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Certified Elder Law Attorneys Serving New Jersey Residents Since 1978.

September 2017 Archives

Families in New Jersey have options when it comes to guardianship

Sometimes, when a person in New Jersey can no longer handle their own affairs due to mental or physical incapacitation, it is necessary to have someone else manage their affairs for them. Guardianships may be an option, but they should be seen as a last resort, since once a guardianship is established, the incapacitated person loses their basic right to make decisions for themselves. Therefore, it is important for families in New Jersey to understand their options when it comes to guardianship.

Elder law: understanding your duties as successor trustee

When a person in New Jersey creates a trust, they often name a loved one as successor trustee. However, these successor trustees do not always know what to do in their role to formally become the trustee. They may simply ask their loved ones to sign checks so they can pay the bills, or they may take their loved one to the bank and ask to be placed as a signatory on the account. Doing these things informally, however, can lead to problems down the road.

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