Estate Planning Can Protect Your Wealth For The Future
Prudent and careful estate planning can help you enjoy your wealth in security and pass it to your heirs with ease, eliminating unnecessary expenses and delays. At Herold Law, P.A., our attorneys prepare wills and trusts of all types and advise clients on the advantages of different options to minimize taxes while achieving personal goals. We customize a plan to fit your circumstances.
You can rely on our attorneys, several of whom have been listed among The Best Lawyers in America (Trusts and Estates Section) and New Jersey Super Lawyers list (Estate Planning/Trusts Practice Area), and one of them is a member of the American College of Trust and Estate Counsel.
Providing A Full Range Of Estate Planning Services
Our estate planning lawyers provide individual attention while developing asset protection and wealth transfer strategies for each client. These often include:
- Last wills and testaments
- Living trusts
- Irrevocable life insurance trusts
- Charitable remainder trusts
- Charitable private foundations
- Personal residence trusts
- Family limited partnerships
- Limited liability companies
- Powers of attorney
- Living wills
There are many advantages to having a comprehensive estate plan in addition to a will. Avoiding probate, minimizing taxation and placing conditions on bequests are some of the key features. Let our attorneys show you how the right combination of legal instruments can provide safeguards for your health and welfare while you are alive and ease of transfer to your beneficiaries when you pass.
Easing The Transition After A Loved One Has Passed
After a loved one passes in New Jersey, the estate must go through the process of probate (if a will exists) or estate administration (if there is no will). The executor named in the will or appointed by the court is charged with satisfying the probate requirements. A representative approved by the court settles an estate administration. Challenges to closing a loved one’s estate include:
- Probating a will
- Paying taxes and creditors
- Collecting debts owed to the estate
- Identifying, locating and notifying beneficiaries
- Locating and assembling assets
- Distributing assets to the proper parties
- Litigating disputes, such as will challenges, in probate court
Depending on the size of the estate, this can be an enormous task, and it can be overwhelming for an inexperienced individual. Our firm advises executors, trustees and beneficiaries regarding estate and trust administration issues. For those seeking individual executors or trustees, where other appropriate persons are unavailable, members of the firm are qualified to act and do act as fiduciaries.
Executors, estate representatives and trustees of trusts are fiduciaries with a duty to perform their tasks faithfully. In addition to acting as trustees, we represent fiduciaries and beneficiaries in litigation involving estates and trusts.
Let Us Help With Your Trust Or Estate
The attorneys at Herold Law, P.A., help clients establish comprehensive estate plans and execute those plans after someone passes. To schedule a consultation with a skilled and knowledgeable trusts and estates lawyer, call our Warren office at 908-647-1022, our Florida office at 561-501-6073 or contact us online.