Executor Mistakes often start with delays, poor communication, or sloppy recordkeeping, but in New Jersey, they can quickly escalate into expensive probate litigation. An executor has real legal duties. The […]
Read the full post
Why “Close Enough” Never Works When Revoking a Joint Trust A New Jersey appellate court just reminded every estate planner that revoking a joint trust requires more than good intentions […]
Read the full post
Arbitration clauses in wills took a major hit in New Jersey when the Appellate Division decided In the Matter of the Estate of Samuel P. Hekemian. In this published April […]
Read the full post
While New Jersey no longer has an estate tax, which is a tax based on the overall size of an estate, New Jersey still taxes certain transfers at death. This […]
Read the full post
An LLC Operating Agreement is a legal document that outlines the ownership, management, and operation of a Limited Liability Company. Although not required by law, an Operating Agreement is highly […]
Read the full post
I’m often asked: How do I form an LLC in New Jersey? Forming a Limited Liability Company (LLC) in New Jersey is a relatively straightforward process. Whether it is something […]
Read the full post
A fiduciary accounting is important for a number of reasons, but here is one example: Suppose you create a trust for the benefit of your minor children with a significant […]
Read the full post
AN EMPLOYEE is a worker who is hired to work for an employer, typically on a full-time or part-time basis, and is considered to be an employee of the company. […]
Read the full post
Why do I need an Inheritance Tax Waiver in New Jersey? An inheritance tax waiver in New Jersey is needed when a person inherits property from someone who has died […]
Read the full post
General Rule Not all amounts recovered in a wrongful death action are exempt from the New Jersey Inheritance Tax. Generally, wrongful death settlements recovered under N.J.S. 2A:31-1 are not subject […]
Read the full post