Estate Closure Should be Completed by an Experienced Lawyer

estate administration New JerseyIn accordance with the law, an estate is responsible for paying the following with the assets from an estate:

  • Expenses for the decedent’s funeral;
  • Administration expenses, which includes legal fees, probate fees, and appraisals among others;
  • Money owed to the government such as estate and income taxes; and
  • Real property taxes that were accrued prior to the decedent’s death.

Continue reading “Estate Closure Should be Completed by an Experienced Lawyer”

Pre-Plan and Pre-Pay Today!

estate plan lawyer Wayne New JerseyWhile it may be emotional and difficult to think about, pre-planning and pre-paying for a funeral will ensure that your wishes are carried out properly.  In addition, establishing an irrevocable pre-paid funeral trust can also assist with spending down assets in order to become eligible for Chronic Care Medicaid.  An irrevocable pre-paid funeral trust cannot be canceled, changed, or revoked prior to death.  It is worth noting that the money in the trust cannot be refunded even if the funeral costs less than the funds available. Continue reading “Pre-Plan and Pre-Pay Today!”

Planning Your Own Funeral May Mitigate the Risk of Disputes Between Grieving Family Members

An authorization for final disposition allows someone to designate an agent to make arrangements for their funeral, as well as take control of his or her body upon death. An authorization for final disposition can set forth instructions for the following:

  • Burial;
  • Viewing;
  • Headstone;
  • Attire;
  • Flowers; and
  • Cost, among other arrangements.

Continue reading “Planning Your Own Funeral May Mitigate the Risk of Disputes Between Grieving Family Members”

Authorization for Final Disposition

Estate Planning Lawyer Wayne, NJAn authorization for final dispositions is a document that allows a person to designate who will be in charge of their body and funeral arrangements upon his or her death. In addition, the document provides family members and loved ones with specific instructions regarding a person’s wishes for their funeral and body disposition. The document may include information regarding: Continue reading “Authorization for Final Disposition”