Listen to this Blog Knowing the value of your assets is important when it comes to making your estate plan. You probably want to know the value of what you are leaving to each beneficiary. You will also know what the tax implications may be and if you need to...
Will
Gifting and Your Estate
Listen to this Blog When people in New Jersey hear the term "estate plan," they usually think about a document that tells their beneficiaries who gets what after they have passed on. Although that is certainly the case in many situations, not everyone waits to...
Can You Write Your Will During Coronavirus?
The COVID-19 pandemic has many Americans contemplating their own mortality and planning for the future of their families. More and more people are seeking information about estate planning, including making a will. However, the social distancing guidelines currently...
Changing Family Dynamics
It's a fact of life that family members will squabble. Shifting family relationships can happen faster than the rate people update their legal transactions and wills, leading to even more tension in a family. People often try to limit this possibility by making...
All Letters are not Wills
New Jersey recognizes three different types of wills: 1) a formal will; 2) a holographic will; and a writing that may not meet the state's formalities of a will but can be otherwise proven that it should be treated as a will. A formal will requires that it is signed...
Wills of the Rich and Famous – Or Not!
When Wang Yung-Ching passed away in 2008 at age 91 in his New Jersey home, he was one of the world's 200 richest people. Born into poverty as the son of tea farmers in Taiwan, he started the Formosa Plastics Group, an international plastics manufacturing conglomerate...
Wills and Financial Exploitation
Question: What happens when someone not related to a person who's passed away and who is not a beneficiary to her will improperly influences her to change its terms?Answer: In the case of In re Stockdale, the New Jersey Supreme Court answered the question of whether...