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Law Offices of Nancy M. Rice
1236 Brace Road, Suite F
Cherry Hill, NJ 08034
Phone: 856-673-0048
Fax: 856-673-0052
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Linwood Professional Plaza
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Linwood, NJ 08021
Phone: 609-398-3447
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December 2014 Archives

Gifting Assets, Is it Wise?

Our latest Blog published on FamilyAffaires.com

There are many potential complications when you consider gifting assets during life-especially if you need long-term care such as that offered by an Assisted Living Facility or Nursing Home. The first thing to consider is the amount of your assets and your goals in preserving them. Read more.

Will contest has stalled distribution of James Brown's estate

New Jersey fans of James Brown may already know that this Christmas marks the eighth anniversary of his death. By all accounts, Brown's estate plan was meticulously done. It was obvious to those who perused it that he put his soul into its creation. However, that did not stop a will contest from stalling the distribution of his estate since his death.

Debts and the New Jersey probate process

The majority of estate-planning discussions center on an individual's assets. Sometimes, it is not until a loved one has passed away that family members turn their attention to his or her debts. Whatever debts the decedent has that survive his or her death are handled during the New Jersey probate process.

Why every adult in New Jersey should have an estate plan

As 2014 draws to a close, people's thoughts may not only be on the holidays, but also on wrapping up their finances for the year. This is a good time to take stock of any estate-planning arrangements that need to be made. Every adult New Jersey resident needs an estate plan -- especially if he or she has children or property.

What does it mean to be the executor of someone's estate?

Deciding who will be the executor of your New Jersey estate may seem like a simple decision, but it should be given more than a passing thought. This person will be responsible for many tasks -- not just the distribution of your property. Therefore, it may be beneficial to have at least a rudimentary understanding of what an executor is required to do, which could help you and the person you ask make an informed decision.