THE IMPORTANCE OF TRANSFERRING OUT-OF-STATE REAL ESTATE TO A LIVING TRUST
by Thomas D. Begley, Jr., Esquire, CELA, and Ethan J. Ordog, Esquire The Issue If a decedent dies a resident of one state, but owns real estate in a second state, the estate must be probated in the state of primary residence of the decedent and then again in the state in which the…
PLANNING FOR A VACATION HOME
by Thomas D. Begley, Jr., CELA What Estate Planning Issues Must Be Addressed When Passing on a Vacation Home? If the client owns a home in a vacation area, it may be one of the family’s most cherished possessions. The client’s children may have fond memories of times spent there over the years. And if…
SMART WAY TO MAKE CHARITABLE CONTRIBUTIONS (AGE 70-1/2 OR OLDER)
by Thomas D. Begley, Jr., Esquire, CLEA There are two ways to make charitable contributions. One would be to simply write a check to the charity and claim a charitable deduction on your income tax return. The other would be to make a Qualified Charitable Distribution (QCD). This article will discuss the pros and…
What Should I Look for When Hiring A NJ Estate Planning Attorney?
There is quite a bit of misinformation when it comes to estate planning. One of the most common misconceptions is that meeting with an estate planning lawyer is something that can wait until you’ve reached retirement. If you wonder whether you need estate planning services, chances are it’s time to meet with a New Jersey…