by Knee Law | Jun 16, 2022 | Estate Planning, Trusts
What Are Grantor Retained Annuity Trusts? A Grantor Retained Annuity Trust, or GRAT, is a type of irrevocable trust administered by a third party and used to lower the value of your assets that will be taxed by the IRS for estate tax purposes. The GRAT’s... by Knee Law | Jun 12, 2022 | Estate Planning, Inheritance, Last Will and Testament
Updating Your Estate Plan as a Blended Family Blended families have become more common in the U.S., with 16% of children in the country living in blended families. When you remarry, you’ll want to revisit your estate plan to ensure it reflects your wishes based... by Knee Law | Jun 8, 2022 | Estate Planning
Do I Need to Have an Irrevocable Life Insurance Trust? Only one out of every three American adults has an estate plan in place. Most people who lack one believe that they don’t have enough assets to make it worth the trouble. Setting up an irrevocable life... by Knee Law | Jun 4, 2022 | Estate Planning, Trusts, Wills
What Details to Discuss Regarding Your Parents’ Estate Plan Many parents haven’t written down their wills; in fact, according to recent statistics, 50 to 60% of Americans don’t have a will. Although, talking about your parents’ estate plan can... by Knee Law | May 16, 2022 | Estate Planning, Inheritance
The Relationship Between Bankruptcy, Inheritances, and Estate Planning If you are considering filing for bankruptcy, there are a few things you should know about how it might impact a prospective inheritance as well as your estate plan. Bankruptcy can sometimes affect... by Knee Law | May 12, 2022 | Estate Planning, Wills
Is Naming Your Child As Executor the Right Decision? When you name an executor in your New Jersey will, they need to be at least 18 years old. Although it’s common for people to name one of their children as their executor, you don’t have to. In some...