Can a Trustee of a New Jersey Trust Just Quit or Resign?

By Fredrick P. Niemann, Esq. of Hanlon Niemann, a Freehold, NJ Trust Attorney You may be wondering what the procedure is for relinquishing duties as a trustee and appointing a replacement trustee. In short, the requirements for resigning as trustee are typically highlighted within the terms of the trust itself; however, absent such language, a […]

The Marital Deduction: A Valuable Estate Planning Tool

By Fredrick P. Niemann, Esq. of Hanlon Niemann, a Freehold, NJ Estate Planning Law Attorney The federal estate tax marital deduction is one of the most important estate planning tools available to a married couple. The basic marital deduction rule is that, upon the death of the first spouse, the value of any interest in […]

WHAT IS A REVOCABLE TRUST IN NEW JERSEY?

By Fredrick P. Niemann, Esq. a New Jersey Trust Attorney 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 ownership of property, whether real estate or investments, where one person – the trustee – manages property for the benefit of […]

SPECIAL NEEDS TRUSTS UPHELD IN RECENT FEDERAL CASE

By Fredrick P. Niemann, Esq. a Special Needs Trust Attorney Recently, a United States Court of Appeals decided a case involving a “special needs trusts.”  A special needs trust is one of two trusts that the federal Medicaid Act created.  A special needs trust or “SNT” is a trust that permits a disabled person to […]