Family Offices and Concierge Services

Estate Planning Under the umbrella of concierge services, family offices cover such client services as travel arrangements, household personnel management, document storage, and personal shopping in addition to the traditional offerings of investing, tax planning, and estate planning. Families may turn to family offices to support their overall financial needs — to provide philanthropic planning, family education, multigenerational planning, and lifestyle management services such as a private secretary or guidance for your children. Services can be tailored and integrated to promote and preserve the identity and values of the family. You may…

April 29, 2021 (updated July 21, 2021)

FAQs About Personal Injury Lawsuits

People have accidents every day. Whether you are involved in a vehicle accident, a slip-and-fall or an animal attack, accidents can happen anywhere. If you were injured, you may have to ask yourself if someone else was at fault. Is someone legally responsible for your injuries? To file a personal injury lawsuit, another person or institution must break his or her duty of care and act negligently. What Does Duty of Care Mean? One of the most common examples of duty of care involves a grocery store. If you are in a…

October 27, 2020 (updated December 9, 2020)

New York Estate Administration Tip

Estate Planning Lawyer Bergen County, NJ

Important New York Surrogate's (Estate) practice tip for Intestate Estates You can find New York estate distribution laws in EPTL 4-1.1 - 4-1.6 (https://www.nysenate.gov/legislation/laws/EPT/A4P1). However, if you want to be in charge, that is more difficult. This is because not everyone who inherits under EPTL is able to petition for letters of administration. To be eligible to petition, you also need to be a pretty close relative aka next of kin. Relatives who are able to petition are: a)Â spouse, b) children, c) grandchildren, c) parents, d) siblings, e) aunts and uncles,…

April 14, 2020 (updated December 9, 2020)

New Jersey Real Estate Shopper

Overview If you are planning to settle down and buy a home, New Jersey should be at the top of your list. Most areas in New Jersey have low crime, great schools and wonderful supporting and self-sustaining communities. Many places in New Jersey have the infrastructure in place to enable daily commute to New York and Pennsylvania metro areas. Real Estate When shopping for residential real estate, consumers have a wide array of areas and price ranges to choose from. For example, consumers should expect to pay more in the north east…

December 22, 2019 (updated December 9, 2020)

Qualified Income Trust / Pooled Trust and their Application

Overview The purpose of this article is to shed light on the complex topic involving Qualified Income Trusts and Pooled Trusts. Furthermore, I will try to distinguish between New York Law and New Jersey Law. Qualified Income Trust N.J. Admin. Code Â§ 10:71-4.11 The purpose of aÂ Qualified Income Trust (QIT) is to qualify an applicant for Medicaid in cases where income exceeds 300% of Federal Benefit Rate (FBR). For purposes of this document, I will refer to this as excess income. Under New Jersey regulations, excess income can be placed in…

December 10, 2019

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