Moorestown Wills & Probate Lawyer, New Jersey

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Mark Cherry
About | Practice Areas
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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Includes: Estate Administration, Living Wills, Wills

Steven A. Aboloff

Business Organization, Estate Administration, Estate Planning, Guardianships & Conservatorships

Status:

CONTACT

8000 Midlantic Dr., Ste 300 S, Mount Laurel, NJ 08054

Yasmeen S. Khaleel

Business Successions, Estate Administration, Estate Planning, Business Organization, Estate

Status: Licensed: 30 Years

CONTACT

8000 Midlantic Dr, Mount Laurel, NJ 08054

Edward P Vidal

Social Security -- Disability, Family Law, Wills & Probate, Government Agencies

Status: Licensed: 30 Years

CONTACT

714 East Main Street, Moorestown, NJ 08057

M. Zev Rose

Social Security, Wills & Probate, Business, Medical Malpractice

Status: Licensed: 62 Years

CONTACT

308 Harper Dr, Moorestown, NJ 08057

Seth N. Broder

Wills, Wills & Probate, Corporate, Contract, Other

Status: Licensed: 29 Years

CONTACT

110 Marter Ave, Moorestown, NJ 08057

Judith Lee Azaren

Wills & Probate, Wills, Trusts, Elder Law

Status: Licensed: 49 Years

CONTACT

49 Toledo Lane, Willingboro, NJ 08046

Lori M McNeely

Wills & Probate, Trusts, Estate, Child Custody

Status:

CONTACT

505 S Lenola Rd Ste 103, Moorestown, NJ 08057

Harvey J. Jacob

Wills & Probate, Estate Administration

Status:

CONTACT

1814 Route 70 East, Cherry Hill, NJ 08003

Brian W. Donnelly

Collection, Estate Planning, Business, Wills & Probate

Status:

CONTACT

457 Haddonfield Road, Cherry Hill, NJ 08002

Dennis McInerney

Real Estate, Trusts, Elder Law, Wills & Probate

Status:

CONTACT

710 E Main St, Moorestown, NJ 08057

800-814-6700

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LEGAL TERMS

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB 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.

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.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

SAMPLE LEGAL CASES

In re Probate of Will and Codicil of Macool

As correctly found by the trial court, the salient facts of this case are undisputed. Louise and Elmer Macool were married for forty years; this was, for both, their second marriage. Although they did not have biological children together, Louise raised Elmer's seven children from his prior ...

Higgins v. Thurber

... In reversing the grant of summary judgment to defendants, the panel specifically noted that although a potential claim sounding in legal malpractice may have been raised in a previous Bergen County probate proceeding in which defendant Mary Thurber intervened on the cusp ...

State v. McCabe

... restrictions. We are asked to decide whether a municipal court judge must recuse himself when the judge and the defense attorney are adversaries in an unrelated, pending probate case that has been dormant for two years. ...

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Moorestown Wills & Probate Lawyer, New Jersey

Sponsored Law Firm

Mark Cherry Law

SPONSORED LAWYERS

Steven A. Aboloff

Yasmeen S. Khaleel

Edward P Vidal

M. Zev Rose

Seth N. Broder

Judith Lee Azaren

Lori M McNeely

Harvey J. Jacob

Brian W. Donnelly

Dennis McInerney

TIPS

LEGAL TERMS

HEIR APPARENT

INTESTATE

RESIDUARY BENEFICIARY

LIFE BENEFICIARY

GENERATION-SKIPPING TRANSFER TAX

TRUST DEED

ESTATE TAXES

RESIDUARY ESTATE

SPRINKLING TRUST

SAMPLE LEGAL CASES

In re Probate of Will and Codicil of Macool

Higgins v. Thurber

State v. McCabe

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