Case update from the NJ State Bar Association: 38-2-5185 In the Matter of the Estate of Mary Jane Lynch, N.J. Super. App. Div. (Suter, J.A.D.) (19 pp.) Decedent executed a will and declaration of trust wherein her personal property was to be equally distributed to her two children, appellant-daughter and appellee-son.
After the death of an estate owner, the estate is taxed whenever the property is transferred. In order to limit estate taxes, the individual can give gifts prior to death. There are several things you should know regarding how gifts are taxed according to estate tax law.
What is Probate? The term ‘probate’ means ‘proof.’ The term probate in the legal system is proof that the will is ironclad in a court of law. A separate court, called probate court, examines the will to determine how ironclad it is. Strong wills divide assets based on what the
Probate in California can be avoided with the use of the small estates law. California does not require estates of $150,000 or less to be probated. The assets can be collected forty days after death with a declaration or affidavit signed under penalty of perjury. The small estates law does
Trusts are very beneficial for estate owners to create. They leave you with peace of mind that your family will be able to inherit your estate. There’s different trusts available today. Each are beneficial to estate planning, income taxes, and for protecting your assets.
Meeting the person you’d like to spend the rest of your life with in a second marriage is a joyous occasion. Often, one or each person has children from a previous marriage or relationship. In a blended family, the responsibility to take care of the children falls on both parents
With a wide array of resources to help every client, a reputable Palm Springs estate planning attorney will be able to draw up a complete estate plan for your situation. With a commitment to handle all cases with pristine care, there is no stone unturned to be certain of proper
Are you a trustee or personal representative of an estate? If so, you may need our help before extensive and run-repairable damage is done. In fact, trustees could face litigation and be held personally accountable for any damages. It is a fact that some trustees and personal representatives may violate
Name one family who wants to go through the probate process? No matter how close your family is, going through a probate process can lead to great family conflicts. These battles can multiply and persist for long periods. It does not matter whether it is contesting a will or executing
Estate planning is an essential decision in your life. It ensures that your spouse and siblings are protected after your death.