Estate planning, as we constantly remind our readers, is a very personal endeavor. Any tools or techniques available in the planning process should be carefully matched to the needs and desires of each person and their family. One way this is evident is the various...
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Month: April 2012
Basic issues to address in your estate plan
On Behalf of The Manna Helmy Law Group | Apr 26, 2012 | Estate Planning, Trusts, Wills
Estate planning is a very important task for a number of reasons, and while it may be tempting to forgo such planning, one will be better off for doing the planning. As a recent article on the Huffington Post stresses, the important thing is to get the ball rolling on...
Tangible personal property can be source of much family contention
On Behalf of The Manna Helmy Law Group | Apr 24, 2012 | Estate Planning
As our New Jersey Readers are aware, the death of a loved one can often be the source of much turmoil and confusion in families. That is especially the case where significant assets are left behind for a family to sort out. Still, even small items can be the source of...
Why you should consider updating your estate plan
On Behalf of The Manna Helmy Law Group | Apr 19, 2012 | Estate Planning
One of the things we have pointed out before on this blog is that estate planning, rather than being a one-time thing, is actually an ongoing process. One does not set up an estate plan and then go on without ever thinking of it again. The goal is to set up something...
Financial planning, especially for retirement, should go with estate planning
On Behalf of The Manna Helmy Law Group | Apr 17, 2012 | Estate Planning
Financial planning is something everybody should think about in conjunction with estate planning. While the two are separate disciplines, the way one handles one can affect how one handles the other. As recent articles in both the Star Ledger and Forbes point out,...
Should couples do estate planning together or separately? P.2
On Behalf of The Manna Helmy Law Group | Apr 12, 2012 | Estate Planning
In our last post, we began to look at the issue of joint representation in estate planning and a number of situations in which couples may want to think about securing their own attorney for estate planning purposes. As we noted, joint representation can be beneficial...
Should couples do estate planning together or separately? P.1
On Behalf of The Manna Helmy Law Group | Apr 11, 2012 | Estate Planning
When it comes to financial matters, married couples share a lot with each other. In estate planning, too, couples sometimes structure things on a common plan and work together to secure their own future and that of their family. But couples certainly aren't obliged to...
Ray Charles estate encounters more legal problems
On Behalf of The Manna Helmy Law Group | Apr 4, 2012 | Estate Planning, Trusts
Two years before his death in 2004, singer Ray Charles created a $500,000 trust for each of his 12 children. In exchange, they were to relinquish and waive any further claims to his estate. That, at least, is what The Ray Charles Foundation claims in a lawsuit it...
Qualified domestic trusts help international couples keep money in the family
On Behalf of The Manna Helmy Law Group | Apr 3, 2012 | Estate Planning, Inheritance And Estate Tax
The unlimited marital deduction allows married persons to pass on as much of their wealth as they see fit, free of estate taxes. Taxes will eventually have to be paid on the property once the surviving spouse dies. There are, of course, a number of estate planning...
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