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When is a Guardianship or a Power of Attorney Appropriate?
Power of attorney and guardianships are two legal tools whereby one person helps or makes legal decisions for another. In both scenarios, an individual is appointed to make legal decisions on another’s behalf. While they function similarly, these tools have distinct differences that are important to understand. What is Guardianship? A guardianship is when one […]
Read More....What Are Your Rights as a Trust Beneficiary?
As a trust beneficiary, it is important to understand your specific rights in order to protect your interest in trust assets. What is a Trust and a Trust Beneficiary? To understand trust beneficiary rights, we must first understand what constitutes a trust beneficiary. A trust beneficiary is someone who receives assets, whether it be money […]
Read More....Filing a Final Tax Return for a Decedent as an Executor
As tax season approaches, the thing that most people do not realize is that a final tax return needs to be filed even after a person passes away. It is important to understand what steps need to be taken for those with the responsibility of filing taxes for a deceased family member. When an […]
Read More....What is a Tangible Personal Property List and What Are The Benefits?
Our tangible personal property is often important to us, as is ensuring they go to the desired family or friends after we are gone. This can get complicated when it comes to tangible personal property for a number of reasons, including the fact these are often objects with both sentimental and real value. In order […]
Read More....CONDEMNATION – DO NOT SLEEP ON YOUR RIGHTS
Do not sleep on your rights, the rights you have relating to real property is extremely important. This is where consulting an attorney is often worthwhile, because if you sleep on your rights, you could unknowingly be giving up alot. You want to be prepared for possible scenarios that could result in you losing […]
Read More....An Overview of Minor Trusts in New Jersey
Minor trusts can be helpful in terms of distributing designated assets to an individual on your terms. If you are the parent, guardian or relative of a child and want to ensure their future is financially secure, you might consider looking into minor trusts. They can provide financial stability as a minor child reaches adulthood […]
Read More....Drafting a Power of Attorney in New Jersey
Drafting a power of attorney (“POA”) is an important step in the estate planning process. However, there are some important factors and choices to make when you are drafting a Power of Attorney document. It is best to know all of your options and to talk to an attorney before you make any final decisions. […]
Read More....Understanding Real Estate vs Real Property in New Jersey
Real property can be confused with both personal property and real estate, none of which mean quite the same thing. To learn more about these differences, keep reading. Understanding Real Property While terms like “real property”, “personal property”, “real estate”, and even “land” can all be used in similar contexts, understanding their differences is important. […]
Read More....Vehicles and the Probate Process in New Jersey
When drafting your Will and contemplating the probate process, it is good to know your options when it comes to vehicles you own. A car is considered personal property and will normally need to go through the probate process in order to be transferred to the person named in the Will. However, if you are […]
Read More....The Camp Lejeune Justice Act Signed Into Law
The Camp Lejeune Justice Act was finally signed into law this past month, giving those who may have been affected by the contaminated water at the camp a chance to achieve justice and compensation for the severe medical damages resulting from the contaminated water supply. Camp Lejeune was a United States Military training facility in […]
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