Estate Planning
Determining and Paying the Debts of an Estate in New Jersey
Determining and paying the debts of the decedent and ensuring they are paid is one of the most important steps in the probate process. Along with marshaling the decedent’s assets, their debts must also be marshaled in order to account for any unpaid loans, medical bills, credit card bills, or other types of debt. Who […]
Read More....Amending or Revising a Will in New Jersey – The Codicil
Amending or Revising a Will and Testament can take a lot of time, money, and energy. Codicils are an alternative. Consider a codicil as an amendment to your Will if you do not want to re-write the entire document. There are a few things to consider, however. What is a Codicil? A codicil is a […]
Read More....The Difference Between Probate and Non-Probate Assets in New Jersey
You need to consider both probate assets and non-probate assets when you are making decisions about your estate planning and who your beneficiaries will be. Similarly, if you are trying to account for all of a decedent’s assets as an administrator or executor, you will need to know the difference between probate assets and non-probate […]
Read More....Marshaling the Assets of a New Jersey Estate
Marshaling the assets of the decedent’s is one of the many important tasks an estate executor or administrator in New Jersey must perform following the death of a loved one. This is one component of the probate process, and while it is relatively straightforward, it is the estate’s designated representative’s responsibility to thoroughly manage the […]
Read More....What Happens When Someone Dies Without a Will in New Jersey?
When a loved one dies without a will and leaves behind property & other assets, the probate process will be slowed. It is very important to prepare your Will in order to make the procedure easier for your loved ones. However, unexpected events occur, and sometimes a loved one isn’t able to leave behind a […]
Read More....Self-Proving a Will in New Jersey: What are They and What are the Benefits?
Self-proving a Will is Among the many things to consider in the process of drafting a Will in New Jersey . When a Will is not self-proving, the process of probate is much longer. To make the waiting period as short as possible, and the entire process much smoother, consider drafting a self-proving Will. When […]
Read More....Beware of the Possible Expense of a Surety Bond in Estate Planning
Purchasing a surety bond is among many of the tasks that may need to be completed when administering an estate in New Jersey. When a person is given the responsibility of representing an estate and distributing the deceased’s assets, normally there must be something in place to secure the faithful performance of the representative’s duties. […]
Read More....When and How to Challenge a Will
There are various reasons for wanting to challenge a will in New Jersey. It is important to consider the required criteria and time limits when challenging any will. You will want to consider contacting an attorney before taking any steps, as they will have suggestions as to the potential success of the claim and be […]
Read More....Why a Power of Attorney Is an Important Step in Your Estate Planning You Should Not Ignore
There are many aspects of estate planning that may call your attention as you are considering who will manage your assets, what medical treatments you want in the event of an accident, or who will inherit your estate. One aspect you want to consider is establishing a Power of Attorney. This is an essential step […]
Read More....Is the Promise of a Gift Enforceable?
The promise of a gift is a very tricky thing, in the recent New Jersey Appellate Division case of Filippelli v. Ingis regarding the proceeds of a decedent’s IRA funds, two siblings fought over $75,000 allegedly promised from one to the other. In Filippelli, an aunt chose to pass her IRA funds to her niece, […]
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