A trust is a legal arrangement through which one person (or an institution, such as a bank or law firm), called a “trustee,” holds legal title to property for another person, called a “beneficiary.” If you have been appointed the trustee of a trust, this is a strong vote of confidence in your judgment and […]
A Brief Overview of a Trustee’s Duties Read More »
Lawyers.com recently posted an article entitled No Escape from Student Loans through Bankruptcy, describing the challenges many face when considering filing for bankruptcy as a financial fresh start. With college debt on the rise and jobs scarce, many consider bankruptcy but rarely find it effective for student loan debt. For a legal consultation, call 856 770 2744
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If you think that a care conference for an elderly loved one is a meeting you can easily skip, Claire Merendino, RN suggest that you think again. As one of our elder care coordinators here at Bratton Law Group, Claire often runs into family members who don’t understand the purpose of these meetings. Though the
How to Make the Most of Care Conferences Read More »
One of the many factors to consider when setting up a trust is whether to make it a grantor trust or a non-grantor trust. While a grantor trust is more common, a non-grantor trust can be useful in certain circumstances. A grantor trust is any trust in which the person setting up the trust (the
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If a loved one is experiencing memory loss or suddenly making poor decisions, you may want the court to appoint a guardian, which requires a declaration of incapacity. Determining whether someone is incapable to make their own decisions is a complicated process. If a loved one is unable to make decisions for him or herself,
When Can Someone Be Declared Legally Incompetent? Read More »
The amount you can gift to any one person without filing a gift tax form is increasing to $16,000 in 2022, the first increase since 2018. The federal estate tax exclusion is also climbing to more than $12 million per individual. The IRS’s announcement that the annual gift exclusion will rise for calendar year 2022
Annual Gift Tax and Estate Tax Exclusions Are Increasing in 2022 Read More »
We often get the question, “How does a trust protect my assets?” We must emphasize from the onset that if you have access to your trust assets, your creditors will have access to those assets as well. There are trusts that protect your assets, but the most common trust, the Revocable Living Trust, does not protect your
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It is with great honor to announce that Bratton Law Group attorneys Chris Bratton and Brittany Tedesco have been named Awesome Attorneys 2021 by South Jersey Magazine. Both were recognized in last month’s issue, Mr. Bratton for the field of Trusts & Estates Law and Ms. Tedesco for Estate Planning/Asset Protection Law. According to the magazine, those elected
Attorneys Chris Bratton and Brittany Tedesco Receive “Awesome Attorney 2021” Awards Read More »
Elder law and estate planning serve two different–but equally vital–functions. The main difference is that elder law is focused on preserving your assets during your lifetime, while estate planning concentrates on what happens to your assets after you die. Elder law planning is concerned with ensuring that seniors live long, healthy, and financially secure lives.
The Difference Between Elder Law and Estate Planning Read More »
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