What Is a Trust and How Does It Work? A trust is a fiduciary arrangement that permits a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. Trusts are frequently established to provide legal protection for the trustor’s assets, to ensure those assets are distributed according to the trustor’s wishes, […]
How Can Trusts Be Structured to Support Minor Children? Read More »
At Bratton Law Group, we strive to keep our clients informed about important legal developments that may impact their businesses and financial plans. We want to remind you of an important legal requirement for those that have entities such as an LLC or S-Corp. We want to bring an important new legal requirement to your
Important Update: New Beneficial Ownership Reporting Requirements for Businesses Read More »
Detailed Documentation Estate planning is essential for those who care about preparing for the future. Knowing that your belongings will be tended to and distributed with your best interests in mind can be a source of relief. However, wills and estate plans can sometimes be easily misinterpreted, leading to disagreements with family and friends about
How Can Estate Litigation Be Prevented Through Proper Planning? Read More »
Why Is Early Medicaid Planning Essential? Early Medicaid planning sets the foundation for a sturdy financial future. This forward-thinking strategy enables you to plan for possible future long-term care expenses which can be quite substantial. In New Jersey, nursing home care can cost more than $120,000 annually on average. Without proper planning, these expenses can
What Are the Financial Benefits of Early Medicaid Planning? Read More »
How Can Living Trusts Streamline the Distribution of an Estate’s Assets? Living trusts are a powerful tool for estate planning that can substantially simplify the process of asset transfer upon death. By helping the estate avoid probate, maintaining privacy, providing flexibility, and offering potential tax benefits, they can significantly ease the burden on surviving family
How Do Living Trusts Facilitate Easier Asset Transfer Upon Death? Read More »
Using Trusts to Reduce Estate Taxes One of the most effective strategies to reduce estate taxes on large estates is through the use of trusts. Trusts are legal entities that hold assets for the benefit of specific individuals, often with specific conditions attached. There are several types of trusts, each with its own benefits and
What Strategies Can Help Reduce Estate Taxes for Large Estates? Read More »
Does Your Child Struggle With a Disability or With Special Needs? If you have a child with a disability or special needs, a special needs trust can provide that child with financial security after your death or if you should become incapacitated. A New Jersey trust attorney can prepare a special needs trust for your
How Can Parents of Children with Special Needs Use Trusts to Provide Long-Term Care? Read More »
5 Questions to Ask About Potential Estate Executors One of the decisions that is commonly made during the estate planning process is naming an executor for your estate. This is the person who acts as the personal representative of the estate, handling administrative probate and estate matters when someone passes away. Some people may make
What Are the Key Considerations When Choosing an Executor for Your Estate? Read More »
Research shows that roughly one in seven adults aged 65 or older will need long-term care at some point in their later years. Meanwhile, tens of millions of Baby Boomers in the United States are growing older and living longer. It seems inevitable, then, that the future of long-term care will be undergoing significant changes.
What You Should Know About Long-Term Care Read More »
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