With Steve Jobs' success as an entrepreneur, many would no doubt have been interested to know what his estate might look like. But it seems that he wished to avoid the publicity.Our readers might be interested to learn that the recently deceased Steve Jobs and his...
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Ridgewood Estate Planning Blog
Life insurance for paying of estate taxes, P.2
On Behalf of The Manna Helmy Law Group | Oct 12, 2011 | Estate Planning, Inheritance And Estate Tax
In our last post, we began speaking about the importance of ensuring your estate has enough funds to pay of taxes and other expenses related to winding down the estate. We noted that the first step in the process should be to determine your tax liability and other...
Life insurance for paying of estate taxes, P.1
On Behalf of The Manna Helmy Law Group | Oct 10, 2011 | Estate Planning, Inheritance And Estate Tax
The first thing you'll need to do is find out how much property is included in your taxable estate. Your taxable estate includes any property listed in your own name, including retirement accounts, bank accounts, homes, vehicles, personal property, business interests...
Remarriage can complicate an estate
On Behalf of The Manna Helmy Law Group | Oct 3, 2011 | Probate, Wills
A recent article in the Star Ledger took a look at the way marriage and remarriage can quickly complicate an estate. The specific problem the article examined was how stocks and bonds purchased by a woman's first husband are to be distributed after her death and the...
Disabled children benefit from special needs trusts, P.2
On Behalf of The Manna Helmy Law Group | Sep 29, 2011 | Trusts
In our previous post, we began looking at the role special needs trusts can play in seeing to the financial well-being of disabled children once the parents are gone.As we noted, such trusts can be useful for leaving funds, providing housing, and seeing to long-term...
Disabled children benefit from special needs trusts, P.1
On Behalf of The Manna Helmy Law Group | Sep 27, 2011 | Trusts
A recent Wall Street Journal article drew attention to the usefulness of special needs trusts for parents with disabled children. Because disabled children often have diminished earning power or cannot manage their own affair, they present unique challenges for...
Clarifying religious beliefs can assist with estate planning
On Behalf of The Manna Helmy Law Group | Sep 21, 2011 | Estate Planning
A recent article out of the Wall Street Journal addressed the interesting topic of the place of religion in estate planning. One of the messages of the article was that you can't do adequate estate planning without at least asking the question of how/whether religious...
What can you do to avoid a will contest between children? P.3
On Behalf of The Manna Helmy Law Group | Sep 19, 2011 | Wills
In our previous post, we began looking at an article discussing possibilities for a parent looking to leave unequal inheritances to their children. As we noted, this can be a potentially problematic situation when one or more children feel they haven't received what...
What can you do to avoid a will contest between children? P.2
On Behalf of The Manna Helmy Law Group | Sep 14, 2011 | Estate Planning, Trusts, Wills
In our previous post, we looked at the difficulty some people face when determining which child gets what part of the estate. The fact is that it is often difficult and/or undesirable to give each child an equal inheritance. In cases where the inheritance setup is...
What can you do to avoid a will contest between children? P.1
On Behalf of The Manna Helmy Law Group | Sep 12, 2011 | Estate Planning, Trusts, Wills
One of the difficult estate planning issues that can and does come up for couples with children is whether an equal share of their estate should be left to each child.Different children have different needs, interests, and capabilities. Some children have already been...