June Estate Planning Newsletter
Are You Drowning in Debt?
Do your debts exceed your savings? You’re not alone, a recent article, cites that nearly 1/4 of Americans owe more than they have in savings. Getting out of debt doesn’t have to be a headache! Whether your credit cards have gotten the best of you, medical are piling, you recently got divorce, lost you job or your business is tanking, we’re here to help! We understand how hard it can be to tackle debt, especially when creditors start calling and hounding you for payments. If you’re wishing and hoping for a solution, bankruptcy may be the answer. Give us a call and we’ll set up a free consultation to evaluate your personal finances and determine if bankruptcy the solution.
FAST FACT: In 2012, the average American household had more than $15,000 in credit card debt alone.
Vacation, All I Ever Wanted. Vacation, Had to Get Away!
Summer is just around the corner. The Jersey Shore has officially reopened! Are your summer vacation plans in order? Now is the time to dust off your custody and parenting time agreements. Do you dread vacation season because of your ex? Do you know what vacation time you’re entitled to? Do you know what notice you must provide and when it must be provided? Are you planning a cruise or other trip out of the country? Do you have the proper documentation from the other parent to enable you to travel stress free? Need to fine tune your agreement? Now is the time to take a second look at things while plans are being made to reduce stress and uncertainty at the airport. With a little advanced planning, we can help your vacation be stress-free.
What Should You Do Before You Say “I Do”?
Don’t know what to do before you say “I do”? Premarital agreements can be a cost effective tool to protect your future. Do you have a premarital home or business? Expect a large inheritance? Have children from a prior relationship? Have a fiancé with a mountain of student loans or other debts? Take your walk down the aisle and into this new chapter of your life knowing you’re protected. Have you thought about insuring your marriage? Life can be uncertain and we all hope our marriages are rock solid, but having a little extra insurance never hurts. Want to learn more? Click here to learn how having a premarital agreement would have helped Reese and Ryan, Nick and Jessica, and Kelsey and Camille.
As Pomp and Circumstance Fills the Air
Families are gathering to celebrate their recent high school and college graduates. It’s time to celebrate your children’s achievements. Now is also the time to revisit your support and custody agreements. What about college? Is your daughter going away to live at college in the Fall? If so, the New Jersey Child Support Guidelines may no longer apply. Last Fall, the Courts in Jacoby v. Jacoby, created a new calculus in determining support for students residing away from home at college or other post secondary school. Has your son decided college isn’t for him and instead is going to pursue employment after high school? Now is the time to revisit your support and custody arrangements and it may be the appropriate time to discuss emancipation. Once your son or daughter has “moved beyond the sphere of influence,” with a presumption of emancipation at age 18, both parents support obligations terminate. We can help you enjoy this exciting time in your life and reduce stress surrounding child support and custody issues, give us a call today to set up a consultation.