Peggy Sheahan Knee – Certified Elder Law Attorney

Peggy Sheahan Knee has been designated as a Certified Elder Law Attorney for another 5 years by the National Elder Law Foundation. What does this designation mean and why is it important in considering an attorney for your Elder Law needs? The National Elder Law Foundation (NELF) is the only national organization...

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Discover How Undue Influence Can Affect a Will

Undue influence is one of the most common reasons that wills are contested. Learning what undue influence is and how it works can help you address this issue. What Is Undue Influence? Undue influence is defined as a situation where one person puts undue pressure on another in order to make them change the terms of...

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Some Qualities to Look for in a Trustee

More than two-thirds of Americans have no estate plan, and most of those who do have only a basic will. If you you believe that your estate plan should include a trust as a supplement or an alternative to a will, choosing a trustee may feel overwhelming. Fortunately, working with an estate planning lawyer helps make...

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When To Consider a Spendthrift Trust

When it comes to planning your estate, providing for your loved ones is a top priority. However, concerns about their financial responsibility and potential external threats like creditors or a disgruntled spouse may arise. Fortunately, there is a solution: a spendthrift trust. What is a Spendthrift Trust? A...

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When You Are the Executor of Your Parent’s Will

What To Do As Your Parent's Executor When drafting a will, many people will name one of their children to be their executor. If you have been named the executor of your parent's will, that is a big responsibility. Here are a few points to consider.  Get a Copy of the Will As the executor of your parent's will,...

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Why Unequal Inheritances Might Be Advisable

An Unequal Inheritance Could Be an Option for Your Children For most families who have more than one child, the division of assets in estate planning is usually relatively simple. All of the assets would be divided as equally as possible among your children. However, equal might not always be fair, and more parents...

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What is a QTIP Trust?

Is a QTIP Trust Right for Your Situation? A QTIP trust is a legal vehicle through which a deceased spouse can ensure the lifetime income of a surviving spouse. An estate planning lawyer may recommend a QTIP trust when the estate of at least one of the spouses is likely to exceed the exclusion amount and therefore be...

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Beneficiary Mistakes You Don’t Want to Make

Any assets held in your estate at the time of your death will likely be subject to probate. New Jersey probate is a simple process that should be completed in one month’s time, assuming that no one launches a preemptive challenge to the Will, called filing a Caveat, or there if...

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Estate Planning and Mental Health

Why You Need to Consider Mental Health in Estate Planning An estimated 19.9% of Americans hold a diagnosis of a behavioral or mental health issue at any time. Mental illness affects people of all ages and from all walks of life. If one of your heirs has a mental or behavioral health diagnosis that impacts their...

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