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Wills, Probate & Estate Planning Terms

Advance Directive for Health Care/Living Will

A document stating your treatment preferences for medical care should you become ill, mentally disabled or unable to communicate your wishes.


Executor/Personal Representative

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.


Guardian

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.


Instruction Directive/Living Will

A document that provides instructions for your health care treatment should you become ill, mentally disabled, or are unable to make your own decisions.


Intestate

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.


Letters Testamentary

A Court Order (from the Surrogate’s Court) allowing the executor to carry out the directives in the Will.


Proxy Directive/Durable Power of Attorney for Health Care/Medical Power of Attorney

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.


Power of Attorney

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


Probate

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.


Short 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.


Surrogate

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.


Testamentary Guardianship

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.


Trust

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.


Will/Testament

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.


Will Contest

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.

  • NJ Golf Foundation Chairman’s Award

    Michael Rosenberg will be honored at the thirteenth annual New Jersey Golf Foundation Golf Classic on August 12 at the Baltusrol Golf Club in Springfield, New Jersey. Mason, Griffin & Pierson is pleased to be a sponsor of the event. The Foundation is the charitable arm of the New Jersey Section, PGA of America and was created to positively impact lives and communities through the game of golf. For more information go to www.njgolffoundation.org.

  • Girls on the Run Hosts a Somerset Patriots Baseball Family Fun Night

    Girls on the Run (GOTR) of Central New Jersey is hosting a “Family Fun Night” at Somerset Patriots Baseball Stadium in Bridgewater, New Jersey on Friday, September 20 starting at 7:05 PM. As a thank you and in recognition of its generous support over the years, Mason, Griffin & Pierson will be included in the GOTR suite at the event. GOTR is a 10 week program in the fall and spring for girls in grades 3 through 8 to help girls successfully navigate adolescence. The Girls on the Run curriculum combines training for a GOTR 5K running event with lessons that inspire girls to become independent thinkers, enhance their problem solving skills and make healthy decisions. GOTR of Central New Jersey serves Middlesex, Monmouth, Ocean, Camden and Somerset Counties. Associate Attorney, Nicole Sciotto is a member of the Advisory Board of Girls on the Run, Central New Jersey. For more information go to www.GOTRCNJ.org and to purchase tickets please visit www.somersetpatriots.com/tickets/groupportal; click “Group Portal Login” and enter group password “GOTR19”.

  • SAFE in Hunterdon

    The firm is pleased to support "An Evening of Hope" on Thursday, September 12 at the Riverside Ballroom at the Lambertville Station Inn in Lambertville, New Jersey. The fundraiser honors community leaders, Steve and Christine Little. The event will raise funds to help foster safety, empowerment and healing for survivors of domestic and sexual violence. For more information go to https://safeinhunterdon.org/.