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A document stating your treatment preferences for medical care should you become ill, mentally disabled or unable to communicate your wishes.
The person you designate as responsible for carrying out the arrangements specified by you in your Will. This may include filing of tax returns, hiring an attorney or accountant if necessary, paying creditors, and filing a final accounting with the Court.
A person appointed by the court to oversee the physical and financial care of a child, a minor, or someone who is incapable of making their own decisions due to a physical or mental disability.
A document that provides instructions for your health care treatment should you become ill, mentally disabled, or are unable to make your own decisions.
The estate of a person who dies without a Will. If you die without a Will the laws of the State in which you were resident at the time of your death will determine who will represent your estate and to whom your assets will be distributed.
A Court Order (from the Surrogate’s Court) allowing the executor to carry out the directives in the Will.
A document that designates the person you appoint to make health care decisions for you should you become incapacitated due to severe injury, illness, mental disability, or are otherwise unable to communicate your wishes.
A document that gives authority to another person(s) to act on your behalf financially, for business purposes, or in other situations. You are the principal. The person you designate is the agent / attorney in fact
Upon death, a legal procedure which authorizes a Will as being valid. This requires going to the Surrogate’s Court in the county where the decedent lived and presenting the original Will and a death certificate.
A document issued by the Surrogate’s Court, which the executor uses as proof of their appointment when they close bank accounts, transfer property, and take other actions on behalf of the estate of the decedent.
In each county of New Jersey, the Surrogate is the elected individual who, among other duties, validates the Will of a deceased person and sees that the Will is properly executed by the named executor.
If you have a child or oversee the care of a minor or someone who is incapable of making their own decisions due to a physical or mental disability, you should name a person in your Will, referred to as the “guardian,” to take care of that minor or disabled person upon your death. The “guardian” will have custody of the minor and will be responsible for making all necessary decisions for that minor. Such decisions may include educational, financial, or medical decisions and/or helping to handle shopping and everyday care activities.
There are numerous types of trusts used in estate planning. Trusts involve a “trustee” (the person who holds money/assets) and a “beneficiary” (the person who benefits from the money/assets). The “trustor” /“grantor”/ “donor”/“settlor” is the person who generally provides the money/assets and creates the trust that provides personal or financial support to the beneficiary. A “testamentary” trust is a trust created as part of your Will and begins at your death. An “inter vivos trust” begins when you create it and continues during your lifetime or until revoked.
A document that states your wishes for distribution of your property after death. No matter the size of the estate, a Will is of great importance. Not only does it specify who will carry out the terms of the Will (executor), but it ensures that your assets and property are distributed to the intended persons in the desired amounts and as otherwise directed by you.
The validity of a will may be contested and litigation may end up being the only method to resolve the conflict. Most often a Will contest is due to a claim that the deceased was mentally deficient or was under improper influence while making the Will.
On July 14, 2021, Robert J. Davidow, Esq., an Associate Attorney with our firm, was appointed as general counsel to the Board for the West Windsor Parking Authority. Mr. Davidow, as a member of the firm’s Local Government Practice Group and Litigation Practice Group, is looking forward to his role in assisting the Authority with fulfilling its objectives and duties to its resident visitors. MG&P welcomes the Authority as a new client.
UrbanPromise Trenton is a non-profit, "for promise" organization providing free After School drop-in and Summer Camp programs to the youth of Trenton. Learn more at www.urbanpromisetrenton.org