A trust is created when the trustor, grantor, or settlor transfers property to the trustee, who will efficiently manage the property for the beneficiaries. A trust is one slice of a comprehensive estate plan, partnered… Read Moreabout How to Set Up a Trust
If someone dies without a will in the State of New Jersey, that person’s assets will pass according to New Jersey’s intestate succession laws. This generally only affects assets owned alone in the deceased person’s… Read Moreabout New Jersey Intestate Succession Laws
State of New Jersey statutes do not lay out particular requirements in order to be named an estate executor in the State of New Jersey. Essentially, it just has to be an adult. The court will then… Read Moreabout New Jersey Estate Executor Requirements
When a deceased person dies with a will, an executor is appointed to manage their estate. They have to faithfully perform their duties and work for the interests of the estate and its beneficiaries. But… Read Moreabout New York Estate Executor Restrictions
Surrogate’s Courts are established in each county in the State of New York to hear cases regarding how to sort out the affairs and assets of people who have died. But Surrogate’s Courts in New… Read Moreabout Common New York Surrogate’s Court Proceedings
Court bonds, such as appeal bonds, may be required in court proceedings to enable a party to pursue a remedy in court. Fiduciary bonds guarantee the faithful performance of court appointed fiduciaries such as executors,… Read Moreabout Why Do Courts Require Surety Bonds?
When you’re named the executor of a will, you have to manage the affairs and settling of an estate. You have to initiate court procedures and help pay off creditors using the deceased’s assets. So… Read Moreabout Guidelines for Executors
