How to Challenge a Trust in New Jersey

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...

Common Mistakes When Setting Up a Trust

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...

Advantages and Disadvantages of an ILIT

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...

Trusts Help You Avoid Federal Taxes

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,...

Types of Trusts From a Legal Perspective

Important Information About Different Types of Trusts According to a survey, over half of Americans don’t have a living trust. If you’re one of these Americans, you may want to explore your options. This guide will help you get started. What Is a Trust? In...