Estate Insolvency berciklaw.com

Estate Insolvency: What to do when the estate can’t pay the bills.

Insolvency: What an executor can do when the estate can’t pay all the bills.  Estate insolvency occurs when a person dies leaving behind more debt than there are funds to pay off the debts.  Any assets in the estate including real estate may be sold off to repay debts. The estate’s  executor, beneficiaries or heirs generally … Read more

omitted spouse

N.J. Omitted Spouse Law – I’m not inheriting my husband’s estate because his will was made before our marriage.

New Jersey Omitted Spouse Statute. If your husband’s or wife’s will was made before your marriage the Omitted Spouse statute may be the solution to claiming your inheritance. The law provides relief to an omitted spouse of a deceased testator in New Jersey. In situations in which a spouse fails to provide for his or … Read more

inherited property

INHERITED PROPERTY: EJECTMENT OF FAMILY

Inherited Property  Sometimes an Executor is faced with ejecting family from inherited property. When an executor or estate administrator must remove occupants in inherited property, legal guidance for an ejectment action may be required. If your siblings or other occupants, oftentimes family members, refuse to leave the home, such as after your parent passed away, there … Read more

last will and testament-berciklaw.com

EXECUTOR DUTIES – WHAT ARE THE DUTIES OF AN EXECUTOR?

Executor Duties #1 –  Collect Assets and Information. The executor is in charge of locating, reading and understanding the will and filing and/or probating it in the Surrogate’s office in the county where the deceased last resided. Next, he/she must find and inventory all the assets of the estate including; veteran’s benefits social security benefits … Read more

HEALTH CARE PROXY – WHAT LEGAL DOCUMENTS DO 18-YEAR-OLD STUDENTS NEED?

HEALTH CARE PROXY – PARENTS OF COLLEGE STUDENTS: DO NOT AUTOMATICALLY HAVE AUTHORITY OVER ADULT CHILDREN. Preparing for college means more than just packing clothes. Consider having them sign two legal documents essential for young college bound students; a HIPAA Release and a Health Care Proxy. The HIPAA release, or Health Insurance Portability and Accountability … Read more

Call Now!