Do I Need a Lifetime Revocable Living Trust
A REVOCABLE LIVING TRUST allows you to retain control over your assets during your lifetime. You can alter, amend, or completely revoke the trust as your situation or desires change. […]
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Advance Medical Directives and Proven Living Wills that Actually Work
Advance medical directives, including living wills, are an important tool for individuals to ensure that their wishes are respected when they are no longer able to make decisions about their […]
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Drafting A Comprehensive Power Of Attorney, The Proven Way
A power of attorney is a legal instrument which provides the legal authorization for a person you trust to act on your behalf if you become incapacitated. This trusted person, […]
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Great Estate Planning can Build a Legacy that Lasts
Estate planning provides several benefits that can help you protect your assets, your family, and your legacy.
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What is the best way to inherit intellectual property?
There is a right way and a wrong way to inherit intellectual property. When a person dies, their assets, including their intellectual property (IP), typically become part of their estate. […]
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What are the best asset protection strategies to consider?
There are many asset protection strategies to consider when seeking to protect assets from potential creditors. These strategies include utilizing: Advance Planning is Key Asset protection planning works best (if […]
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Electronic Wills in New Jersey
On June 27, 2022 the Uniform Electronic Wills Act (S2923) was introduced in the New Jersey Senate. The Bill has been referred to the Judiciary Committee and a similar Bill […]
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Trustee Resignation in New Jersey: Lessons from the Gloria Mann Trust Case
How does trustee resignation in New Jersey work? Can a trustee simply sign a resignation letter and walk away? Sometimes. The rules governing trustee resignation in New Jersey depend not […]
Read the full postSECURE Act Changes to IRA Distributions
The SECURE Act made sweeping changes to IRA distributions affecting estate plans for decedents dying on or after January 1, 2020. What Changed? The new law changed the required minimum […]
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IRS Rules Under Section 2511 that Transfers to Irrevocable Trust are Incomplete for Purpose of Federal Gift Tax
In the only private letter ruling addressing incomplete gift, non-grantor trusts (“INGs”) in 2020, the IRS ruled that the subject trust was a non-grantor trust under section 671 of the […]
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