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April 2011 Archives

Details to consider when creating an estate plan, part three

This post is the final article in a three-part series about the details to include in your will. Like we mentioned in our last two posts, there are big-picture things that almost everyone in New Jersey knows to include in their estate plan. However, there are also numerous details that make the difference between a simple and uncomplicated estate administration and one that is bogged down by frustrations.

Details to consider when creating an estate plan, part two

In our last post we wrote about the importance of remembering to plan for the little details when you are creating your estate plan. While it is important to use wills and trusts to let your loved ones know how your estate should be divided, a well-crafted estate plan also plans for the details that are not explicitly covered in the will and trust.

Details to consider when creating an estate plan in New Jersey

Many people in New Jersey know that estate planning is a crucial. When people think about what estate planning entails, they usually think about big picture things. People consider things such as who should receive their assets, what type of financial legacy they would like to leave for their heirs, and whether they would like to create a trust to avoid probate.

Estate planning for special needs children in New Jersey

If parents are interested in providing financial support for their children, they can use estate planning tools to make sure their wishes are clearly understood. However, some parents in New Jersey have extra things to consider during the process.

James Brown's estate subject to more will contest, part two

In our last post, we wrote about the fights that James Brown's heirs are involved in regarding how his estate should be divided. According to Brown's will, Brown's estate was supposed to be divided between two parties - a trust fund used for his grandchildren's education and a trust fund to provide education for needy children.

James Brown's estate subject to more will contest

With all of the grief and preparations that must be made following the death of a loved one, the last thing that should cause conflict or familial splits is the division of the deceased person's estate. While a will seems simple and binding enough, the majority of family fights arise during probate and estate administration, especially during the actual distribution of the assets.

Man's fate regarding need for guardian decided by jury, part two

In our last post we introduced a case in which a jury would decide whether a 72-year-old man needed a guardian to look after his financial affairs. The complaint was raised by the nursing home where the man stayed. After the man was moved to a nursing home to recover from infected leg wounds, he never left. However, the nursing home claimed he was delinquent in making payments to stay at the center.

Man's fate regarding need for guardian will be decided by a jury

When an individual is no longer able to competently manage his or her affairs, a guardian may be appointed to handle matters on that person's behalf. However, what dictates when a person is incapacitated?

Estate planning tactics for those who don't need portability

In the past couple months, we've focused a few posts on the impact the new tax laws will have on individuals. We've discussed how easily individuals can exceed the $5 million exception, but today we're going to focus on individuals who don't expect to come close to the tax exemption.

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