September 7, 2021 |
Is Probate Required in the State of New Jersey?
There are three clear exceptions to when probate is not required but for the vast majority of estates, probate will be required. Probate is the ...
Learn MoreIs Probate Required in the State of New Jersey?
There are three clear exceptions to when probate is not required but for the vast majority of estates, probate will be required. Probate is the formal process for closing out the administration of a person’s estate and involves paying their final debts and distributing any remaining assets to their heirs. 
Even in cases in which the decedent did not leave clear instructions about the transfer of their assets in a will, probate must still be opened to account for the formal administration issues. As mentioned above there are three specific circumstances when probate is not required. First of all, specific assets that might not require court supervision because they transfer automatically at death are not included in the probated estate.
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Blogs for September 2021
September 3, 2021 |
What You Need to Know About Charitable Giving in 2021
As part of your estate plan, you likely want to provide for your beneficiaries like your surviving children and spouse. However, research shows that more ...
Learn MoreSeptember 2, 2021 |
What Is the Difference Between a Family Trust and a Will?
Wills and trusts are two very different types of controlling and distributing your assets after you’ve passed away. One important distinction between a trust and ...
Learn MoreSeptember 1, 2021 |
When Does It Make Sense to Use a Family Trust?
A family trust is most appropriate as an estate planning tool when you live in a state where probate is very difficult. This is also ...
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