What Is a Qualified Personal Residence Trust?
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
What Should You Expect as the Executor of a Will in New Jersey?
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
What Is a Grantor Trust in New Jersey?
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.
What Is a Pooled Special Needs Trust in New Jersey?
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
Guardianships for People with Disabilities
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
Does a Will Have to Be Probated in New Jersey?
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
How Do You Become Someone’s Health Care Proxy in New Jersey?
In New Jersey, a health care proxy is a legal document that allows an individual to appoint someone else to make health care decisions on
Medicaid Compliant Annuities in New Jersey
Proactive planning is essential for securing Medicaid benefits while safeguarding your hard-earned assets. Medicaid Compliant Annuities are a powerful financial tool that can play a
