1 02, 2023

What Are the Benefits of Having a Testamentary Trust?

2023-02-01T21:03:38-05:00February 1st, 2023|

There are various benefits to creating a testamentary trust. This article discusses the benefits of adding a testamentary trust to your estate plan. What Is a Testamentary Trust? A testamentary trust allows a testator to manage wealth by giving a trustee [...]

10 06, 2018

Removing a Trustee in New Jersey         

2021-11-01T16:58:40-04:00June 10th, 2018|

The grantor of a living trust often serves as trustee during his or her lifetime, appointing a successor trustee to step into that role when the grantor dies or becomes incapacitated. The grantor of a revocable trust is free to [...]

18 10, 2017

Avoid These 8 Common Estate Planning Mistakes

2023-09-03T07:50:05-04:00October 18th, 2017|

The most common and most significant estate planning error is failing to plan at all. About half of U.S. adults don’t even have a will, arguably the most basic estate planning document. Unfortunately, many of those who have taken basic [...]

21 09, 2017

Tips for Choosing a Trustee

2018-02-02T22:10:34-05:00September 21st, 2017|

Trusts can be a powerful tool for protecting assets, passing property to loved ones after your death, or providing for a loved one who is disabled or incapacitated. You can work with your trust attorney to create a framework that [...]

12 09, 2017

How A Living Trust Helps Your Family

2017-10-03T15:26:25-04:00September 12th, 2017|

There are several parts to an estate plan, one of them being a living trust. Common factors that prompt someone to create a trust include privacy, tax benefits, avoiding probate, and caring for family members with special needs. Estate planning [...]

4 09, 2017

What are the Duties of the Administrator of a New Jersey Estate?

2018-02-02T22:10:36-05:00September 4th, 2017|

Serving as the administrator of an estate is more complex than many people anticipate. Whether you’re choosing the administrator you’ll name in your will or have been appointed administrator and are unsure of your responsibilities, it’s important to understand the [...]

16 08, 2017

Living Trust Maintenance is Key

2018-02-02T22:10:37-05:00August 16th, 2017|

Many people opt for a living trust over more traditional means of estate planning because of benefits such as: A smoother, shorter transition after death Lower costs of administration after death Flexibility during the grantor’s lifetime Greater ability to control [...]

25 07, 2017

Do You Really Need a Trust?

2018-11-08T17:02:13-05:00July 25th, 2017|

Although many people equate “estate planning” with having a will, there are many advantages to having a trust rather than a will as the centerpiece of your estate plan. While there are other estate planning tools (such as joint tenancy, [...]

7 07, 2017

Are Trusts Still Useful If the Estate Tax Is Repealed?

2018-02-02T22:10:38-05:00July 7th, 2017|

With Republicans in control of Congress and the presidency, there is talk of eliminating the federal estate tax.  In 2017 the tax affects only estates over $5.49 million, meaning that for more than 99 percent of Americans, it's already been repealed. [...]