Category Archives: Estate Planning
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 »
Does a Power of Attorney have to Be Notarized in New Jersey?
A power of attorney (POA) is one of the most important estate planning documents. It helps to ensure that a trusted person has the authority to act on your behalf if you are not in a position to do so. You may be wondering: Does your POA have to be notarized in New Jersey?… Read More »
Four Considerations When Picking the Executor for Your Will
Do you have a will? You Should. Your last will and testament helps to set the foundation for your estate plan. As part of your will, you will need to name an executor. An executor is a person named to manage the deceased estate. They are responsible for carrying out the instructions in the… Read More »
An Overview of the Estate Tax Laws in New York (2024)
Are you a New York State resident? If so, you need a comprehensive estate plan. For high asset people, estate taxes should be considered. At Poulos LoPiccolo PC, we have extensive experience handling estate planning matters, including estate taxes. Here, our New York estate planning lawyer provides a guide to the estate tax laws… Read More »
Estate Planning for Parents: What is the Best Way to Set Up a Guardianship for Minor Children in New York?
Are you a parent who has young kids or teenagers? If so, it is imperative that your child(ren) is carefully considered in your estate plan. Among other things, you should set up a guardianship. At Poulos LoPiccolo PC, we help parents navigate estate planning matters. Here, our New York City estate planning lawyer explains… Read More »
Can I Use a Transfer on Death Deed as an Estate Planning Tool for Real Estate in New Jersey?
For many people, real estate—whether a primary residence or other property—is among their most important assets. With that in mind, it is crucial that real estate is at the center of your estate planning strategy. You may be wondering: Can I use a transfer on death deed for real estate in New Jersey? The… Read More »
