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Assets in an irrevocable trust are not automatically protected from New Jersey Medicaid. Under New Jersey rules, any part of an irrevocable trust that can
Guardianship does not automatically override or terminate parental rights in New Jersey. A guardianship order can give another adult legal authority to care for a
Probate is the legal process that occurs after someone dies to validate their will, pay debts, and distribute assets to beneficiaries. In New Jersey, a
You can have both a will and a revocable living trust in New Jersey. In many cases, people benefit from using both documents in their
A Qualified Personal Residence Trust (QPRT) allows you to transfer your home to your children or other beneficiaries at a reduced tax cost. You place
Being named as an executor means you have significant legal responsibilities. You must probate the will, manage assets, pay debts and taxes, and distribute property
A grantor trust is a trust where you retain enough control or benefits that the IRS treats you as the owner for income tax purposes.
A pooled special needs trust protects assets for people with disabilities without disqualifying them from Medicaid or SSI. A nonprofit organization manages the trust. Multiple
In New Jersey, everyone who reaches the age of 18 (the legal age of majority) can legally make their own decisions. This is true even
Probate is the legal process of gathering a deceased person’s assets, paying their debts, and distributing what remains to their beneficiaries. In New Jersey, probate
