From our “Ask a Question” Mailbag: Funding New Jersey Trusts with Jewelry
Most Recently Updated July 20, 2018.
“I have some very nice pieces of jewelry that I would like to make sure stays in the family, passing from oldest daughter to oldest daughter. Can I form a trust in my will to hold jewelry?”
Funding New Jersey Trusts with Jewelry
Yes, in your will, you can form a trust to hold almost anything. In the past, I have formed trusts to hold real estate, artwork, and even a rather unique chair. The trust’s terms can be crafted to suit your needs, including making sure your jewelry is held for the eldest daughter. Because New Jersey revoked the Rule Against Perpetuities, this trust could shelter your jewelry for as long as you have a living descendant. Pretty cool!
More Planning Questions?
Funding a trust is only a piece of the Estate Planning process. By all means, if you want to learn more, please read my more detailed article, Estate Planning Everything You Need to Know.
In Conclusion: Funding New Jersey Trusts with Jewelry
I hope that this article was helpful in explaining trust funding. Further, I included links to even more detailed information on my website so you can learn more. Therefore, please contact me and let me know how I did. Certainly, your comments and questions are welcome!
Let our Estate Planning lawyers help walk you through what can be a confusing process. To begin with, call to speak to one of our experienced estate planning lawyers. By all means, our lawyers are ready to answer your questions. In fact, feel free to contact our office for a free consultation. Ultimately our goal is to make the process as painless as possible!
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