Which Estate Planning Tools Can Help Fund Your Child’s Education?
Your child may be years away from choosing a college, trade program, or another path. How can you start saving without knowing what they’ll need? A 529 plan, trust, custodial ...
Can You Inherit a Home if It Still Has a Mortgage?
Yes, you can inherit a home that still has a mortgage. The loan remains secured by the property, so someone will need to keep up with the payments or decide ...
Can You Modify Your New Jersey Estate Plan After a Traumatic Brain Injury?
A traumatic brain injury does not automatically prevent you from modifying your New Jersey estate plan. Whether you can make a particular change depends on whether you have the legal ...
Who Funds a Third-Party Special Needs Trust?
A third-party special needs trust is funded with assets belonging to someone other than the beneficiary, commonly a parent, grandparent, or other relative. Assets can be transferred during the contributor’s ...
Does a New Will Automatically Revoke an Old One in New Jersey?
A new will can revoke an earlier will in New Jersey, but the date alone does not necessarily make every part of the old document irrelevant. A later will must ...
What Happens If an Executor or Trustee Lives in the Decedent’s Home?
An executor or trustee may be able to live in the decedent’s home, but doing so can raise legal and financial concerns. Whether it is appropriate depends on the will ...
Power of Attorney vs. Executor
A power of attorney cannot continue handling your affairs after you pass away. Its authority ends at death. At that point, an executor must step in to manage your estate ...
Who Can Request an Accounting From an Executor or Trustee in New Jersey?
Beneficiaries and other interested parties, such as heirs or co-trustees, can usually request an accounting from an executor or trustee in New Jersey. If you have a financial interest in ...
What Happens if a Trustee Dies, Resigns, or Can’t Serve in New Jersey?
When a trustee dies, resigns, or can no longer serve, the trust does not stop. In most cases, a successor trustee steps in and continues managing the trust according to ...
When Does a Power of Attorney Stop Being Valid in New Jersey?
A power of attorney in New Jersey ends at specific legal moments, and once it ends, you no longer have authority to act. Most often, it becomes invalid when the ...