At Parsons & Nardelli, Attorneys at Law, we are the first choice of clients and other attorneys for representation involving an estate dispute.
With a primary focus on and extensive experience in probate litigation, the Red Bank law firm of Parsons & Nardelli is uniquely qualified to represent your interests in a contested will. Our practice areas include, but are not limited to estate administration, inheritance disputes, will disputes, and probate litigation.
An estate plan makes sure your assets go to those you intend to receive them after you die. A good plan can also reduce family strife and provide clear end-of-life directives should an individual become incapacitated.
The goal of estate planning is to make sure your wealth and other assets go to those you intend. Learn more about how to plan your estate and why you absolutely need it, regardless of how much wealth you have.
Parents should walk into all child custody proceedings as prepared as possible.
Parents who want to win child custody must be completely prepared. Here's a rundown of what to expect during these proceedings.
By taking the time to think ahead when it comes to leaving an inheritance, you can avoid adding a headache to your loved one's heartache after you pass.
Passing on your home might not be the best idea
Supervised visitation occurs when a parent is permitted to spend time with a child only when someone can supervise their interactions. An experienced family law attorney can provide assistance to parents involved in a custody case in which supervised visits are imposed.
There are many different custody arrangements possible when a child is not cared for in a traditional two-parent family home. Supervised visitation is one of those options for a child and their parents. This guide explains what supervised visitation is, when it may be appropriate and what the com
An estate plan is a collection of legally binding documents that ensures you are in control of what happens to you, your assets and any dependents you may have if you become disabled or when you die. The plan can include a will, power of attorney forms, trusts and more.
A will, power of attorney and trusts are among the most crucial documents for young adults to draft to ensure they have a say after they die or are critically disabled.
Estate planning can take on a new dimension when you own a business. Not only do you need a strategy for managing personal assets but you also need to consider what will happen to your business in the long-term.
Estate planning can take on a new dimension when you own a business. Not only do you need a strategy for managing personal assets but you also need to consider what will happen to your business in the long-term. Estate … Continue reading ->The post Estate Planning for Business Owners appeared firs...
A prenuptial agreement sets in place a legally binding contract for how assets will be divided in the case of a divorce or of one spouse's death.
Among the many questions raised following the announcement of foundation co-founders Bill and Melinda Gates' divorce, one could determine the fate of the couple's assets totaling nearly $150 billion: Did they have a prenup. A prenuptial agreement sets in place a legally binding contract for how asse...
One of the most common errors in estate planning is simply failing to have one. An attorney can work with you to make a plan that protects your legacy and loved ones.
Making an estate plan is an important part of protecting your legacy and your loved ones.
It’s never too early to start thinking about your estate plan: The strategic decisions and investments you make now can increase the capital you’ll have available to finance your retirement years and late-in-life healthcare needs. An attorney can help you decide which estate planning tools make the most sense for your situation.
Behind every divorce is a unique and painful story. Whereas no two divorces are quite the same, when kids are involved, there is a common certainty: You will, at some point, have to tell them about it.
Experts share how parents can gently break the news to their kids.
A grantor trust is a type of living trust in which the person creating the trust (the grantor) remains the owner of the assets and property in the trust for both income and estate tax purposes.
This revocable trust has all its income and deductions reported on the owner’s tax return. Learn more about how it works.
Probate is a legal process that occurs after a death. In most cases, probate is a key part of settling the estate of a deceased person. If you want your loved ones to avoid this process, an estate planning lawyer can help you identify ways to facilitate the transfer of most or all of your property outside of probate.
When someone passes away, their estate may need to be probated. But what is probate? This guide explains what probate is, how the probate process works and offers some insight into how assets can be transferred outside of the probate process.
Putting your property in a trust can be a smart way to ensure smooth transfer of ownership to your beneficiaries after your death, but it can be complicated. It's a good idea to consult closely with an attorney on your options
Assets placed in a trust, including a home, are protected in ways that they aren’t when owned individually.
However, there are two different kinds of joint custody: joint legal custody and joint physical custody. Parents may also request a combination of both joint physical and joint legal custody. Parents should consider each option carefully as they prepare for child custody proceedings.
Many parents strive to win joint custody of their children. Learn more about the different types and what's needed to win.
Those thinking of how to preserve their family’s financial legacy can beat the so-called “third generation” curse through financial education, money management and hiring the right professionals to help.
As baby boomers prepare to transfer wealth to their children, those younger generations may be thinking of how to preserve their family's financial legacy. The "third generation curse" indicates that...
Should the unexpected happen, having a will in place can be a simple way to avoid leaving important decisions about your assets and guardianship wishes to your state’s laws and courts.
Having a will in place, even if you're young, can be a simple way to avoid leaving important decisions about your assets and guardianship wishes to the courts.
Custody agreements are designed to remain in place for the long-term to provide stability for children. But there are some reasons a judge will change custody arrangements. It’s best to talk with a family lawyer about whether your situation necessitates a modification.
When you divorce or separate and have children, a custody order is e put in place. This specifies how physical custody is shared (which refers to where a child spends time). It also dictates who has legal custody (the right to make decisions for a child). Custody agreements are designed to remain
A living trust and will are not mutually exclusive. Many people choose both as pillars of their estate planning. An estate planning attorney can give advice specific to your situation.
There's more than one way to pass on your legacy.
There are a few ways you can set up your bank account to make things as simple as possible after your passing.
After death, your bank account may not go directly to your heirs. Learn how to set things up so that it does.
A prenup outlines how a couple's assets will be split up if they get divorced. The decision to get a prenup is one that each couple will have to make together. If you have any questions, it can be wise to speak with a family law attorney about your specific situation.
While a prenup can offer you protection in a divorce, it requires you and your spouse to have a few uncomfortable conversations.
When you enroll in a new 401(k) plan, or move one from a previous employer, you'll be asked to name beneficiaries. These are the people (or entities like a trust or a charity) that would inherit the 401(k) if you pass away.
You can designate a wide range of heirs to inherit your 401(k). In this guide, we’ll explain the rules you need to know.
Creating and maintaining a trust can be an important step in estate planning, giving your beneficiaries a clear outline of your needs.
You may have heard of a trust fund, but aren’t sure exactly what it is. Here’s what you should know about trust funds and how to set one up.
Many people don’t realize the extent of their electronic and digital lives and the potential problems they’re leaving for others to deal with.
Many people don't realize the extent of their electronic and digital lives and the potential problems they're leaving for others to deal with.
Courts may grant requests to modify child support in some circumstances, such as when a parent's income has changed, or the child's needs have changed. A family law attorney can assist you in requesting modification.
Get helpful information and advice about reasons to modify your existing child support agreement, plus how to go about requesting a modification.
The unexpected could happen at any time, so it’s always a good time to review your own estate planning needs.
Knowing that your assets are going where you intend them can bring you peace of mind.
Debts typically become the responsibility of your estate after you die. Your estate is everything you own at the time of your death. The process of paying your bills and distributing what’s left is called probate.
Your estate is typically responsible for your debts after you die. But your mortgage, car loan and credit card bill could become someone else’s burden.
Figuring out who gets what and when after you die can be expensive if you die without a will—and your loved ones will bear the cost.
This legal document spells out who gets what and when—and can be the greatest gift you give to those you love.
A trust—created by an individual called the grantor—spells out how assets can be used during a grantor’s lifetime and how those assets should pass to the grantor’s beneficiaries when they die. And many types of trusts offer an added estate planning perk: They avoid probate.
Estate planning attorneys love trusts. Here’s why you might, too.
Joint legal custody means that both parents have the legal authority to make major decisions for the child. These include decisions regarding education, religion, and health care. Parents should be aware, too, that legal custody is separate from physical custody.
Courts routinely award joint legal custody. Knowing exactly what this means (and doesn't) can help you understand the boundaries for the road ahead.
Estate planning is putting your affairs in order so that your loved ones are taken care of if you die or are incapacitated. The biggest and, sadly, the most common, estate planning mistake is not doing it at all. https://bit.ly/2I545ir
Estate planning goes beyond drafting a will. Use this pre-death checklist to account for your assets and ensure they are dispersed as you wish,
Talking about and planning for our death can be challenging, and it is a topic many of us prefer to avoid. But a will can be important for you, and for family and friends who may be charged with handling your estate. It’s a critical part of being financially prepared.
Writing a will is an important part of estate planning. Make sure you avoid these common mistakes.
If you’re receiving or paying child support via a court order, it’s important to understand how those payments are calculated.
Child support is designed to meet the financial needs of children following a divorce or separation. Learn how child support is calculated and paid.
A well-designed trust can help save time, paperwork and other headaches when settling an estate.
A trust is a legal arrangement intended to ensure a person’s assets go to specific beneficiaries. Trusts can hold bank accounts, houses, cars or other assets.
Joint custody may refer to joint physical custody, joint legal custody, or both. Joint physical custody is when the child spends substantial time living with both parents. Joint legal custody is when both parents have the legal right to make important decisions on behalf of the child.
If two people share a child but do not want to raise that child together in a nuclear family, then decisions usually must be made about child custody. This can happen in a divorce or in a stand alone custody case. There are many different custody arrangements, but joint custody is one of the most
For many people who feel closer to friends than family, estate planning can require special considerations.
For many people who feel closer to friends than family, estate planning can require special considerations.
In 2023, the federal estate tax ranges from rates of 18% to 40% and generally only applies to assets over $12.92 million. But even if you qualify for the federal estate tax exemption, you may still remain responsible for a state-level tax.
Here's how the estate tax rules work, what the estate tax rates are and whether you may have to pay the state, too — plus tips for minimizing the tax bite.
Failure to prepare for post-death wealth transfer could leave your heirs with a heap of problems, from higher-than-expected tax bills to specific heirs not receiving what you intended to leave them.
According to reporting by the Wall Street Journal, approximately $70 trillion in wealth will be transferred from baby boomers and older generations to their heirs by 2042. That's a massive shift that...
A prenup is a pre-marriage agreement that proposes special rules for distributing wealth should a couple divorce. When you don't get a prenup, state law determines who gets what after a divorce.
A whopping 15% of couples get prenups, up from 3% in 2010. Find out why a prenup matters more than ever to divorcees.
For the sake of your loved ones, take time to create a plan that ensures your retirement savings goes where you want it to in the event of your death.
Estate planning determines who will inherit your IRA, 401(k), or other retirement accounts.
Your digital life includes dozens of usernames and passwords. Providing a digital estate plan can help your family deal with your accounts with minimal fuss.
Your digital life includes dozens of usernames and passwords. Providing a digital estate plan can help your family deal with your accounts with minimal fuss.
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