by Knee Law | Oct 1, 2023 | Estate Law, Estate Planning
Is a QTIP Trust Right for Your Situation? A QTIP trust is a legal vehicle through which a deceased spouse can ensure the lifetime income of a surviving spouse. An estate planning lawyer may recommend a QTIP trust when the estate of at least one of the spouses is...
by Knee Law | Sep 26, 2023 | Estate Law, Estate Planning, Inheritance, Wills
Any assets held in your estate at the time of your death will likely be subject to probate. New Jersey probate is a simple process that should be completed in one month’s time, assuming that no one launches a preemptive challenge to the Will, called filing a Caveat,...
by Knee Law | May 25, 2023 | Estate Law
Millennials typically have a lower net worth than their parents, and they carry substantial student loan debt. Additionally, they aren’t saving enough for retirement. What’s more, since they are often responsible for children, older adults, and sometimes...
by Knee Law | Apr 30, 2023 | Estate Law, Estate Planning
For the most part, grantors are required to give up all control of gifted assets. This has many people so afraid of estate tax inclusion that they are completely repelled from this option, but the 529 plan provides the single exception to the rule. Section 529 of the...
by Knee Law | Apr 12, 2023 | Estate Law, Estate Planning
Creating an Estate Plan When Interest Rates Are High In 2022, the Federal Reserve hiked the federal funds rate several times, which resulted in interest rates increasing by a considerable amount. Interest rates for a 30-year mortgage are just over 6% at the moment,...
by Knee Law | Mar 22, 2023 | Estate Law, Estate Planning, Trusts
A trust is an estate planning tool that lets you benefit beneficiaries both during your lifetime and after your death in a manner you feel is best. Unfortunately, there are times when the beneficiaries may want to void a trust or remove or sue a trustee. You could be...
