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Mark Cherry
About | Practice Areas
Mark Cherry Law
385 Kings Highway North Suite 101 Cherry Hill, NJ 08034Â» view map
Estate
Where Every Client Matters

We want our clients to be confident and secure knowing we are a law firm ready to take on the fight and challenge with them.

800-824-6431
1. Mark Cherry Cherry Hill, NJ
  Attorney at Law - NJ, 1986
  Widener University J.D. 1986
2. AboutMark Cherry Law
  I will work with you whichever direction you chose to go.
3. Practice AreasSpecializations
  Estate, Wills, Power of Attorney
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James R. Fridie

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Divorce & Family Law, Criminal, Child Custody, Family Law, Estate

SKILLED GUIDANCE THROUGH TURBULENT TIMES

I am the founder and owner of the Fridie Law Group LLC. We are a full-service litigation firm with a concentration in Family Law, Criminal Law, Elder ... (more)

FREE CONSULTATION

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800-859-9690

101 Route 130, Cinnaminson, NJ 08077

Mark Stuart Cherry

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Accident & Injury, Bankruptcy & Debt, Criminal, Estate, Lawsuit & Dispute

Bankruptcy, Real Estate, and Litigation

Mark S Cherry, Attorney at Law, PC is a general practice professional law firm in Cherry Hill, NJ that, in addition to the general practice of law, as... (more)

CONTACT

800-824-6431

385 Kings Hwy N, Cherry Hill, NJ 08034

Samuel J. Myles

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Accident & Injury, Estate, Employment, Consumer Rights, Civil & Human Rights

CONTACT

800-837-9551

66 Euclid Street, Woodbury, NJ 08096

Cara McCafferty

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Divorce & Family Law, Accident & Injury, Estate, Motor Vehicle, Power of Attorney

Solo Practitioner

I am an enthusiastic and very capable attorney that has own practice. With over 12 years of experience, I am confident that my abilities can meet your... (more)

FREE CONSULTATION

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800-994-0860

975 Route 73 North, Marlton, NJ 08053

Blair C. Talty

Tax, Municipal, Estate Planning, Corporate

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360 Haddon Avenue, Collingswood, NJ 08108

W. James Jakobowski

Real Estate, Estate Planning, Family Law, Insurance, Personal Injury

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220 South White Horse Pike, Audubon, NJ 08106

Grayson H. Heberley

Social Security -- Disability, Mental Health, Wills & Probate, Trusts

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24 Wilkins Ave, Haddonfield, NJ 08033

Peter M Halden

Estate Planning, Family Law, Personal Injury, Real Estate

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4 Kings Highway East, Haddonfield, NJ 08033

Jennifer Ward Hampton

Leisure, Estate Planning, Employment, Insurance

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1000 Lenola Road, Moorestown, NJ 08057

Katrina Vitale

Estate, Trusts, Estate Planning, Divorce & Family Law

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1415 Marlton Pike East (Route 70), Cherry Hill, NJ 08034

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LEGAL TERMS

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

FAMILY POT TRUST

See pot trust.

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

TAKING AGAINST THE WILL

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property.... (more...)

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property. The surviving spouse can take that share instead of accepting whatever he or she inherited through the deceased spouse's will. If the surviving spouse decides to take the statutory share, it's called 'taking against the will.' Dower and curtesy is another name for the same legal process.

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

SAMPLE LEGAL CASES

Brundage v. Estate of Carambio

The facts and circumstances that bring this matter before the Court are in some ways truly unique because, merely by the happenstance of timing, the effect of the attorney's behavior, even if we were to find that it violated our ethical standards, could not have affected the outcome of ...

In re Estate of Stockdale

We conclude that, actions arising from disputed wills and related documents designed to dispose of estate assets and which rest on allegations of undue influence are most often resolved through the equitable remedies available in the Probate Part. We further conclude that, although a ...

Estate of Cordero v. Christ Hosp.

Plaintiffs, the estate and husband of Ramona Cordero, appeal from an order granting summary judgment in favor of defendant Christ Hospital on claims of fraudulent concealment of evidence and vicarious liability for the negligence of defendant Dr. Selvia G. Zaklama. Dr. Zaklama, ...

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Camden Estate Lawyer, New Jersey

Sponsored Law Firm

Mark Cherry Law

SPONSORED LAWYERS

James R. Fridie

Mark Stuart Cherry

Samuel J. Myles

Cara McCafferty

Blair C. Talty

W. James Jakobowski

Grayson H. Heberley

Peter M Halden

Jennifer Ward Hampton

Katrina Vitale

TIPS

LEGAL TERMS

LAPSE

FAMILY POT TRUST

PREDECEASED SPOUSE

IRREVOCABLE TRUST

ALTERNATE BENEFICIARY

AB TRUST

RESIDUARY ESTATE

TAKING AGAINST THE WILL

QTIP TRUST

SAMPLE LEGAL CASES

Brundage v. Estate of Carambio

In re Estate of Stockdale

Estate of Cordero v. Christ Hosp.

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