When estate planners use a no-contest clause, they want to reduce the odds of a family fight after death. Lawyers also call these provisions in terrorem clauses. The clause threatens […]
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Joint revocable trusts can simplify estate planning for married couples in New Jersey, but they do not always offer the best fit. A couple should consider asset ownership, family relationships, […]
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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 […]
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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 […]
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Estate planning gets more complex when you don’t hold U.S. citizenship. Resident aliens (green card holders), visa holders living in the U.S., and nonresidents who own U.S. property all face […]
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Professional athletes and their representatives handle complex contracts, endorsement deals, sudden income spikes, multi-state taxes, and constant travel. Yet many athletes still rely on a basic will (or no plan […]
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If you own a home in New Jersey and worry about long-term care costs, you’ve probably heard: “Medicaid can’t touch the house.” That statement oversimplifies the rules. New Jersey Medicaid […]
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Most people in East Brunswick don’t wake up thinking, “Today feels like a great day to review my powers of attorney.” (If you do, I respect you… and I also […]
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A spousal lifetime access trust (“SLAT”) is an irrevocable trust created by one spouse (the grantor spouse) for the primary benefit of the other spouse (the beneficiary spouse), often with […]
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Recapitalizing an S-Corp into voting and non-voting shares can serve various business objectives, from succession planning and ownership restructuring to estate planning and maximizing tax efficiency. By dividing ownership into […]
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