Parents of special needs children in New Jersey may have concerns about how their child will be cared, especially after the child is an adult and the parents pass away. While parents may want to ensure that their adult special needs child receives the government...
Trusts & Trust Administration
Pet trusts are one way to provide for your furry friend
The late fashion designer Karl Lagerfeld was known not just for his creative genius, but also for the love he had for his cat, "Choupette." In an April 2018 interview, Lagerfeld stated he wanted to be cremated, rather than have a burial. He also stated that his ashes...
Do not let these aspects of trusts trip you up
A trust is a complex legal tool, but it is one that many people in New Jersey find to be extremely valuable. After all, a trust allows a person to pass assets on to loved ones without having to go through the expensive and time-consuming probate process. However, do...
Points to consider when choosing a trustee
When a person in New Jersey executes a trust, they will need to select a trustee. The trustee's role is very important, as it is their duty to oversee the management and distribution of trust assets, acting in the best interests of the trust beneficiaries with no...
What are the benefits of executing a companion animal trust?
While many people in New Jersey anticipate that, however much loved, they will outlive their pets, the fact of the matter is that sometimes our pets outlive us. Pets are often beloved members of the family, so it only makes sense to make plans as to who will care for...
Don’t make these mistakes with your revocable trust
Many people in New Jersey wishing to avoid probate may have taken the step of executing a revocable trust. Doing so means that the assets in the trust will not go through the lengthy and expensive probate process. Moreover, trusts are not made public, which may also...
There are advantages and disadvantages to revocable trusts
People in Parsippany have many choices when it comes to estate planning. They can choose who they want to make health care and financial decisions on their behalf should they become incapacitated. They can dictate what end-of-life medical care they want. Finally, they...
Helping people execute the trust that is right for them
Many residents of Parsippany may think that trusts are not for them. They may think only millionaires need such documents. However, even those of more modest means can still find a trust to be useful. For example, through a living trust a person can retain control...
Make executing a trust part of your New Year’s resolution
As 2017 comes to a close and 2018 is almost here, many people in New Jersey are making New Year's resolutions. Some people may be aiming to get into shape, save more money or kick a bad habit, like smoking. However, a resolution that many might not initially think of,...
Trusts 101: Understanding the basics of trusts
Trusts can form the backbone of a well-rounded estate plan for many people in New Jersey. Not only can they serve as a vehicle for handing your assets down to your loved ones after you die, but conditions can also be placed on trusts. Therefore, it is a good idea to...