by Knee Law | Jan 7, 2022 | Estate Planning, Trusts
A Guide to the Different Types of Trusts Are you preparing to plan your estate? An estate plan can give you peace of mind that your assets are managed appropriately both during your life and after. More and more people are turning to trusts because they offer more...
by Knee Law | Dec 6, 2021 | Estate Planning, Trusts
The Charitable Remainder Trust: A Type of an Irrevocable Trust The charitable remainder trust (CRT) is managed by a trustee, and income is paid out to either the grantor or another named beneficiary while the charity receives a donation after the grantor has passed...
by Knee Law | Nov 15, 2021 | Trusts
Challenging a New Jersey Trust If you are a beneficiary to a revocable trust and you want to contest its validity, you must do so no later than the earlier of (a) four months of your receipt of a copy of the trust from the trustee along with a notice containing...
by Knee Law | Nov 3, 2021 | Trusts
Mistakes to Avoid When Setting Up a Trust Trusts can keep your estate out of probate and potentially reduce taxes. You should understand how to correctly set up a trust to avoid problems and ensure your intentions are honored after your death or incapacity. Having the...
by Knee Law | Oct 18, 2021 | Estate Law, Trusts
Pros and Cons of Choosing an Irrevocable Life Insurance Trust Trusts are often an important aspect of planning your estate that can be used in lieu of a will or to complement a will. An estate planning lawyer can help you set up an ILIT, which is an irrevocable trust...
by Knee Law | Sep 25, 2021 | Estate Planning, Trusts
Avoid Federal Estate Taxes With Trusts If you want to transfer your wealth to your heirs, you need to know how to avoid federal estate taxes. The current federal estate tax exemption stands at $11.7 million, and thus very few estates are subject to the tax. Even so,...
