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July 2010 Archives

Setting Up a Trust to Protect Retirement Savings, Part Two

Trusts have emerged as a popular option for parents looking to protect retirement savings from children with loose wallets. Instead of going straight to the child in question, money is funneled directly into a trust, which has the child named as its beneficiary.

Setting Up a Trust to Protect Retirement Savings, Part One

Say you have worked for 45 years as a public school teacher, diligently putting money into a retirement account for both your future and your children's inheritance. As you are beginning to look at leaving these assets to your loved ones, you take into consideration the possibility that your children may burn through the money quickly without a second thought.

The Return of Federal Estate Taxes, Monster under Middle-Class Beds

In 2011, the estate tax is set to return, by all accounts bigger and "badder" than ever. A lot of the focus around estate tax has centered on the very wealthy. For example, as Sandra Block reported in USA Today, George Steinbrenner's death earlier this month, in a year with no estate tax, likely saved his family close to $500 million in estate taxes.

Protecting Your Assets in Down Economic Times

These are confusing times for those with money in the stock market, planning retirement or considering the creation of an estate plan. For one, people are not sure just how much they will have to account for. Stocks are plummeting. Home values are following suit. With changes to healthcare and new taxes expected to pay for them, options that seem feasible now may not in the very near future.

Setting up a Trust: What is it and Why would You?

A trust is not the same as a will, though it does fall under the umbrella of estate planning. Where a will designates the distribution of assets and appoints an executor to ensure their accurate and efficient dispersal, a trust is usually set up to protect assets and a trustee is appointed to manage said assets.

What Will Beneficiaries can Expect Following the Death of a Loved One

Say a loved one passes away, leaving behind a will that names you as a beneficiary of his or her estate. However, you do not hear about this until months later when you obtain an official copy of the deceased's will at the country courthouse.

Every Parent Should have a Will

Creating a comprehensive and detailed will is one of the most important things any parent can do to provide for their child's future. A will determines what becomes of your assets in the event of your passing. If you have young children, a will can also designate who will provide for and take care of them after your death.

Bob Carlson: Legacy Planning Vs. Estate Planning, Part Two

In Bob Carlson's recent post on Investing Daily, he discussed the importance of looking at an estate plan from more than one angle. He recommended viewing it as more of a legacy plan, rather than a blueprint for giving away your assets after death.

Bob Carlson: Legacy Planning Vs. Estate Planning, Part One

While avoiding the estate tax seems like a great reason to consider estate planning, it certainly is not the only reason - maybe not even the best reason. In his Investing Daily post today, Bob Carlson took a hard look at estate planning and why one might want to consider it. In total, he summarized four goals that estate planning should seek to accomplish.

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