Some of the family members of a man who allegedly made millions in the stock market have taken his designated heir and agent to court, asserting that this individual should not receive the inheritance supposedly left him. Why? They claim that forgery and fraud are the only reasons he was left anything in the first place. When such beliefs exist in estate cases in New Jersey or elsewhere, estate litigation may be unavoidable.
New Jersey residents may or may not be aware of the fight over the estate of Jeno and Lois Paulucci. He, a famed businessman, and his wife passed away in 2011, leaving a vast estate worth millions to his named heirs. Unfortunately, various claims made against the terms of the estate plan caused family fights that led to estate litigation that has just now come to a close.
Alzheimer's is a disease that is affecting more people in New Jersey each year. It can be slow or fast to progress. It can be devastating to the victim of the disease and even more so to his or her loved ones. Due to the nature of Alzheimer's, advanced planning is critical to ensure one's wants and wishes are known and carried out before and after death.
Drafting a will in New Jersey is responsible and provides an easier path through the probate process. When someone dies and the will triggers, heirs and beneficiaries may find themselves surprised by the outcome.
It is impossible to prepare for the future completely. No one knows what curveballs will be thrown their way. One of the only things people can be sure of is that they will not live forever. Estate planning allows New Jersey residents the opportunity to prepare for the inevitable and make sure that those they care about are taken care of. Here are four different structures that people tend to consider when putting their estate plans together.
After losing a loved one, the desire to get through estate administration as quickly as possible is understandable. However, there are times when holding things up and really digging into that individual's estate plan is necessary and for the best. While most wills and other estate planning documents are legally valid, there are those that are questionable. In New Jersey and elsewhere, estate litigation often arises over the desire to contest a will's validity.