What is a Revocable Living Trust?
A Revocable Living Trust is a common estate planning document that is typically used as a substitute for having a Will. It provides a way to manage your assets while you are alive and after you pass away. The primary reason that many people choose to create a Revocable Living Trust is to avoid probate. […]
Calculating Trustee Commissions in NJ
From time to time, people ask me how executor’s commissions and trustee’s commissions should be calculated. I have already written a post on calculating executor and administrator commissions, so this post will focus on Trustee commissions. New Jersey statutes on trustee commissions are very difficult to interpret because they use the term fiduciary to apply […]