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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
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
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
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
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
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
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
New Jersey has both an estate tax and an inheritance tax. While many assume these terms are interchangeable, they are not. The NJ estate tax and the NJ inheritance tax are distinctly different. 1.
When his 75-year-old father died, forty-year-old John inherited his father’s $1 million traditional Individual Retirement Account (IRA). John wasn’t sure what to do with all that money. Requesting a
A successful estate plan is built on the collaboration of several professions working together to ensure that your goals and wishes are properly implemented. Your team should include a CPA, a financial advisor, an insurance professional and an attorney specializing in estate plan...