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Mark Cherry
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Mark Cherry Law
385 Kings Highway North Suite 101 Cherry Hill, NJ 08034Â» view map
Estate
Where Every Client Matters

We want our clients to be confident and secure knowing we are a law firm ready to take on the fight and challenge with them.

800-824-6431
1. Mark Cherry Cherry Hill, NJ
  Attorney at Law - NJ, 1986
  Widener University J.D. 1986
2. AboutMark Cherry Law
  I will work with you whichever direction you chose to go.
3. Practice AreasSpecializations
  Estate, Wills, Power of Attorney
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Thomas Bullock

✓ VERIFIED

Estate Planning, Trusts, Wills & Probate

Thomas Bullock is a practicing lawyer in the state of New Jersey & has been licensed for 45 years. Attorney Bullock received his J.D. from Widener Uni... (more)

CONTACT

609-352-7499

2 Kings Hwy. W., Haddonfield, NJ 08033

Grayson H. Heberley

Social Security -- Disability, Mental Health, Wills & Probate, Trusts

Status: In Good Standing

CONTACT

24 Wilkins Ave, Haddonfield, NJ 08033

Nancy M. Rice

Social Security -- Disability, Mental Health, Wills & Probate, Trusts

Status: In Good Standing Licensed: 38 Years

CONTACT

1236 Brace Rd, Cherry Hill, NJ 08034

Kenneth Harris

Estate, Business Organization, Corporate, Trusts, Pension & Benefits

Status: In Good Standing

CONTACT

2 White Horse Pike, Haddon Heights, NJ 08035

Gregory Taglienti

Real Estate, Trusts, Business, Car Accident, Divorce

Status: In Good Standing

CONTACT

-, Somerdale, NJ 08083

Jenifer Gaglia Fowler

Real Estate, Trusts, Estate, Elder Law

Status: In Good Standing Licensed: 26 Years

CONTACT

76 E Euclid Ave, Haddonfield, NJ 08033

Frank Demmerly

Trusts, Real Estate

Status: In Good Standing

CONTACT

One Centennial Square, 33 E. Euclid Ave., Haddonfield, NJ 08033

George Beppel

Trusts, Tax, Real Estate, Business

Status: In Good Standing

CONTACT

One Centennial Square, 33 E. Euclid Ave., Haddonfield, NJ 08033

Marc Lario

Trusts, Real Estate

Status: In Good Standing

CONTACT

One Centennial Square, 33 E. Euclid Ave., Haddonfield, NJ 08033

Peter Driscoll

Trusts, Real Estate

Status: In Good Standing

CONTACT

One Centennial Square, 33 E. Euclid Ave., Haddonfield, NJ 08033

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LEGAL TERMS

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property 'per stirpes,' Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

SAMPLE LEGAL CASES

OBERHARD v. Director, Div. of Tax

... She named her husband Robert Oberhand (Mr. Oberhand) executor and trustee, and established two trusts, a Marital Trust and a Family Trust. ... [1] The formula of the trusts was designed to avoid or limit the amount of federal and state 1205 estate taxes. ...

MATTER OF TRUST CREATED BY AGREEMENT DATED DECEMBER 20, 1961

... set forth. For our purposes, it is sufficient to note that between 1939 and 1963 Johnson created a series of trusts to benefit his family members. At ... Hill's sense of redundancy derived from his review of earlier trusts. In 1939, Johnson ...

In re Estate of Flood

... 378. In the Matter of the Trusts to be Established in the Matter of the ESTATE OF Margaret A. FLOOD, Deceased. ... The parties proceeded on the assumption that the decedent possessed the unfulfilled intent to create supplemental benefits trusts for her two disabled daughters. ...

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Magnolia Trusts Lawyer, New Jersey

Sponsored Law Firm

Mark Cherry Law

SPONSORED LAWYERS

Thomas Bullock

Grayson H. Heberley

Nancy M. Rice

Kenneth Harris

Gregory Taglienti

Jenifer Gaglia Fowler

Frank Demmerly

George Beppel

Marc Lario

Peter Driscoll

TIPS

LEGAL TERMS

PROBATE

PER STIRPES

POUR-OVER WILL

GENERATION-SKIPPING TRANSFER TAX

GRANTOR RETAINED INCOME TRUST

TRUSTEE

TRUST DEED

WARRANTY DEED

INVENTORY

SAMPLE LEGAL CASES

OBERHARD v. Director, Div. of Tax

MATTER OF TRUST CREATED BY AGREEMENT DATED DECEMBER 20, 1961

In re Estate of Flood

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