Advantages and Disadvantages of Creating a Testamentary Trust

Trusts can be created either during or after your lifetime. Trusts that are created after your lifetime are called testamentary trusts because they are established in your “last will and testament.” The trust is described in the will and all of the terms are often found in the will. In other situations, a testamentary trust can sometimes be created by referring to another document that actually creates the trust. Read More

Attorney Colleen Clark Participates in the Philadelphia Marathon

Matus Law Group Attorney Colleen Clark recently participated in the Philadelphia Marathon. We are so impressed and proud of her awesome accomplishment! Read More

The 5 Most Common Mistakes in Estate Planning

Do you know about the 5 most common mistakes in estate planning? Listen to Christine's interview to find out. Read More

Estate Planning: Not Just for the Rich or Elderly!

When you think of estate planning, you probably imagine an older couple with a large amount of wealth and possessions. It makes sense that they need to get their affairs in order to properly allocate their assets after they have both passed, but what role does estate planning have for you if you’re young? Even if you’re single with no children and few assets, an estate plan is still essential for you to have. Let’s Read More

5 Keys to Successful Business Succession Planning

If you’re like most business owners, you pay a lot more attention to immediate concerns like a stable balance sheet and healthy cash flow. Retirement seems like such a remote concept right now. However, putting together a solid business succession plan should be done sooner rather than later: most experts believe that succession planning should begin anywhere from 10 to 15 years before your anticipated retirement. Read More

New Jersey Estate Planning: The Difference Between a Conservatorship and a Guardianship

As New Jersey residents age, they can develop mental and physical disabilities that make it difficult to handle their personal affairs. Certain children who turn eighteen—such as those with certain disabilities—may have special physical and emotional needs that need to be addressed so they can function and live their lives. Concerned parents, family members, and friends often want to help out the people they love but Read More

Everything You Need to Know About New Jersey Probate

Planning your estate is the best way to ensure that your property is safe and passed on to the people who you want to receive it. There are several steps in securing your possessions after death and one is understanding the probate process. What Is Probate? Probate is the name of the process which takes place shortly after someone dies. In New Jersey, this takes place no sooner than eleven days after the death. The Read More

Estate Liquidity with Dion Johnson

Estate planning and life insurance is very important. Here's an important article with Dion Johnson of Axa Advisors FP, who we highly respect. The Problem… When a person dies, taxes and other costs must be paid in cash within a short period following the date of death. These taxes and costs deplete the amount of an estate left for heirs. Typical costs include federal and state estate taxes; funeral expenses; Read More

What Will Your Title Search Uncover?

As we have discussed in a previous blog, there are many ways in which an attorney can assist you in purchasing real estate. One of the key services an attorney will provide you with is conducting a thorough title search. A title search is an in depth investigation into the documentation and history of transactions involving the property. It is intended to uncover any potential legal issues which could inhibit your Read More

Advantages and Disadvantages of Creating a Revocable Trust

Revocable trusts are similar to irrevocable trusts with one key exception—revocable trusts are, as the name suggests, revocable. This means that the trust can be terminated or changed by the grantor of the trust as he or she sees fit. Depending on your circumstances, there are both advantages and disadvantages to having the control afforded by a revocable trust. We have outlined a few of the most important Read More