Articles Posted in Estate Planning

A financial durable power of attorney is essential to protect your assets once you are no longer capable of doing so yourself. If you are based in New Jersey and have assets you want to protect your finances to ensure your family’s future, this document is an essential part of your estate plan. We recommend…

The New York estate tax can cause confusion and even legal issues, especially for people unfamiliar with its specifics. If you or a loved one owns an asset in New York, it’s critical that you understand the basics of this tax rule. Hiring an estate planning attorney to handle your estate tax is essential, but…

In a recent significant legal decision, a Nevada probate commissioner denied Rupert Murdoch’s attempt to amend his family’s irrevocable trust. This case has drawn widespread attention from estate planning lawyers — and not just because of its high-profile figures.  If you’re currently navigating the complexities of estate planning in New York, and any other state,…

Estate planning is crucial in ensuring your wishes are carried out before and after death — but it’s not always a simple process. Many people make significant yet avoidable estate planning mistakes in New York, either through neglect, not using an attorney, or misunderstanding the process. Here are the eight most common errors people make…

When was the last time you saw your will? Do you have a copy of it? You may not realize it, but unfortunately, a copy of a will in New Jersey probate may not be good enough to fulfill your wishes. If you cannot find your original will, our New Jersey estate planning lawyers are…

Older adults who are estate planning know the value of leaving their assets to their loved ones. However, how do they go about this? How do they ensure that their properties and financial assets go to the people they love the most without unnecessary legal battles? If you’ve ever asked these questions, you need a…

Imagine a handy tool that lets you call the shots on your money and belongings, even after you’re gone. That’s the magic of a Revocable Living Trust (RLT). Think of a Revocable Living Trust  as a container that holds your stuff – bank accounts, investments, real estate, you name it. The best part? You can…

Imagine you and your sibling inherit a beloved lake house from your parents. You both have fond memories of spending summers there and want to keep it in the family. But without a plan in place, figuring out how to transfer ownership could be confusing and time-consuming. The probate and estate planning attorneys at The…

What is Probate? Imagine this: someone close to you passes away. Their belongings and savings need a new home. This means that probate will be required in order for those assets to be administered. Probate is the legal process that determines who inherits these assets by validating your loved one’s will. At The Chamberlain Law…

Imagine this: You’ve inherited a beloved family member’s estate, brimming with memories and assets. As you navigate the legalities, you stumble upon a critical requirement—an Employer Identification Number (EIN). This unique identifier, akin to a social security number for the estate, is your gateway to fulfilling IRS obligations and managing the estate’s affairs smoothly. An…