Don’t Leave Liabilities to Beneficiaries
One great gift a person can leave to his beneficiaries is an estate without liabilities. There are times when a beneficiary learns he will receive assets from an estate and ...
Can an Estate Personal Representative be Paid in New Jersey?
In New Jersey, a Personal Representative, also referred to as Executor (or Administrator if there is no will) is responsible for protecting the assets of the estate and for distributing ...
Giving Thanks
Thanksgiving is just around the corner and what better time than now to take stock of your assets and think about the ones you love? Thanksgiving is a time to ...
How to Choose a Trustee
A trustee is responsible for managing assets of a trust and for making distributions based on the trust instructions and the wishes of the grantor. Circumstances arise though which may ...
Incorporating Your Vacation Property May be a Smart Strategy
If you have real property or perhaps a homestead as well as a vacation home, there can be complicated processes for transferring property ownership to your beneficiaries. More and more ...
Write Your Own Will
There are many books and computer programs to help you write your own will. If you have taken a thorough inventory of your assets and your liabilities and you don’t ...
Children of Civil Union Couples in New Jersey
Inheritance Tax in New Jersey Following the death of a New Jersey resident, an inheritance tax return must be filed. Taxes are established at graduated rates on property with a ...
Independent Contractor vs. Employee—Benefits and Rights
In our last blog post we discussed the general test used for determining if one is an employee or an independent contractor. Why does it matter? Employee An employee is ...
Are you an Independent Contractor in New Jersey?
No Clear Definition of Independent Contractor With the current economic climate many business owners are considering what is the most economical way to structure a business relationship with individuals that ...
Power of Attorney Following Divorce
Power of Attorney Authorizes Control of Finances A power of attorney authorizes a third party to act on behalf of the principal. A typical power of attorney allows the attorney-in-fact ...