Morristown Estate Planning Lawyer, New Jersey, page 2

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Craig Provorny
About | Practice Areas
Herold Law, P.A.
25 Independence Boulevard Warren, New Jersey 07059-6747» view map
Estate, Wills & Probate, Power Of Attorney, Trusts
Committed To Excellence

Herold Law, P.A. is committed to reaching the most efficient and effective resolutions possible for their clients.

800-845-9621
1. Craig Provorny Warren, NJ
  Attorney at Law - NJ, 1986
  Yeshiva, JD, Magna Cum Laude, 1986
2. AboutHerold Law, P.A.
  Over 20 years of experience.
3. Practice AreasExpertise
  Estate Law
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2. Email
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Includes: Gift Taxation

Bryan Elliot Bloom

International Tax, Estate Planning, Commercial Real Estate, Tax

Status: In Good Standing Licensed: 41 Years

CONTACT

600 Campus Dr, Florham Park, NJ 07932

Bryan Elliot Bloom

General Practice

Status: In Good Standing Licensed: 41 Years

CONTACT

600 Campus Dr, Florham Park, NJ 07932

Charles E. Falk

Litigation, Estate Planning, Banking & Finance, Commercial Bankruptcy

Status: In Good Standing

CONTACT

100 Southgate Parkway, Morristown, NJ 07962

Christine N. Bradshaw

Biotechnology, Estate Planning, Business & Trade

Status: In Good Standing

CONTACT

100 Southgate Pkwy, Morristown, NJ 07960

Debra Teicher Hirsch

Trusts, Estate Planning

Status: In Good Standing Licensed: 44 Years

CONTACT

49 Market St, Morristown, NJ 07960

Diane M Weber

Commercial Real Estate, Wills, Estate Planning, Elder Law

Status: In Good Standing Licensed: 30 Years

CONTACT

110 So Jefferson Rd, Whippany, NJ 07981

Edward Wacks

Estate Planning, Estate Administration, Real Estate, Wills & Probate, Estate

Status: In Good Standing Licensed: 57 Years

CONTACT

110 So. Jefferson Rd., Whippany, NJ 07981

Edward Wacks

Estate Planning, Estate Administration, Legal Malpractice, Elder Law

Status: In Good Standing

CONTACT

25 Prospect Street, Morristown, NJ 07960

Elizabeth A. Sheeleigh

Corporate, Commercial Real Estate, Gift Taxation, Joint Ventures

Status: In Good Standing

CONTACT

Morristown, NJ 07962

Francis James Giambalvo

Commercial Real Estate, Litigation, Estate Planning

Status: In Good Standing

CONTACT

18 Columbia Tpke, Florham Park, NJ 07932

800-923-0641

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LEGAL TERMS

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.

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

PROBATE COURT

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate cour... (more...)

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate court' in New York and several other states, this court normally examines the authenticity of a will -- or if a person dies intestate, figures out who receives her property under state law. It then oversees a procedure to pay the deceased person's debts and to distribute her assets to the proper inheritors. See probate.

CREDIT SHELTER TRUST

See AB trust.

LIFE BENEFICIARY

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

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving 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 capita, Julie and the two grandchildren will each take a third. If, on the other hand, 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).

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

SAMPLE LEGAL CASES

Shotmeyer v. NJ Realty Title Ins. Co.

... or conveyance of such estate or interest. . . . As part of their estate planning, the Shotmeyers formed the limited partnership, Beaver Run Farms, LP, on December 30, 1991. SB Properties, Inc., a corporation owned jointly and ...

In re Estate of Stockdale

953 A.2d 454 (2008). 196 NJ 275. In the Matter of the ESTATE OF Madeleine L. STOCKDALE, Deceased. A-121 September Term 2006. Supreme Court of New Jersey. Argued October 9, 2007. Decided July 22, 2008. 457 Frederick ...

Finderne Mgmt. Co. v. Barrett

... The brothers agreed that additional estate planning strategies "such as retitling assets, new wills, new trusts, and some other financial planning" techniques were necessary to "reduce the estate tax[es] down to a meaningful level" and, in planning for their retirement, to provide a ...

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Morristown Estate Planning Lawyer, New Jersey, page 2

Sponsored Law Firm

Herold Law, P.A.

SPONSORED LAWYERS

Bryan Elliot Bloom

Bryan Elliot Bloom

Charles E. Falk

Christine N. Bradshaw

Debra Teicher Hirsch

Diane M Weber

Edward Wacks

Edward Wacks

Elizabeth A. Sheeleigh

Francis James Giambalvo

TIPS

LEGAL TERMS

TRUST DEED

LAPSE

REMAINDERMAN

PROBATE COURT

CREDIT SHELTER TRUST

LIFE BENEFICIARY

PER CAPITA

HOLOGRAPHIC WILL

POWER OF APPOINTMENT

SAMPLE LEGAL CASES

Shotmeyer v. NJ Realty Title Ins. Co.

In re Estate of Stockdale

Finderne Mgmt. Co. v. Barrett

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