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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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Samuel J. Myles

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Accident & Injury, Estate, Employment, Consumer Rights, Civil & Human Rights

CONTACT

800-837-9551

66 Euclid Street, Woodbury, NJ 08096

Thomas Bullock

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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

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CONTACT

24 Wilkins Ave, Haddonfield, NJ 08033

W. James Jakobowski

Real Estate, Estate Planning, Family Law, Insurance, Personal Injury

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CONTACT

220 South White Horse Pike, Audubon, NJ 08106

Peter M Halden

Estate Planning, Family Law, Personal Injury, Real Estate

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CONTACT

4 Kings Highway East, Haddonfield, NJ 08033

Blair C. Talty

Tax, Municipal, Estate Planning, Corporate

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CONTACT

360 Haddon Avenue, Collingswood, NJ 08108

Katrina Vitale

Estate, Trusts, Estate Planning, Divorce & Family Law

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CONTACT

1415 Marlton Pike East (Route 70), Cherry Hill, NJ 08034

Sarah L. Cranston

Estate

Status: Licensed: 12 Years

CONTACT

44 Cooper St., Woodbury, NJ 08096

Arthur J. MacDonald

Estate Planning, Family Law, Real Estate, Trusts

Status: Licensed: 54 Years

CONTACT

66 Euclid St, Woodbury, NJ 08096

Krista Birger Trani

Divorce, Child Custody, Family Law, Estate Planning

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CONTACT

519 White Horse Pike, Haddon Heights, NJ 08035

800-923-0641

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LEGAL TERMS

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.

DEED OF TRUST

See trust deed.

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

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.

QDOT TRUST

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spo... (more...)

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spouse. QDOT stands for qualified domestic trust.

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.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

SAMPLE LEGAL CASES

Brundage v. Estate of Carambio

The facts and circumstances that bring this matter before the Court are in some ways truly unique because, merely by the happenstance of timing, the effect of the attorney's behavior, even if we were to find that it violated our ethical standards, could not have affected the outcome of ...

In re Estate of Stockdale

We conclude that, actions arising from disputed wills and related documents designed to dispose of estate assets and which rest on allegations of undue influence are most often resolved through the equitable remedies available in the Probate Part. We further conclude that, although a ...

Estate of Cordero v. Christ Hosp.

Plaintiffs, the estate and husband of Ramona Cordero, appeal from an order granting summary judgment in favor of defendant Christ Hospital on claims of fraudulent concealment of evidence and vicarious liability for the negligence of defendant Dr. Selvia G. Zaklama. Dr. Zaklama, ...

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Runnemede Estate Lawyer, New Jersey

Sponsored Law Firm

Mark Cherry Law

SPONSORED LAWYERS

Samuel J. Myles

Thomas Bullock

Grayson H. Heberley

W. James Jakobowski

Peter M Halden

Blair C. Talty

Katrina Vitale

Sarah L. Cranston

Arthur J. MacDonald

Krista Birger Trani

TIPS

LEGAL TERMS

RESIDUARY ESTATE

DEED OF TRUST

ACCUMULATION TRUST

ANCILLARY PROBATE

GENERATION-SKIPPING TRANSFER TAX

QDOT TRUST

SPRINKLING TRUST

SPECIFIC BEQUEST

PREDECEASED SPOUSE

SAMPLE LEGAL CASES

Brundage v. Estate of Carambio

In re Estate of Stockdale

Estate of Cordero v. Christ Hosp.

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