are looking for new alternatives, while those who consider traditional assisted living have new options to consider. Alternatives to assisted living include multigenerational housing and in-home care. As these options become… The post Assisted Living Communities of the Future appeared first on Faloni Law Group.

Considerations for Choosing Co-Agents

By David Faloni • 18 Nov, 2021
I have to decide between my two children, who should be my power of attorney when I need help communicating with doctors and handling my financial matters. Can’t I just name them both? You can, but please don’t. You risk creating conflict or chaos if you name more than one child to serve simultaneously. Instead,… The post Considerations for Choosing Co-Agents appeared first on Faloni Law Group.

The Benefits of Having a Family Caregiving Meeting

By David Faloni • 11 Nov, 2021
When caring for an aging family member, a family caregiving meeting can be a great way to coordinate communications and activities. These meetings are beneficial for helping to keep all family members abreast of decisions that need to be made, changes in diagnosis or prognosis, and help to ensure that all family members feel that… The post The Benefits of Having a Family Caregiving Meeting appeared first on Faloni Law Group.

The Importance of Clear End-of-Life Care Instructions

By David Faloni • 04 Nov, 2021
You would hope your living will is properly prepared and your resuscitation instructions or DNR (do not resuscitate) are in order. While your wishes in a living will may be appropriately documented, that does not guarantee the instructions will be carried out as you stated. The frightening truth is that mistakes about your end-of-life instructions… The post The Importance of Clear End-of-Life Care Instructions appeared first on Faloni Law Group.

The Effects of a Second Marriage on Medicaid

By David Faloni • 28 Oct, 2021
When you embark on a second marriage, you should be aware of how this will affect you and your new spouses’ Medicaid benefits. Current costs for long-term care facilities can run between $70,000 – $150,000 annually. Studies show that 70% of Americans will need that kind of care, perhaps for three years or longer. If… The post The Effects of a Second Marriage on Medicaid appeared first on Faloni Law Group.

Apply These Five Lifestyle Habits to Lengthen Your Life Span

By editor • 21 Oct, 2021
A healthy lifestyle can increase your longevity significantly. Your lifespan can be increased by as much as 14 years for a woman and 12.2 years for a man according to the American Heart Association’s journal Circulation study. The United States is one of the wealthiest countries in the world, but according to the World Health… The post Apply These Five Lifestyle Habits to Lengthen Your Life Span appeared first on Faloni Law Group.

The Potential Outcomes of Disinheriting a Child

By editor • 14 Oct, 2021
In estate planning, it is common that parents divide the inheritance equally among the children. But sometimes, parents intentionally choose to not leave anything to a child, and the reasons for doing so may vary. One reason could be that a child who is more financially successful than the others and the parent doesn’t feel… The post The Potential Outcomes of Disinheriting a Child appeared first on Faloni Law Group.

Short-Term Disability Insurance and Its Many Benefits

By editor • 07 Oct, 2021
Imagine this scenario, an unwed middle-aged lady, Sandy, being the sole caretaker for her 85-year-old mother. Sandy still worked full time and would help her mom in the evenings and weekends. Unfortunately, Sandy was in a serious car accident and would be out of work for at least 8 weeks. She now faced the challenge… The post Short-Term Disability Insurance and Its Many Benefits appeared first on Faloni Law Group.
More Posts
Share by: