by Knee Law | Mar 1, 2025 | Estate Planning, Wills
When you’re creating an estate plan or inheriting certain assets from a family member, the step-up in basis rule will likely apply to most of the assets. Of the 40% of American adults who have created a will, many overlook what the step-up in basis means for...
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 | Sep 6, 2022 | Estate Planning, Wills
How to Include Your Art Collection in Estate Planning Many people enjoy collecting works of art as a way to showcase their preferences, invest for the future, or preserve pieces that have intrinsic, cultural, or historical value. Around the world, 53% of art...
by Knee Law | Jun 4, 2022 | Estate Planning, Trusts, Wills
What Details to Discuss Regarding Your Parents’ Estate Plan Many parents haven’t written down their wills; in fact, according to recent statistics, 50 to 60% of Americans don’t have a will. Although, talking about your parents’ estate plan can...
by Knee Law | May 12, 2022 | Estate Planning, Wills
Is Naming Your Child As Executor the Right Decision? When you name an executor in your New Jersey will, they need to be at least 18 years old. Although it’s common for people to name one of their children as their executor, you don’t have to. In some...
by Knee Law | Apr 8, 2022 | Estate Planning, Wills
How to Choose the Right Executor for Your Estate When you appoint someone as the executor for your will, you are trusting them to administer all the details of your estate in an accurate and timely fashion. An executor has a legal duty to administer your estate in a...
