Morristown Estate Planning Lawyer, New Jersey, page 2

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Thomas J. Gaynor

Business Organization, Wills & Probate, Estate Planning, Landlord-Tenant
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  35 Years

Susan Medinets Holzman

Real Estate, Litigation, Estate Planning, Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Philip Carl Corbo

Litigation, International, Estate Planning, Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Debra Teicher Hirsch

Trusts, Estate Planning
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  44 Years

George W. Johnson

Estate Planning, Estate, Employee Rights, Business
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  49 Years

Christine N. Bradshaw

Biotechnology, Estate Planning, Business & Trade
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Charles E. Falk

Litigation, Estate Planning, Banking & Finance, Commercial Bankruptcy
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

I. Richard Ploss

Commercial Real Estate, Estate Planning
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  34 Years

I Richard Ploss

Estate Planning, Commercial Real Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  34 Years

Manuela Sanchez-Barrows

Estate Planning, Workers' Compensation, Elder Law, Personal Injury
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

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LEGAL TERMS

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)
A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'

DISTRIBUTEE

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (ca... (more...)
(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (called intestate), state law determines what each distributee will receive. Also called a beneficiary.

DEED OF TRUST

See trust deed.

TITLE COMPANY

A company that issues title insurance.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)
Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)
A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

FAMILY POT TRUST

See pot trust.

SAMPLE LEGAL CASES

Shotmeyer v. NJ Realty Title Ins. Co.

... or conveyance of such estate or interest. . . . As part of their estate planning, the Shotmeyers formed the limited partnership, Beaver Run Farms, LP, on December 30, 1991. SB Properties, Inc., a corporation owned jointly and ...

In re Estate of Stockdale

953 A.2d 454 (2008). 196 NJ 275. In the Matter of the ESTATE OF Madeleine L. STOCKDALE, Deceased. A-121 September Term 2006. Supreme Court of New Jersey. Argued October 9, 2007. Decided July 22, 2008. 457 Frederick ...

Finderne Mgmt. Co. v. Barrett

... The brothers agreed that additional estate planning strategies "such as retitling assets, new wills, new trusts, and some other financial planning" techniques were necessary to "reduce the estate tax[es] down to a meaningful level" and, in planning for their retirement, to provide a ...

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