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Estate & Probate Law

What is a will and why is it recommended?

Posted on July 1, 2015 by MWM Admin

A will is a legal document allowing a person to direct distribution of their assets upon their death. This is important, because if you don’t have a will, the state will impose a distribution mechanism that might be inconsistent with what you would have wanted.

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Posted in Estate & Probate Law, New Jersey, Uncategorized, Video Library

What is a Trustee?

Posted on July 1, 2015 by MWM Admin

A trustee is a person who has been named in the trust, to act in accordance with the terms of the trust. A trustee has a responsibility under the law to exercise due care in executing the terms of the trust.  

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Posted in Estate & Probate Law, New Jersey, Uncategorized, Video Library

What do I need to do to make changes to my will?

Posted on July 1, 2015 by MWM Admin

To make a simple change to your will, you can execute what is called a codicil or revision to the will. If the change is more complex, you will need to have a new will drawn.

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Posted in Estate & Probate Law, New Jersey, Uncategorized, Video Library

Where should you keep a will in Delaware?

Posted on July 1, 2015 by MWM Admin

In Delaware, a will should be stored in a safe place, and potentially, a copy with the executor. The Register of Wills can provide a safe place to store is prior to probate – for a small fee.

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Posted in Delaware, Estate & Probate Law, Uncategorized, Video Library

What is the process when preparing a will?

Posted on July 1, 2015 by MWM Admin

To prepare a will, you need to prepare a list of all your assets, such as checking accounts, savings accounts, stocks, bonds, 401(k)s, insurance policies, and any real estate assets that you hold. Also, prepare a document outlining, basically, how you want all your assets dispersed upon your death.

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Posted in Delaware, Estate & Probate Law, Uncategorized, Video Library

What is the process of probating a will in Delaware?

Posted on July 1, 2015 by MWM Admin

To probate a will in Delaware, the will must be delivered to the Register of Wills office in the county where the deceased resided. Letters of Administration will be issued at that point, and a small fee collected. Also, and affidavit will be sworn by you, testifying that you are capable of carrying out the […]

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Posted in Delaware, Estate & Probate Law, Uncategorized, Video Library

What is Power of Attorney and what’s important to know about it in Delaware?

Posted on July 1, 2015 by MWM Admin

In Delaware, endurable power of attorney grants the agent broad rights to act in the place of the principal. Your agent should be someone you trust, and that he/she acknowledges their rights, duties and responsibilities as your agent.

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Posted in Delaware, Estate & Probate Law, Uncategorized, Video Library
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