Pre-Death Gifts, Given Years in Advance, Empower Donors to Support Loved Ones Financially, Fostering Lasting Change in Their Lives. And Yet, Not All Gifts Before a Person’s Passing are Deemed Legally Valid. An individual often makes a pre-death gift to close family members or friends before death, sometimes years in advance. There are many reasons […]
Pet Trusts, Like Family Trusts, Ensure Furry Friends Are Cared For. New Laws Let Owners Set Aside Funds, With A Trustee Taking Immediate Responsibility. In 2024, 86.9 million households in the United States own at least one pet, while 35% own more than one. We dress them up, show them off in our family Christmas […]
Full Comprehension of One’s Fiduciary Duties in Trust and Estate Administration is Vital, as Executors and Trustees Must Prioritize Others’ Interests and Uphold their Legal Obligations. In the world of trust and estate administration, special ethical obligations are entrusted to individuals in certain positions like executors, trustees, agents under a power of attorney, and guardians, […]
An Overview of Probate and Intestate Succession Disputes if Someone Dies Without a Will in New Jersey What happens when you die without a will? Your estate (all your assets and debts) must go through a court process called probate. Without a will, your heirs receive your property through intestate succession, meaning a judge will […]
When Estate Planning, Understand the Approaches and Implications of Naming Your Adult Children as Beneficiaries The only sure things in this life are death and taxes. As the adult beneficiary of your parent’s estate, you will become familiar with New Jersey’s inheritance regulations and complex tax laws. They can make for a seemingly impossible puzzle […]
Explore Critical Scenarios Requiring the Removal of an Executor or Trustee in Lavallette, Belmar, Asbury Park, Hazlet, and throughout Southern New Jersey Choosing an executor or trustee for your estate or trust may be a simple decision for some individuals, while others may agonize over their selection. What happens if an executor or trustee is […]
An Estate Planning Lawyer can Provide You With Valuable Information Regarding the Different Types of Trusts in Rumson, Colts Neck, Freehold, and other Monmouth County Towns Planning for the distribution of your estate after you have passed can be an uncomfortable topic. That being said, you need to decide now with an estate lawyer to […]
Wrongfully Believed, Estate Planning Laws are written in stone and are subject to periodic reviews and adjustments, so it is essential to keep up with all the changes. Estate planning is a process that extends beyond the drawing up of a Living Will and Trust and determination of a power of attorney. Not only are […]
Having a lawyer to work on a plan with you is crucial to guarantee the financial safety of your special needs child. Dealing with a family member with special needs can be challenging and stressful. What will happen with their care in the future? How will they sustain themselves economically? Planning for their future is […]
Learn more about the distinction between guardianship and power of attorney in New Jersey, as well as which one might be best for you or your loved one. Estate planning is an important process that many people go through to ensure that their finances can be maintained in the future, particularly if they ever become […]
