Reasons to Create a Will

Posted Posted in Estate Planning

There are many reasons to create a Will.  Overall, it makes it must easier and cheaper to handle your affairs after you pass away. Here are some specific reasons for a Will: General Benefits of Having a Will It ensures a clear WRITTEN clear plan for the distribution of assets after your death. Provides proof of […]

What is the first thing an executor of a Will should do?

Posted Posted in Estate Administration, Estate Planning, YouTube

I am happy to announce that we have finally finished creating a series of short videos regarding the estate planning and estate administration process.  Here is our second video in which Elizabeth Ketterson, Esq., the Director of our estate administration department, is being interviewed by Kevin A. Pollock, Esq., LL.M. regarding the first things a […]

Repeal of the NJ Estate Tax – Should married couples update their wills?

Posted Posted in Basis, Diclaimer, Estate Tax, New Jersey, Revocable Grantor Trust, Revocable Intervivos Trust, Will

Effective January 1, 2018, New Jersey repealed its estate tax.  The question then become how does this affect you and do you need to do anything about it?  For most people the change is a positive one because it means their heirs pay less taxes and they do not need to do anything to update […]

Will the New Jersey Estate Tax Repeal Become Permanent?

Posted 2 CommentsPosted in Estate Administration, Estate Planning, Estate Tax, New Jersey, Politics

New Jersey Estate Tax As most of my estate planning clients are aware, I have been very cautious regarding whether or not New Jersey will keep a $2,000,000 estate tax exemption beyond 2017 or allow for a full repeal. However, it is worth noting that the front-runner for Governor, Phil Murphy, released part of his […]

Do I Need An Attorney To Prepare A Simple Will?

Posted Posted in Attorney, Business Succession Planning, Estate Planning, Tax Planning, Will

I occasionally get asked if it is really necessary to hire an attorney to prepare simple estate planning documents.  Usually, the answer is NO, however, I find that once I start asking a few questions, most people really don’t need a simple Will and they would be much better served with professional guidance. Let me […]

Last Will and Testament

Not everyone needs a fancy or expensive Last Will and Testament; it really depends upon your wealth and the complexity of your situation. However, at the The Pollock Firm LLC, we believe everyone should have at least a basic Will. Here are some of the most important reasons why: A Will Allows You to Decide WHERE […]