If you’ve been appointed an executor of a loved one’s estate, or a successor trustee, and that person dies, your grief – not to mention your to-do list, including tasks ranging from planning the funeral, coordinating relatives coming in from out of town and (eventually) meeting with a trust administration or probate lawyer – can be quite overwhelming. First and …
Ask Cari: Can You Bequeath Your Frequent Flyer Miles?
If you’re a frequent airline traveler, one of your estate planning concerns may be what will happen to your accumulated miles once you’re gone. They could be worth thousands of dollars, so you probably don’t want them to just disappear, but some airline policies say that’s exactly what will happen. The law doesn’t consider airline miles assets that can be …
3 Tips for Overwhelmed Executors
While it is an honor to be named as an executor of a will or estate, it can also be a sobering and daunting responsibility. Being an executor (sometimes called a personal representative) requires a high level of organization, foresight, and attention to detail to meet responsibilities and ensure that all beneficiaries receive the assets to which they are entitled. …
Ask Cari: Does My Estate Plan Need to Include My Vacation Property?
Yes! If you own a vacation home, timeshare, investment property, or any other asset outside of the state where you are domiciled you must make sure it’s included in your estate plan. If you fail to include these in your estate plan, or fail to have an estate plan at all, your heirs will encounter issues, and usually the expense …
Using Wills and Revocable Living Trusts for your Farm’s Estate Plan
Last week’s blog post focused on succession planning– this post will focus on farm estate planning by using wills and trusts (both equally important and can be easily confused). Let’s first look at the advantages and disadvantages of a will. A big advantage of a will is that it can be changed or revoked until the testator loses capacity to make, change, …
Overview of Common Estate Planning Documents for Farms
Despite popular belief, the succession and estate planning process is more than just getting a Last Will and Testament – it’s taking a solid look at your estate planning goals and coming up with a plan that works for you and your family farm (no matter the size). I think it’s really important for family farms to “improve the default …
New York Estate Planning, Medicaid & Trusts
Happy New Year’s Eve! For those of you thinking about your New Year’s Resolutions for 2013, I recommending getting your estate planning in order. Kudos goes out to Daniel Timins, a law school classmate of mine, for putting together some excellent New York estate planning and medicaid presentations. This presentation gives a nice overview of New York Medicaid. The presentation …
Growing Mediation Practice
Part of the reason why Rincker Law, PLLC moved last week is due to my expanding mediation practice. Not only have I completed the 40-Hour Basic Training and Divorce Mediation Training with the New York Peace Institute but I am a R. 1:40 qualified mediator for the Civil, General Equity and Probate Cases and Civil Presumptive Mediation Program Roster in New …
What Happens in Mediation Stays in Mediation
Because of my work on the Rule 1:40-12 Roster of Civil, General Equity and Probate Action Mediators in New Jersey (and recent mediation training in New York), I was reviewing the New Jersey Uniform Mediation Act this week. I wanted to stress something to my readers that may or may not be clear: (almost) everything that happens during mediation is …
My Top 10 Law Blawgs in the Top 100 List (Drumroll please….)
To piggy back on this post announcing that this blog made the ABA Journal Top 100 Blawg List, I thought it would be appropriate to list a few of my favorites. Here are my top 10 (in no particular order): 1. Equine Law Blog – Alison Rowe, a fellow agriculture attorney, is an exceptional writer and brilliant equine lawyer in …
New Jersey Civil Roster of Mediators
I was recently approved as a R. 1:40 qualified mediator for the New Jersey Superior Court’s Civil, General Equity and Probate Cases and Civil Presumptive Mediation Program. You can find my profile on the Roster here. I believe that mediation is a great alternative to litigation providing an effective means to reach an amicable solution. I am also available for …
What Should Be Kept Within a Fire Proof or Safe Deposit Box?
Your safe deposit box should have original papers while photocopies should be kept at home. For example, original birth certificates, marriage certificates, death certificates, divorce decrees, deeds, titles to automobiles, citizenship papers, adoption papers, veteran’s papers, and contracts (e.g., partnership agreements) should be kept in a fire proof box while photocopies should be kept at home. Furthermore, I recommend keeping copies …
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