Contesting a Will Based Upon Undue Influence
How to Contest a Will Because of Undue Influence A will is a binding legal document in New Jersey if it complies with the requisite formalities. This being said, there are times when it may be necessary to contest a will because of undue influence or related circumstances. What Does It Mean to Contest a Will?...
Estate planning for small business owners
Estate Planning Essentials for Small Business Owners There are over 33 million small businesses in the United States. While not at the top of most business owners' to-do lists, proper estate planning ensures a smooth transition and offers financial security to loved ones. Business Succession Planning Small...
Don’t Bequeath These Items to Your Heirs
The majority of people prefer a minimalist style of decor, and some individuals even prefer an overall minimalist lifestyle. After a lifetime of accumulating possessions, your estate plan will likely include a listing of who gets what. However, there are many things your heirs just don't want, and working with an...
Basic Types of Trusts and Their Purposes
While many people agree that it's important to have an estate plan, just 33% of Americans have wills. Among millennials with estate plans, 75.18% have wills while far fewer have trusts. While they are not as common as wills, creating a trust with the help of an experienced New Jersey estate planning lawyer might help...
What to Do About Your Cryptocurrency in Your Estate Plan
Around 59.1 million Americans owned cryptocurrency in 2021, and this number will naturally rise as this digital asset continues to gain popularity. Big companies are investing in cryptocurrency and starting NFTs, which will continue to bring in more people to the space. In New Jersey, it's possible for you to pass on...
Update Your Estate Plan After Finalizing Your Divorce
The average age of a person going through a first divorce is just 30 years old. Even if you're at or near that age, estate planning may be the last topic on your mind. However, working with an estate planning lawyer will help you be prepared for your new future and ensure that the change in your marital status is...
Preparing for the Potential Upcoming Estate Tax Updates
In 2017, Congress increased estate tax exemption limits through its passage of the Tax Cuts and Jobs Act. Without additional legislation, these changes are temporary and will expire at midnight on Dec. 31, 2025. New Jersey estate planning lawyers warn that if you do not adjust your estate plan in advance, there may...
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...
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...
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 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...