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November
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STRESS—WHAT’S IT DOING TO YOUR CHILD & HOW TO DEAL WITH IT
What happens if I don’t have a will?
If you haven’t set forth your final wishes in a legally enforceable will, your estate will be distributed according to the law of the state in which you live. If you have no spouse and no child and die without a will in New Jersey, your estate will pass to your parents. If your parents predecease you, then your siblings will take equal shares. If any of your siblings predecease you, then their children inherit their shares. If you have no immediate relatives, New Jersey will take everything.
An intentionally defective grantor trust (IDGT) is a tool used by estate-planning attorneys to freeze assets to reduce the grantor’s estate tax.
Back in the 1960s, yoga was associated with flower power, pot smoking, and the hippie lifestyle. It was seen as avant-garde, something unusual, bohemian, and freewheeling. Today, however, there is a yoga studio on every corner and your mother probably practices it.
