Although executors are designated when a Last Will and Testament is created, they do not officially undertake their duties until appointed at the onset of probate proceedings. In some states, including New Jersey, probate… Read Moreabout Appointed In Surrogate Court: Executors
Because they can be customized based on circumstances and personal preferences, including a desire for privacy, trusts are very handy in estate planning. The legal underpinnings of all trusts are similar, but the variations… Read Moreabout Secrecy and Practicality Too: Trust Types
When divorce interrupts life, there’s a lot to be resolved, which can be overwhelming. Nonetheless, attorneys remind us not to overlook estate plans, whether they have been fully detailed or partially formed. Documents, named… Read Moreabout Divorce and Estate Plans?
The thought of not being able to undo a decision is downright scary—and generally more so when it comes to money. So why would anyone want to place assets in an irrevocable trust? Estate… Read Moreabout Irrevocable Trust?
When a will is made, the creator designates a fiduciary, typically referred to as an executor, to see that it is carried out in accordance with state probate protocols. During probate, it is critical… Read Moreabout Executors: Go Above and Beyond
What matters most: equal or fair? Ensuring that adult children all benefit from a share of our assets requires clear thinking—and courageous communication. While it is easy and typical to say each child gets… Read Moreabout Divvying Up The Estate?
Wishing. Hoping. Wanting. These words convey suggestions, but not direct orders: they are precatory, and therefore not generally useful in official estate planning documents like wills or trusts, which demand absolute clarity. Nonetheless, attorneys… Read Moreabout Precatory Language?
When inspiring those we care about to achieve life goals is an important consideration during estate planning, establishing an incentive trust might be the way to go. Read on for an overview of incentive… Read Moreabout Incentive Trusts: If You Do This…