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- Passing the Estate to Nonfamily Members: Expert Witness
In some situations, a person may wish to pass his or her property to a business partner, friend, church member or other individual outside of his or her own family. Understanding what heirs are and any statutory right to inherit is important. An expert witness can explain the steps that are legally necessary to effectuate this transaction and whether they were or were not present in a specific situation.
- Expert Witness on Testamentary Capacity
Experts are often needed when a will must be analyzed either before or after the person has died. Testamentary capacity is regarded as the legal and mental ability of a person to create or change a valid will.
- How Do I Plan My Estate if I Have Property in Different Countries?
Estate planning is the process of determining how to treat property upon a person’s death. This process is often complicated if a person has property in different states or countries.
- Property through Intestacy Risks
An estate plan is essential when creating property or structures on land. Without a plan on what may occur when the holder is unable to perform tasks or loses his or her life, there are often severe complications that occur.
- Can You Avoid the Gift Tax in New Jersey?
If you have left anything of value in your will to gift to a loved one in the event of your death, then you should be aware that in the State of New Jersey anyone who has lived or owns property there will be subject to inheritance and state estate tax.
- What Are Common New Jersey Real Estate Laws?
Whether selling or buying knowing the common NJ real estate laws is important to help you to make the right legal decisions. As the process is stressful enough as it is you do not want to worry about legalities holding up the process. The first thing you need to do if you are selling is get an attorney. The attorney’s job is to review your contract and help you to make any revisions necessary to ensure it is legally binding.
- What Is a Probate Notice in New Jersey?
If it cannot be clearly decided as to whom the recipients of a will are then assets will be taken into probate until it is decided how inheritance is to be divided.
- Estate Planning with Revocable Living Trusts to Avoid Probate
Probate is a costly, stressful, time consuming process that many estates must go through upon the death of a loved one. Luckily, with proper estate planning using Revocable Living Trusts, it is absolutely possible to avoid probate. As a Cleveland, Akron area estate planning attorney, we help clients avoid probate and save thousands of dollars on probate fees, reduce the stress and hassle of going to court, and make the loss of a loved one much easier to deal with.
- Undue Influence – When Is a Will or Power of Attorney Considered "Unduly Influenced"?
Undue influence can cause a vulnerable person such as an elderly person or individual with cognitive impairment to change his or her will or other financial document. Skilled manipulators may get the elderly person to do their bidding and move away from their natural inclination to provide to certain individuals.
- What is the Value of a Verbal Agreement
When making a verbal agreement, it is important to understand that these are considered as binding contracts between parties for the specific topic or issue at hand. Even though the matter is not written or completed with the assistance of a legal professional, it is often binding with certain terms or stipulations.