by Knee Law | Dec 14, 2021 | Estate Planning, Inheritance
Ensuring Your Stepchildren Are Beneficiaries in a Trust or Will According to a report that the National Bureau of Economic Research published in 2016, parents who had a stepchild had an approximately 30% higher likelihood of planning inheritances that were unequal....
by Knee Law | Dec 6, 2021 | Estate Planning, Trusts
The Charitable Remainder Trust: A Type of an Irrevocable Trust The charitable remainder trust (CRT) is managed by a trustee, and income is paid out to either the grantor or another named beneficiary while the charity receives a donation after the grantor has passed...
by Knee Law | Dec 2, 2021 | Estate Planning
Everything You Should Know About Guardianship vs. Conservatorship When a loved one is unable to continue making their own decisions, it’s possible to request guardianship or conservatorship by submitting the request to a New Jersey court. In 2017, there were...
by Knee Law | Nov 7, 2021 | Estate Law, Estate Planning
Estate Planning Options to Consider for Your Grandchildren The estate planning process is full of changes every step of the way. As grandchildren are added to the family tree, they are often added to the estate plan. This requires a number of different amendments,...
by Knee Law | Oct 30, 2021 | Estate Planning, Medicaid
Medicaid Planning for Your Estate Medicaid is a federal and state program that provides health care coverage for people with limited income and other resources. Many people rely on Medicaid for long-term care, and long-term care accounts for 20% of all Medicaid...
by Knee Law | Sep 25, 2021 | Estate Planning, Trusts
Avoid Federal Estate Taxes With Trusts If you want to transfer your wealth to your heirs, you need to know how to avoid federal estate taxes. The current federal estate tax exemption stands at $11.7 million, and thus very few estates are subject to the tax. Even so,...
