Your property passes to your intestate heirs. For most people, this is NOT the State. In New Jersey, it’s generally your closest living relatives. This might not be who you want to receive your assets (Do you have a blended family? Estranged child? Prefer to benefit someone else? Want to benefit a charity?);
Your next of kin will have to agree on who will administer your Estate. The administrator must be bonded. A bond, in this context, is like an insurance policy that the individual will properly administer the Estate. Bond premiums are based on several factors, including the size of the Estate and the administrator’s credit. Bonds must be renewed while the Estate is open. The bond requirement can be waived in a Will. This alone usually saves your family more money than the cost of a Will;
You won’t have nominated guardians for your minor children. The court decides;
Minors receive their inheritances outright at eighteen (18).
Your loved ones must seek court authority to manage your affairs during your lifetime if something happens to you. This process, even when uncontested, typically costs around $5,000 between attorneys fees and court costs. It can take several months to finalize. Court permission/approval is required for many things thereafter;
You don’t get to choose who manages your affairs during your lifetime.
Break out that snow shovel or snow blower and the snow brush and scraper! That beautiful coat of white snow atop your driveway, sidewalk and car could cost you greatly if you don’t remove it. Property As a property owner, you have legal obligations to keep your property clean, safe and free of ice. Not […]
NBC New York reports that at approximately 3:45 a.m. on Sunday, March 09, 2014, a Linden, NJ man was killed and two other people suffered injuries in a three-vehicle car accident on the Garden State Parkway in Clark, New Jersey. The Star-Ledger reported that the man, Hector Gomez (22), was found in the roadway when […]
It is well known that New Jersey has banned the general use of cell phones while driving (N.J.S.A. 39:4-97.3). This includes texting, talking and even web surfing on your mobile phone. While the law allows the use of a cell phone under limited circumstances, the law is clear that cell phone use is no longer […]
In the wake of one of the most—probably the most—devastating and horrendous shooting massacres in recent history, which occurred at the hand of Adam Lanza in Newton, Connecticut, anti- and pro-firearms activists around the country have called for a re-examination of the current laws in effect controlling the rights of Americans to own and bear […]
A bill was approved by the Senate panel on Monday, January 28, 2013, that would make the mandatory installation of ignition-interlock devices the main penalty in most drunk-driving matters rather than license suspension. The bill was advanced by a 12-0 vote, with one abstention. Under the bill, first-time DUI offenders could continue driving their vehicles […]
The New Jersey Department of Transportation (NJDOT) has compiled accident data which shows that red light camera ticketing systems lead to more accidents, more injuries, and greater cost. Although the ultimate goal of red light cameras was to reduce injuries from right-angle crashes which are considered the most dangerous type of collisions which could result […]
Back in January 2010, New Jersey passed the New Jersey Compassionate Use Medical Marijuana Act, legislation which allows medical marijuana in the State. New Jersey’s first medical marijuana dispensary, the Greenleaf Alternative Treatment Center in Montclair Township, just received its certificate of occupancy and can now open up its doors. About 300 patients have either […]
New Jersey Governor Chris Christie recently stated that he won’t be signing a proposed law that would require drivers to secure their dogs and cats with a harness much like a seat belt while driving. Governor Christie believes that lawmakers are wasting their time considering the proposal while what the State of New Jersey really […]
Are you one of the estimated 120 million people that do not have an up-to-date estate plan? October 15th through October 21st is National Estate Planning Awareness Week and an excellent reminder to make sure your affairs are in order, in the event of illness or an unexpected accident. All too often, people neglect proper […]