Monthly Archives: February 2025
How Long Does the Executor/Estate Administrator Have to Notify Heirs in New Jersey?
Estate administration can be complicated. The executor or estate administrator has a number of different duties—including the responsibility to notify heirs. You may be wondering: What is the deadline for heirs to be notified in New Jersey? The answer is generally 60 days from the date probate was opened. Here, our Monmouth County probate… Read More »
Who Makes Medical Decisions if an Incapacitated Person in New Jersey Failed to Appoint a Health Care Proxy?
Health care planning is a vital part of estate planning. It is too often overlooked. If you become incapacitated, another person may need to make medical decisions on your behalf. It is crucial that you empower the right trusted loved one. A health care proxy should be a part of every person’s estate plan…. Read More »
Why Asset Protection is a Key Part of Estate Planning in New Jersey
You worked hard for your life savings. A key part of estate planning is ensuring that you have the capacity to cover living expenses, maintain your quality of life, and provide the most to future generations. Asset protection is one of the most important—and often underappreciated—aspects of estate planning. Without a proper asset protection… Read More »
What are Qualified Personal Residence Trusts (QPRTs)?
For high asset and high income individuals, estate planning can be especially challenging. There are a lot of issues that need to be addressed—from wealth preservation to estate tax issues. A Qualified Personal Residence Trust (QPRT) is a type of trust that can help to remove your primary home from your estate. It offers… Read More »
Asset Protection in New York: An Overview of the Homestead Exemption
Asset protection is an important part of the estate planning process for people and families in New York. Our state’s homestead exemption offers one useful tool for wealth preservation. At Poulos LoPiccolo PC, we help clients protect their assets. Here, our New York City estate planning lawyer provides a comprehensive guide to New York’s… Read More »
When Does it Make Sense to Set Up a Private Family Foundation?
Are you considering making a large contribution to one or more charitable causes? Do you have other family members with similar views? A private family foundation may be the most effective option to achieve your goals. Here, our New Jersey estate planning lawyer explains the key points to know about setting up a private… Read More »
What is an Article 81 Guardianship Proceeding in New York?
Do you have an aging parent or other elderly/vulnerable loved one who can no longer reasonably manage his or her own affairs? If so, they may need to be placed into the care of an adult guardian in order to protect their best interests. The process for doing so in New York State requires… Read More »
Can We Get Financial Support If We Take Care of an Elderly Parent in Our Home?
For many families in New Jersey, the decision for how to handle the care needs of an aging parent is a challenging one. You may be considering moving a parent who has elder care needs into your own home. This raises an important question: Can we get financial assistance for caring for an aging… Read More »
