Dynasty Trusts are created to benefit your decedents, not you! In New Jersey since the revocation of the “Rule Against Perpetuities”, Dynasty Trusts, in theory, can be created to last forever; however in reality almost all clients decide that they should be terminated after approximately three generations—for a multitude of reasons. The Dynasty Trust can

Read more…

Many estate plans provide for the creations of trusts after death for the benefit of a surviving spouse, children or charity. This article discusses some of the issues that arise when funding these “testamentary trusts,” whether created under a will or a revocable trust. Funding a testamentary trust requires the transfer of assets into a

Read more…

While many people are postponing updating their estate planning documents until there is a little more certainty about the next estate tax law effective January 1st, 2013, a person should still continue to update his or her existing estate planning documents. Also, waiting for the Congress to determine how it wants to set the estate

Read more…

When was the last time your reviewed the beneficiary designation form from your retirement plan, IRA, life insurance policies or annuities? If your answer is typical, you don’t remember. A recent U.S. Supreme Court decision should motivate some people to move this overlooked step higher on their priority list. This particular ruling involved a 401(k)

Read more…