2009 Changes in Probate

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2009 update Wills and Estate Planning January 28, 2009 SPEAKER: Kenneth Vercam...
2009 update Wills and Estate Planning January 28, 2009 SPEAKER: Kenneth Vercammen, Esq. (Author- Answers to Questions About Probate) The new NJ Probate Law and court decisions made a number of substantial changes in Probate and the administration of estates and trusts in New Jersey. Main Topics: 1. The New Probate Law and preparation of Wills 2. 2009 increases in Federal Estate and Gift Tax exemption 3. NJ Inheritance tax 4. Power of Attorney 5. Living Will 6. Administering the Estate/ Probate/Surrogate 7. Question and Answer 1. Preparation of Wills When there is a confidential relationship coupled with suspicious circumstances, undue influence is presumed and the burden of proof shifts to the Will proponent to overcome the presumption. If there is undue influence in making of Will and transfer of Deed by persons in Confidential relationship, this could subject those persons to punitive damages in some instances, plus voiding of the Will. In the Matter of the Estate of Madeleine Stockdale, Deceased (A-121-06) Decided July 22, 2008 Contact a Probate Attorney for an in office consultation KENNETH VERCAMMEN & ASSOCIATES, PC ATTORNEY AT LAW 2053 Woodbridge Ave. Edison, NJ 08817 (Phone) 732-572-0500 (Fax) 732-572-0030 More information at www.CentralJerseyElderLaw**** Wills, Trusts, & Estate Planning Forms available online at *******www.jdsupra****/profile/KennethVercammen_docs/