Over the past five years, a Texas probate judge has approved close to $450,000 in legal fees for a court-appointed guardian and attorney in a case involving the well-being of a 52-year-old disabled man. That money has and will continue to come out of assets left...
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Month: September 2010
Passing On Property Interest, Insurance Payouts
On Behalf of The Manna Helmy Law Group | Sep 21, 2010 | Estate Planning
Under the New Jersey Probate Code, the primary beneficiary of a family member's insurance policy is allowed to disclaim that payout, deferring it to the secondary beneficiary. In fact, this can be done with many different forms of property interest, says Ronald...
The Potential Pitfall of a Revocable Trust
On Behalf of The Manna Helmy Law Group | Sep 20, 2010 | Estate Planning
A revocable trust is a trust that can be changed or canceled by the grantor. The income earned from the trust is distributed to the grantor, and after the grantor's death the property within the trust transfers to the beneficiaries. A revocable trust is a good tool...
Ensuring a Steady Stream of Income Through Retirement in New Jersey
On Behalf of The Manna Helmy Law Group | Sep 16, 2010 | Inheritance And Estate Tax
Many retirees need to know how to transition from the phase of saving for retirement to the phase that provides reliable income during retirement. Proper planning can ensure that your retirement will be full of joy and stress free. The answers to this complicated...
More on the Creation of Wills while Planning Your Estate
On Behalf of The Manna Helmy Law Group | Sep 10, 2010 | Estate Planning
Near the end of last week, we took a look at some common estate planning questions (courtesy of Tara Siegel Bernard at The New York Times) related to the creation of a will. The most important part of estate planning, whether you are creating a will or advance care...
Pinpoint Control Within a Larger Trust – Directed Trusts
On Behalf of The Manna Helmy Law Group | Sep 7, 2010 | Estate Planning
One of the options available to individuals planning their estate is something called a directed trust. This is a legal device that allows any person with a large amount of assets to put those assets into a larger trust, perhaps managed by a bank or trust company,...
NYT: What to Consider When Setting Up a Will
On Behalf of The Manna Helmy Law Group | Sep 2, 2010 | Estate Planning
Sometimes the hardest thing about setting up an estate plan isn't finding the answers to your questions - it's knowing what questions to ask in the first place. That was the focus of a recent New York Times article by Tara Siegel Bernard. In the piece, she discusses...
Estate Planning During a Storm
On Behalf of The Manna Helmy Law Group | Sep 1, 2010 | Estate Planning
At this point, it seems doubtful that the clouds will be breaking for our troubled American economy anytime soon. When there's a storm, sometimes the best thing to do is to hole up with a book and wait the rain out before making plans.If we keep the metaphor of...
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