Toy house, gavel and text PROBATE. Real estate and law concept

How Trusts Can Protect Your Assets from Probate and Taxes

Imagine your loved ones struggling through a lengthy probate process, waiting months—or even years—to access the inheritance you intended for them. Now imagine the government significantly reducing that inheritance through taxes you didn't plan for. Fortunately, there’s a powerful tool to avoid these costly outcomes: a properly structured trust.

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Why Avoid Probate?

Probate is the court monitored process of administering an estate after a person has passed away. You may have heard that it can be a good idea to try to avoid probate, which can be accomplished during the estate planning process. At this point, however, you may be wondering why it can be so...
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How Your Accounts May Impact Estate Planning and Administration

Q: How can having many accounts or joint accounts impact estate planning and administration? When New York and New Jersey estate planning attorneys meet with a client to craft a comprehensive estate plan, they begin a fact-finding mission that examines the individual’s unique lifestyle, their assets and debts, their goals and plans, their worries and...
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Can the families of a gangster’s murdered victims inherit from his estate?

Many people who die in prison, especially those incarcerated for decades, may die leaving estates with little to no value. Some may not even have a will. But if they own anything that doesn’t pass automatically to the heirs, or if their estate has the potential of coming into money after their death, their...
Can the families of a gangster’s murdered victims inherit from his estate? Continue reading…