HIPAA
HIPAA Protects Patient Privacy The “The Health Insurance Portability and Accountability Act of 1996” (also known as HIPAA) is a Federal Law which protects patient information from being shared with ...
Pet Trusts in Estate Planning
Pets Are Family While your pet may be your best friend, and may be more loving and reliable than most of your family members, when you die, your pets are ...
Probate in New Jersey
Simplified Probate in New Jersey In New Jersey, the county in which the decedent resided will have jurisdiction over the probate process. An executor can file a written request with ...
Joint Account vs. Payable on Death Accounts The main difference between a payable on death bank account and a joint bank account is the control of the account while the ...
Pay On Death Bank Accounts in Estate Planning
Pay On Death Bank Accounts Property and assets can pass to your beneficiaries without a will and without probate (the court process for closing an estate). One way to leave ...
What is a Trustee’s Duty?
Trustee Duties A trustee has a special duty to care for assets in a trust and to make sure the assets are used for the stated purposes in the trust ...
Leaving Personal Property-Part Two
What Do Your Children Cherish? Now that you have given some thought to what you would like to happen to the personal items which you prize, take this opportunity to ...
Leaving Personal Property—Part One
Your Personal Property Has Sentimental Value Everyone has special personal property that is more cherished for its sentimental value than for its cash value. Having a plan for leaving sentimental ...
New Jersey Uniform Transfer to Minors Act (UTMA)
New Jersey UTMA New Jersey, like all states, has UTMA laws which set restrictions on how and when assets may be distributing to minors. Many states have UTMA laws which ...
Estate Income Tax Returns
Estate Income Tax Even after a person passes away, he may continue to receive income. There may be income from a business, or rent, or interest from a bank account ...