Understanding the Role of a Trustee(s) in a Family Trust That Owns a Family Corporation
I read an interesting trust litigation case which was decided in the Federal District Court of New Jersey. The case involves the New Jersey …
I read an interesting trust litigation case which was decided in the Federal District Court of New Jersey. The case involves the New Jersey …
No one wants their life savings seized by creditors, but can you leave an inheritance to a child or loved one who has spending …
Irrevocable trusts are beneficial for estate tax purposes. They allow you to place your assets into a trust, potentially avoiding additional estate tax when …
When creating an estate plan, an important decision is selecting your fiduciary. By fiduciary, I mean the trustee under your revocable or irrevocable trust. …
Your living trust is much more than just a document that says which heirs get what percentage of your estate or what items of …
A trust for the sole benefit of a disabled adult child who lacked capacity was created by a NJ Superior Court order. The trust …
Recently, an out of state client wanted to transfer two NJ properties into a revocable living trust. Both properties were subject to mortgages. The …
Siblings can demand a financial account and visitation from another sibling(s) who is a fiduciary (trusted agent) for their parent(s) or a disabled person …
I was recently asked about my thoughts as to the use of an EIN vs. social security number for a revocable trust. Under Treas. …
You may be wondering what the procedure is for relinquishing duties as a trustee and appointing a replacement trustee. In short, the requirements for …
First, let’s begin with a short and simple discussion of what is a trust and how it works: A trust is a form of …
Your revocable living trust is much more than just a document that says who gets what percentage of your estate or which specific items …
When creating your last will and testament as part of estate planning, an important decision you will have to make is who to name …
It’s easy for trustees to make mistakes. Use this simple guide to avoid the common pitfalls. Trust administration often comes down to a few …
Knowing the basic difference between trusts can make all the difference in paying for your long-term healthcare. In New Jersey, only irrevocable trusts can …