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Estate Planning
living trust

What is a Living Trust?

A living trust is a legal arrangement that an individual (known as the grantor) creates to protect their assets and outlines the terms of distribution after their death. This valuable estate planning tool can help family members and beneficiaries avoid a lengthy, complex, and sometimes costly probate process.  How Living Trusts Work  Living trusts are...
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Debunking Common Estate Planning Myths

Estate planning must be crucial to your financial and personal well-being, but it often remains shrouded in misconceptions and myths. Planning for your future is vital to protect your assets and designate how you want those assets handled. In this blog post, we’ll debunk some estate planning myths, shed light on the estate planning steps, and...
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Free Wills for Sussex County Veterans

Sparta: Askin & Hooker, LLC will host their seventh annual Wills for Warriors program free of charge for Sussex County veterans on Friday, November 10, 2023.  The Wills for Warriors program, established in 2016 by attorneys Todd Hooker and William Askin, allows Sussex County, NJ, veterans to have their Last Will and Testament prepared for free. Since the program started, Askin & Hooker...
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5 Important Estate Planning Documents for New Parents

Estate Planning For New Parents No matter what stage of life you are in, Estate planning is essential. Becoming a new parent is stressful and overwhelming. With so much to think about, it’s easy to put off the topic of estate planning until later. But by then, it may be too late.  No one wants...
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Can You Transfer Assets Out of an Irrevocable Trust?

As you plan your estate, you might be considering whether an irrevocable trust should be part of your asset protection plan. You’ve worked hard for your money and want to protect your finances, but in order to protect your assets, you need to have an asset protection strategy in place. There are many things to understand...
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Asset Protection Strategies to Protect Your Estate

An asset protection strategy is designed to safeguard your assets from unexpected threats. Oftentimes, this is an afterthought or not even considered because someone feels that they do not own enough assets to consider such options. However, an asset protection strategy is a good idea to discuss with a reliable estate law attorney who can...
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Wills and Estate Planning: What You Need to Know

Wills and Estate Planning are very sensitive and complex endeavors, but they are essential for everyone, regardless of how much or how little they own. Wills are documentation of your decisions intended to represent your plans for your dependents and assets that will affect your family and loved ones when you pass away.  If you...
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4 Types of Asset Protection Strategies to Safeguard Your Assets

Personal Asset Protection Is Often An Afterthought The main objective of an asset protection strategy is to safeguard your assets from any unexpected creditor claims, liens, or lawsuits. In order to secure your assets from such unlikely but real threats, it is imperative, regardless of how much you own, to have a protection strategy for...
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8 Important Things You Need to Know About Estate Planning

Estate planning is a very sensitive and complex endeavor. Basic life planning, including a Will and a Living Will at a minimum, is important for everyone – no matter how much or how little you own. By preparing a Basic Will, an individual gets to control how his/her property is distributed. Without a Will, the...
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