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Wills Trusts Estates

Wills, Trusts, and Estates

By preparing a Basic Will, an individual controls how their property is distributed. Without a will, the government will determine how your property is distributed.

When a loved one passes away, we are here for you: we work hard to provide compassionate help and effective legal services during your time of need.

The legal process of transferring a person’s assets after their death is known as Estate Administration. Probate is a part of the Estate Administration process. During probate, the deceased person’s Last Will and Testament are presented to the Surrogate’s Court, and the Heirs at Law are notified and informed of the Will. When the court determines that all is in order, the Executor is appointed. Then, estate bills are paid, tax returns are filed, and the assets are distributed according to the Will’s instructions. Generally, the estate is closed after the assets are distributed.

If one does not have a Will, then his or her estate is handled with an Administrative Proceeding in the Surrogate’s Court. An Administrator is appointed to represent the estate, conduct estate business, and distribute the assets according to New Jersey Law.

Trust Administration is the process where a trustee manages and distributes assets in the manner dictated by the terms of the trust instrument. While Estate Administration can span many months, Trust Administration can span many years, depending on the situation. Whether the Creator of the Trust is still living or is deceased, we ensure that the trust assets are appropriately managed according to your wishes.

Planning for Wills, Trusts, and Estates is a very sensitive and complex endeavor. Basic life planning, including a Will and a Living Will at a minimum, is important for everyone – no matter how much or how little you own.

Wills, Trusts and Estates Focus Areas

  • Asset Protection Strategies
  • Medicaid Planning
  • Living Wills
  • Power of Attorney
  • Family Trusts & Special Needs Trusts

Let us help you!

If you need assistance, please feel free to contact us.

Call : (1)973-729-7711

Contacts@AskinLaw.com Mon – Fri 9:00-5:00

 

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