Monthly Archives: June 2025
Estate Planning and Providing for Your Children
Parents throughout the Summit area want to make sure that their children will have the financial resources they need in the future, even if those parents are not physically here to provide for them. New Jersey has many different estate planning options that can allow individuals and married couples to make financial plans for… Read More »
Portability and Estate Tax: What to Know
For anyone in the Summit area who expects to leave a high net worth estate to loved ones, it is essential to learn more about federal estate tax and potential ways of minimizing estate tax. One way that estate tax might be minimized is through something known as “portability.” This is a term that… Read More »
How Can Making a Will Reduce Family Conflict?
When a parent or grandparent dies, the distribution of that family member’s estate can result in a significant amount of family conflict. In some cases, family members are already at odds with one another, making conflict nearly inevitable. In other cases, family members who previously got along with one another and often found grounds… Read More »
Can I Create a Joint Will with My Spouse?
Are you and your spouse both thinking about making a will and wondering if you can simply create one will that will be effective for both of you? New Jersey law does permit married couples to create a joint will (and only married spouses), but there are important benefits as well as limitations that… Read More »
What is a Will Contest?
When you make a will in New Jersey, you will want to do everything you can to ensure that the will is valid and enforceable, and that you have also taken steps to minimize the likelihood of a will contest. What is a will contest? In short, it is a legal term that refers… Read More »
Estate Planning for Small Business Owners
Small business owners in the Summit area and elsewhere in New Jersey often spend a significant amount of time and money to create the market value and sweat equity associated with their small business. For many small business owners, the services they provide and the goods they sell are a central part of their… Read More »
Putting Your Home in a Trust: What to Consider
If you have never considered estate planning and asset protection with a lawyer in Summit who handles estate planning and elder law matters, it might sound like a strange idea to you to put your home in a trust. However, there are multiple benefits to placing your house in a trust, and those benefits… Read More »
What is a subdivision?
Pursuant to Section 7 of the Municipal Land Use Law, a subdivision is defined as follows: “Subdivision” means the division of a lot, tract or parcel of land into two or more lots, tracts, parcels or other divisions of land for sale or development. The following shall not be considered subdivisions within the meaning… Read More »