Are You Ready for Life?

September 8, 2019

Over the last 20+ years of practicing law, I have been frustrated by the lack of thought given to beneficiary form planning regarding retirement assets such as IRAs, 401ks, 403bs, etc. We are programmed to contribute the “max” to our retirement accounts and we disregard, or do not understand, the ...

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If your son or daughter is turning 18, here are a few things you need to know: If you have an UGMA/UTMA savings account for your child, did you know those assets are his/her legal property and once that instrument matures (most often 21 years old or 18, if you designated that at time of ...

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Inertia is one of the hardest things to overcome. As Newton said, “an object at rest, stays at rest…”. You have just completed compiling paperwork for your income tax returns. I suggest using that organizational momentum to review your estate plan. Many times during the course of a conversation ...

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An end of year planning opportunity: Donor-Advised Funds A donor-advised fund (“DAF”) is a separately funded or account that is maintained and operated by a §501(c)(3) organization, which is referred to as a sponsoring organization; consider it a charitable investment account. Once a donor makes ...

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Last Will and Testaments are a critical component to ensure your assets are protected and pass to the people/organizations you intended. However, some simple Wills have limitations and they are important to point out: Last Will and Testaments serve to protect your family and your ...

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If your son or daughter is turning 18, here are a few things you need to know: If you have an UGMA/UTMA savings account for your child, did you know those assets are his/her legal property and once that instrument matures (most often 21 years old or 18, if you designated that at time of ...

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A must watch for anyone considering renovations, here is a recent interview that I conducted -- on my HomeTowne TV Show called “Are You Ready for Life?” -- with Christa Anderson, City of Summit Zoning Officer, to discuss the nuances within the variance process. I asked Christa to shed some ...

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They accepted our offer, now what? At times both equally exhilarating and terrifying, the purchase of a home can be a total roller coaster ride -- especially when it is your first time going through the process. Between suddenly being expected to understand the intricacies of contracts and the ...

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As we embark on the New Year, here are your Top 5 Legal Resolutions for 2018: 1. Your Estate plan: Create One or Review Yours Estate tax laws have never been more favorable for New Jersey residents. The Federal Estate Tax and Exemption is now $10.98 million (per spouse) and, currently, there ...

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Welcome to your 30s!  No matter what your family and living situation, it’s time to think about protecting assets and planning for the future. Whether you are single with a rental apartment, living with a partner, or have a spouse, children and a home, there are some basic steps you can take to ...

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In the wake of recent on campus tragedies, there are some facts you should be armed with before dropping your child off at college. Even though he or she will always be your child, once turning 18, they are a legal adult with many privacies protected; disciplinary and medical records to name ...

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