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February 2019 Archives

Getting a judge to appoint a new executor requires convincing

On behalf of Vizzoni Law Firm, L.L.C. posted in Estate Administration on Thursday, February 28, 2019.

One of the key responsibilities of the person drafting a will, or testator, is to select the executor of their estate. The individual appointed to this role is responsible for preserving the value of its assets, filing its final tax return, paying creditors and distributing what's left in the estate to any heirs. It's a sign of trusts for a testator to appoint you to this role. Being given it doesn't mean that the heirs will agree that you're worthy of it, though.

Protecting children via trust when getting remarried

On behalf of Vizzoni Law Firm, L.L.C. posted in Asset Protection Planning on Friday, February 15, 2019.

It's not out of the ordinary to get married two times in life. It's also not out of the ordinary to have children from your first marriage move in with you and your new spouse in Middlesex, New Jersey. What many parents need to realize is that they have to protect their children in their second marriage. This is done by updating the estate plan and creating a trust.

Are you responsible for a deceased loved one's debts?

On behalf of Vizzoni Law Firm, L.L.C. posted in Estate Administration on Friday, February 1, 2019.

People who pass away have often battled a long illness like cancer. Many have simply had years of poor health. Sometimes they die after a serious accident. In all of these cases, they may leave many thousands of dollars in medical bills. What happens to all of those unpaid bills?

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