Living Trusts – Truths and Myths
Mar 24, 2018
Understanding what the various estate planning tools do and do not do is important for successful estate planning. Today we’ll be discussing truths and myths about a common type of trust, the “Living...
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Intestacy in New Jersey: Your Family Member Died Without A Will. What Happens Next?
Mar 23, 2018
In this guide, we discuss the process for administering and distributing the assets of someone who dies intestate. What you should know: Where to begin: The Surrogate's Court (in the county where the ...
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UNMARRIED COUPLES: FOUR ESSENTIAL ESTATE PLANNING TOOLS
Mar 15, 2018
Millions of people in the United States are in committed relationships but not married. While estate planning is important for everyone, it is particularly critical for unmarried partners. The story b...
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PROCEDURE FOR THE APPOINTMENT OF A GUARDIAN
Jan 10, 2016
New Jersey Court Rules 4:86-1 through 4:86-8 set forth the procedures that must be followed in every action for the determination of mental incapacity and for the appointment of a guardian of an incap...
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YOUR ROLE AS AN AGENT UNDER FINANCIAL POWER OF ATTORNEY (PART IV) - REVOCATION, TERMINATION
Oct 18, 2015
A general durable power of attorney is a power of attorney which contains the words "this power of attorney shall not be affected by subsequent disability or incapacity of the principal, or lapse of t...
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YOUR ROLE AS AN AGENT UNDER FINANCIAL POWER OF ATTORNEY (PART III) - LIABILITY FOR ACTIONS AS AGENT
Oct 18, 2015
An agent is a “fiduciary,” which means the agent must act with the highest degree of good faith on behalf of the principal, and the agent can be held liable in court for breach of fiduciary duty. Who...
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YOUR ROLE AS AN AGENT UNDER FINANCIAL POWER OF ATTORNEY (PART II) - DUTIES AND RESPONSIBILITIES
Oct 18, 2015
Your role as an agent under power of attorney imposes upon you important duties and responsibilities. Whenever you are unsure about your responsibilities, you should consult an experienced estate-plan...
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YOUR ROLE AS AN AGENT UNDER FINANCIAL POWER OF ATTORNEY (PART 1) - OVERVIEW
Oct 18, 2015
As an agent, also referred to as an “attorney in fact,” you have been designated by another to manage the other person’s financial affairs. The person making the agent designation is called the “princ...
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New Jersey Advanced Health Care Directive and Proxy
Oct 18, 2015
New Jersey law recognizes the right of competent adults to plan ahead for health care decisions, including decisions to have life-prolonging medical or surgical means or procedures provided, withheld...
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Three Cornerstone Concepts of Estate Planning
Jan 24, 2015
When preparing your estate plan it is important to understand the distinction between probate assets, non-probate assets, and gross estate. Whether assets are probate or non-probate depends on how th...
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