Special Planning Considerations

Estate planning is typically divided into two categories: (1) Estates large enough to require tax planning (which in New Jersey, because of decoupling, occurs on estates with as little as $675k in assets) and (2) Estates that require little or no tax planning.

Good estate plans should also consider an additional sub category of complexity, namely special planning considerations with respect to guardianship. Although there are other examples, I tend to think of these as including parents of children with special needs (both health-related as well as educational), children with parents requiring elder care and issues related to secondary or tertiary guardians.

If you find yourself with any of the above situations, make sure that your estate planner is considering the special issues of guardianship attached to your estate plan.