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Tag: Atlantic County

How to fire an estate attorney in Atlantic County?

Posted on Fri Jun 5, 2015, on Probate and Estate Administration

From our “Ask a Question” mailbag: I am a New Jersey resident serving as the Personal Representative of my mother’s Atlantic County, New Jersey estate. I hired a Atlantic County attorney to probate the estate and help me administer the estate, but I cannot get her to return my calls. What can I do?

We hear questions like these more often than you might think, especially from families who have never really required the services of a skilled attorney. Hiring a lawyer can be intimidating, and it’s especially hard to focus on day-to-day tasks when you’re also dealing with grief. However, customer service means everything in every industry, especially ours. It’s not enough to assume that your probate attorney’s going to do their job if they’re seemingly too busy to communicate with you.

Klenk Law

Should I pay the premium on a life insurance policy naming me as beneficiary?

Posted on Fri Jun 5, 2015, on Life Insurance

From our “Ask a Question” mailbag: My mother is incapacitated and living in an assisted living facility in Atlantic County, New Jersey. She appointed my brother Agent under her Power of Attorney. My mother has a life insurance policy that names me as beneficiary. My brother refuses to make the payment, so the policy will soon lapse. Can I make the payment?

The insurance company does not care who sends the check. Therefore, you certainly can make the payment.

The real question you should be asking here is: should you make the payment?

Klenk Law

How do I get answers about an inheritance in Atlantic County?

Posted on Tue Jun 2, 2015, on Formal Accounting

From our “Ask a Question” mailbag: My husband’s aunt willed him a share of the proceeds on the sale of her jewelry, but the executor told us that the money was mine and sent me a check. We looked up the will ourselves at the Atlantic County Surrogate, and it looks like my husband should get more money. The executor will not answer our questions. What can we do?

As an heir listed in the will, your husband has the legal right to force the executor to account for the estate. Even though the money landed in your household, there could be plenty of reasons for you to insist that the cash is properly accounted for.

Klenk Law

Do I Need to Probate In Atlantic County, New Jersey?

Posted on Sat Apr 4, 2015, on Probate and Estate Administration

My entire life I have lived in Atlantic County, New Jersey. My parents lived in Atlantic City, and so do I. My father died two years ago and my mother passed away as an Atlantic County resident last week. I was an only child, and everything in my mothers Will was left to me, and I am executor. Do I need to probate her Will or open an Estate? Her only assets were our family home valued at $600,000 and her car.

In New Jersey, there are only few cases where there is no need to probate a Will. The two most common situations are 1) when a person dies with no individually held assets or 2) an individual dies with no assets whatsoever.

Klenk Law

If I have a Trust in New Jersey, do I also need a Will?

Posted on Tue Mar 31, 2015, on Revocable Trusts and Living Trusts

I am a resident of Atlantic County, New Jersey. If I have recently formed a Revocable Living Trust and moved all my New Jersey assets into the trust, do I still need a Will?

If the goal in forming your Revocable Living Trust was to avoid probate, then you must either transfer all your assets that would otherwise be Probate Assets into the trust during your lifetime or have them pour into the Revocable Trust at your death. That is often done by using a Payable on Death Account or naming the Trust as Beneficiary.

Klenk Law

Avoiding Trouble as Executor with a Brother’s Ex-Wife in Atlantic County, NJ

Posted on Mon Mar 23, 2015, on Estate Litigation

I am the personal representative of my brother’s Atlantic County, New Jersey estate and all the assets pass into trust for his minor children. I am worried his ex-wife will object to everything that I do as executor as she is unhappy that she doesn’t get control over the children’s money. What can I do to avoid trouble?

This is one of those situations where no good deed goes unpunished. You are serving as your brother’s executor to make sure your nieces and nephews are properly cared for, but by serving as personal representative you are also responsible for any mistakes or errors you make that reduce the children’s inheritance.

Klenk Law

Can I disclaim my inheritance in Atlantic County, New Jersey?

Posted on Wed Mar 18, 2015, on Estate Planning

My father, an Atlantic County, New Jersey resident, is planning to leave me an inheritance in his Will. I have substantial creditor problems. If my father dies, can I disclaim my inheritance so it passes to my children?

In New Jersey, a disclaimer is an heir’s legal refusal to accept a gift or a bequest. In other words, you can’t force someone to accept a gift. If a Will names someone an heir or if a life insurance policy names a beneficiary, that heir or beneficiary cannot be “forced” to accept the gift. If the heir or beneficiary legally and properly refuses the gift, it is called a “disclaimer.”

Klenk Law

Mileage Reimbursement for Executors in Atlantic County, NJ

Posted on Thu Mar 12, 2015, on Fees

As Executor of an Atlantic County Estate, can I be reimbursed for mileage?

As the executor of an estate, your expenses incurred in handling the estate are reimbursable from the estate assets. Typical examples are filing fees, parking fees, and money that you pay to have the estate assets secured or cleaned. You are also reimbursed for reasonable travel costs that were incurred only because of the estate.

Klenk Law

New Jersey Rules on Funeral Directives – What You Should Know

Posted on Thu Feb 5, 2015, on Funeral Directive

Often the most sensitive question when estate planning – where and how do you want your remains disposed? I realize this appears morbid, but it is a necessary consideration. In New Jersey, the State has established default rules when a Will is silent on the issue, or if the testator fails to designate a specific person with authority over the decision. Similar to intestacy, these rules are utilitarian in nature. As with any one-size fits all rule, there will likely be family conflict and litigation.

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