Get a check-up for your estate plan from time to time
A colleague just told me about this situation. It’s a perfect example of why you should see a lawyer to check-up your estate plan from time to time.
Decedent’s Last Will and Testament appointed 3 executors, all of whom predeceased her. The estate’s attorney helped the decedent’s grandchild file the application at the County...
The NEW New Jersey Uniform Trust Code arrives July 17th
New Jersey has adopted a new Uniform Trust Code which you’ll find at N.J.S.A. 3B:31-1 et seq. (Public law 2015, chapter 276). It was signed into law on January 19, 2016 and will take effect on July 17, 2016. The law has wide-reaching implications. It applies to existing trusts as well as trusts that come into existence after the effective date. If you are the trustee of a trust, or a...
Trust Reformation? What’s that?
Trusts are prepared with an eye toward longevity. A trust is designed to protect assets for benefit of a beneficiary, both now and for the future. The Trust will specify who will manage it now (the Trustee) and will typically contain a list of successor trustees who can step in later if necessary, and a mechanism for someone to appoint a successor Trustee if there ever is an unfilled vacancy....