When you’re a parent, nothing is more important than the welfare of your children. While many of us would rather not think about it, giving serious thought to the issue of your children’s guardianship in the event of your death is an essential part of your estate planning. Some parents mistakenly assume that having assigned […]

Living Wills

While an estate planning lawyer primarily helps you plan for the disposition of your estate and the care of your dependents after your death, some of what an estate planning attorney does has to do with making decisions while you’re still alive. Specifically, your attorney will create your Living Will. A Living Will, sometimes referred […]

Irrevocable Life Insurance Trusts (ILIT)

At Nodelman Law, we have drafted numerous Irrevocable Life Insurance Trusts as part of our clients’ estate plans. There is a common misconception that life insurance is not taxable.  Unfortunately, the proceeds from life insurance policies are included in the gross estate for the calculation of estate taxes.  Thus, an individual’s gross estate will include […]

New Jersey and New York Estate Planning

Estate planning is the process of anticipating and preparing for the disposition of an estate, and it requires specialized knowledge and experience. When seeking an estate planning attorney, individuals turn to Nodelman Law for our reputation for one-on-one, individualized attention. In undertaking the development of your estate plan, we utilize various legal instruments, including Last […]

New Jersey and New York Estate Administration

Estate Administration is a process that can take several months to several years, depending on the size and complexity of the estate, which means you need an estate attorney you can trust and feel comfortable working with long term. We diligently strive to settle an estate as quickly and efficiently as possible, in order to minimize […]

Tax Planning FAQs

Q. WHAT KIND OF TAXES WILL I HAVE TO PAY WHEN I DIE? A. Depending on the State, a decedent is responsible for the payment of both State and Federal gift and estate taxes. Estate and gift taxes are in addition to the taxes paid on income. No Federal estate or gift tax is due […]

Probate FAQs

Q. WHAT IS PROBATE? A. Probate is the legal process that allows the court to prove or disprove the decedent’s last will and testament, allows heirs to contest the will and appoints and grants authority to the executor of the estate to act on behalf of the estate during the estate administration. Q. HOW DOES […]

Estate Planning FAQs

Q. WHAT IF I DIE WITHOUT A LAST WILL AND TESTAMENT? A. When an individual has no plan for distributing assets at death, that individual is deemed to have died intestate. When an individual dies intestate, the court appoints an administrator to administer the assets and state law determines how the assets are distributed. What […]

Legal Practice

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