${site.data.firmName}${SEMFirmNameAlt}
Call To Schedule An Appointment
Cherry Hill856-673-0048
Linwood609-398-3447

August 2014 Archives

What would cause a will contest in New Jersey?

Ordinarily, when a New Jersey resident has an estate plan, the probate process will go smoothly and is more a matter of routine. However, there is no guarantee that an estate plan will prevent a will contest. Several factors could come into play after an individual passes away, which could be difficult to foresee.

Estate planning mishaps that can cost a family its inheritance

Most New Jersey residents want to provide for their loved ones when they pass away. However, many people make certain assumptions when it comes to estate planning that can ultimately deny a family the inheritance an individual intended to leave behind. Two of these mishaps are failing to plan at all and not changing beneficiary designations on certain accounts and insurance policies.

An estate plan is only as good as the chosen representatives

For some New Jersey residents, choosing the people to represent them in the case of incapacity or death is more difficult that making other estate planning decisions. These people could literally be making life and death decisions on an individual's behalf. When creating an estate plan, time should be taken to carefully consider these choices.

Update: Philip Seymour Hoffman was afraid to spoil his heirs

Back on Feb. 26, we wrote about Philip Seymour Hoffman's estate ("Where did Philip Seymour Hoffman's estate planning go wrong?"). More details recently came to light regarding why he may have set up his estate the way he did. Reportedly, he was adamant about not allowing his children to be considered "trust-fund kids," and his estate planning reflects that. Some New Jersey residents may not know that his children were not among the heirs to his estate. Virtually everything will pass to his partner of many years, to whom he was not married.

The Potential Pitfalls of Giving Away Your Assets

There are many reasons for transferring assets during life. No matter what your reason may be for wanting to transfer your assets, it is my job to consider the relevant factors and possible implications of such transfers. Below are some examples of common transfers made with specific planning objectives that could lead to big problems- especially if you need long term care such as that offered by an Assisted Living Facility or Nursing Home.

Law Offices of Nancy M. Rice
Representing clients in Ocean City and communities throughout New Jersey.

LOCATIONS

Law Offices of Nancy M. Rice
1236 Brace Road, Suite F
CHERRY HILL, NJ 08034

Phone: 856-673-0048
Fax: 856-673-0052
Map & Directions

Law Offices of Nancy M. Rice
Linwood Professional Plaza
2021 New Road, Unit #9
Linwood, NJ 08221

Phone: 609-398-3447
Fax: 856-673-0052
Map & Directions

Cherry Hill Office

Contact the firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy