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Wills, Trusts & Estates
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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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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Common Misconceptions About Power of Attorney

Did you know that just over half of adults have a power of attorney in place? A recent survey found that while 83% of people over the age of 72 have a power of attorney, only 41% of millennials have one. A power of attorney and other estate planning documents, such as a living trust, allow people...
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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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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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