Parsippany Trusts Lawyer, New Jersey

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Craig Provorny
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Herold Law, P.A.
25 Independence Boulevard Warren, New Jersey 07059-6747» view map
Estate, Wills & Probate, Power Of Attorney, Trusts
Committed To Excellence

Herold Law, P.A. is committed to reaching the most efficient and effective resolutions possible for their clients.

800-845-9621
1. Craig Provorny Warren, NJ
  Attorney at Law - NJ, 1986
  Yeshiva, JD, Magna Cum Laude, 1986
2. AboutHerold Law, P.A.
  Over 20 years of experience.
3. Practice AreasExpertise
  Estate Law
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Anders Wenstrand

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Wills & Probate, Trusts, Contract, DUI-DWI

With a legal mind honed at New York Law School and a global perspective cultivated at the London School of Economics, I bring over 15 years of experie... (more)

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347-697-8579

20 Commerce Drive, Cranford, NJ 07016

Kristen Alexis Curatolo

Trusts, Trade Associations, Real Estate, Business

Status: Licensed: 14 Years

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600 Campus Drive, Florham Park, NJ 07932

Gary R Botwinick

Trusts, Estate, Child Custody, DUI-DWI

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165 E. Main Street, Denville, NJ 07834

Christopher J Roman

Trusts, Wills, Living Wills, Gift Taxation

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165 East Main Street, Denville, NJ 07834

Ronnie Ann Powell

Gift Taxation, Trusts

Status: Licensed: 42 Years

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325 Columbia Tpke, Florham Park, NJ 07932

Richard Ira Bier

Real Estate, Corporate, Commercial Real Estate, Trusts

Status: Licensed: 52 Years

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75 Eisenhower Parkway, Roseland, NJ 07068

Walter LeVine

Business, Business Organization, Estate, Trusts, Estate Planning

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23 Vreeland Rd, Florham Park, NJ 07932

Lawrence Bell

Trusts, Real Estate, Bankruptcy, Land Use & Zoning

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4 Sylvan Way, Parsippany, NJ 07054

Allan Markus

Trusts, Real Estate

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4 Sylvan Way, Parsippany, NJ 07054

Kinjal Desai

Trusts

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CONTACT

4 Sylvan Way, Parsippany, NJ 07054

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LEGAL TERMS

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

NET ESTATE

The value of all property owned at death less liabilities or debts.

SAMPLE LEGAL CASES

OBERHARD v. Director, Div. of Tax

... She named her husband Robert Oberhand (Mr. Oberhand) executor and trustee, and established two trusts, a Marital Trust and a Family Trust. ... [1] The formula of the trusts was designed to avoid or limit the amount of federal and state 1205 estate taxes. ...

MATTER OF TRUST CREATED BY AGREEMENT DATED DECEMBER 20, 1961

... set forth. For our purposes, it is sufficient to note that between 1939 and 1963 Johnson created a series of trusts to benefit his family members. At ... Hill's sense of redundancy derived from his review of earlier trusts. In 1939, Johnson ...

In re Estate of Flood

... 378. In the Matter of the Trusts to be Established in the Matter of the ESTATE OF Margaret A. FLOOD, Deceased. ... The parties proceeded on the assumption that the decedent possessed the unfulfilled intent to create supplemental benefits trusts for her two disabled daughters. ...

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Parsippany Trusts Lawyer, New Jersey

Sponsored Law Firm

Herold Law, P.A.

SPONSORED LAWYERS

Anders Wenstrand

Kristen Alexis Curatolo

Gary R Botwinick

Christopher J Roman

Ronnie Ann Powell

Richard Ira Bier

Walter LeVine

Lawrence Bell

Allan Markus

Kinjal Desai

TIPS

LEGAL TERMS

TRUST CORPUS

RULE AGAINST PERPETUITIES

SUCCESSOR TRUSTEE

ABSTRACT OF TRUST

TRUSTEE POWERS

ESTATE TAXES

SURVIVING SPOUSE'S TRUST

ADMINISTRATION (OF AN ESTATE)

NET ESTATE

SAMPLE LEGAL CASES

OBERHARD v. Director, Div. of Tax

MATTER OF TRUST CREATED BY AGREEMENT DATED DECEMBER 20, 1961

In re Estate of Flood

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