Somerville Estate Planning Lawyer, New Jersey

Sponsored Law Firm

x
Click For More Info:

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
1. Contact
2. Email
3. Refer
5. Visit:
6. Website
7. Profile

Includes: Gift Taxation

Katherine E. Ingrassia

Estate Planning

Status: In Good Standing

CONTACT

1256 Route 202/206 North, Bridgewater, NJ 08807

A. Nichole Cipriani

Estate Planning, Gift Taxation

Status: In Good Standing

CONTACT

721 Route 202-206, Bridgewater, NJ 08807

Abbey Michele Horwitz

Estate Planning, Trusts, Wills & Probate, Immigration

Status: In Good Standing

CONTACT

400 Crossing Blvd, Bridgewater, NJ 08807

G. Robert Marcus

Merger & Acquisition, Medical Products & Devices, Estate Planning, Business

Status: In Good Standing

CONTACT

721 Route 202-206, Bridgewater, NJ 08807

Howard D. Crane

Housing & Construction Defects, Estate Planning, Insurance, Business Organization

Status: In Good Standing Licensed: 35 Years

CONTACT

308 Us Highway 206, Millstone Township, NJ 08844

Kara Allison Kaczynski

Real Estate, Estate Planning, Consumer Protection, Business

Status: In Good Standing Licensed: 26 Years

CONTACT

275 East Main St, Somerville, NJ 08876

Kevin John O'Donnell

Estate Planning, Commercial Real Estate

Status: In Good Standing

CONTACT

25 Independence Blvd, Warren, NJ 07059

Lawrence A Friedman

Wills, Estate Planning, Elder Law, Accident & Injury

Status: In Good Standing Licensed: 48 Years

CONTACT

12 Cushing Dr, Bridgewater, NJ 08807

Michael Caruso

Personal Injury, Traffic, Estate Planning

Status: In Good Standing

CONTACT

Bridgewater, NJ 08807

Michelle Lauren Scanlon

Education, Estate Planning, Estate, Elder Law

Status: In Good Standing Licensed: 9 Years

CONTACT

400 Crossing Blvd, Bridgewater, NJ 08807

800-923-0641

Free Help: Use This Form or Call 800-943-8690

Call me for fastest results!
800-943-8690

Free Help: Use This Form or Call 800-943-8690

By submitting this lawyer request, I confirm I have read and agree to the Consent to Receive Messages from all messaging and voice technologies including Email, Text, Phone, Terms of Use, and Privacy Policy. Information provided is not privileged or confidential.

LEGAL TERMS

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.

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).

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

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.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

PUBLIC ADMINISTRATOR

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

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.

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 ...

SORT BY:

FILTER BY:

Free Consultation
Male
Female
Suspended

Somerville Estate Planning Lawyer, New Jersey

Sponsored Law Firm

Herold Law, P.A.

SPONSORED LAWYERS

Katherine E. Ingrassia

A. Nichole Cipriani

Abbey Michele Horwitz

G. Robert Marcus

Howard D. Crane

Kara Allison Kaczynski

Kevin John O'Donnell

Lawrence A Friedman

Michael Caruso

Michelle Lauren Scanlon

TIPS

LEGAL TERMS

ESTATE TAXES

RESIDUARY ESTATE

GRANTOR RETAINED INCOME TRUST

TRUST CORPUS

ANCILLARY PROBATE

ADMINISTRATION (OF AN ESTATE)

PUBLIC ADMINISTRATOR

LIVING TRUST

TRUSTEE

SAMPLE LEGAL CASES

Shotmeyer v. NJ Realty Title Ins. Co.

In re Estate of Stockdale

Finderne Mgmt. Co. v. Barrett

SORT BY:

FILTER BY:

PRACTICE AREAS

NEARBY CITY SUGGESTIONS

Lawyer.com Legal Protection Plan

Premium Membership

Additional Services

Resources

My Account Details