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 ...
Making Changes when You Have an Empty Nest
Millions of college students headed off to school this fall and left their parents with empty nests. After the shock starts to wear off, and while parents are waiting for ...
You Have Power of Attorney-Now What?
When someone else assigns power of attorney to you, you become the “attorney-in-fact”. You are held to the highest level of duty to protect the account holder’s funds, to avoid ...
A Personal Representative is a Fiduciary
The executor or personal representative of an estate has control over the estate and is responsible for settling the debts of the estate, and distributing estate assets to beneficiaries as ...