Morris, Downing, Sherred LLP

Sussex County Personal Injury Attorneys | Family Law Lawyers Newton NJ

973-383-2700 800-FYI-2700
(800-394-2700)
  • Home
  • Attorneys
  • Areas of Law
    • Medical Malpractice
    • Family Law
    • Real Estate
    • Personal Injury
    • Employment Law / Wrongful Termination
    • DUI & Traffic Violations
    • Workers’ Compensation
    • Estate Planning & Administration
    • Zoning & Land Use
    • Business & Corporate Law
    • Commercial & Complex Litigation
    • Environmental Law & Litigation
  • Testimonials
  • Articles
  • Blog
  • Contact
  • Home
  • Attorneys
  • Areas of Law
    • Medical Malpractice
    • Family Law
    • Real Estate
    • Personal Injury
    • Employment Law / Wrongful Termination
    • DUI & Traffic Violations
    • Workers’ Compensation
    • Estate Planning & Administration
    • Zoning & Land Use
    • Business & Corporate Law
    • Commercial & Complex Litigation
    • Environmental Law & Litigation
  • Testimonials
  • Articles
  • Blog
  • Contact

How To Avoid Probate

Sussex County And Morris County Estate Planning Lawyers

Morris, Downing, Sherred LLP is experience with how to avoid probate. Under New Jersey law, if a person dies without a will, the estate assets will automatically go to the surviving spouse and family members. But even airtight wills are subject to probate court decisions that can leave survivors frustrated.

What’s the best way to avoid putting decisions about your financial estate into the hands of strangers? By establishing a revocable living trust or an irrevocable trust, you can control the distribution of money and other property during your lifetime and after your death. You will legally establish your final wishes before you die.

Morris, Downing & Sherred has been helping individuals and families create trusts and other estate planning tools for more than 100 years. When we meet to discuss your circumstances, we will take the time to talk about your goals and the legal options that best serve your needs.

We offer a complete range of trust services to help you avoid probate, including:

  • Trust administration
  • Special needs trusts
  • Irrevocable and revocable trusts
  • Charitable remainder trusts
  • Pour-over wills
  • Marital trusts

What Is An Irrevocable Trust?

An irrevocable trust simply means that you are placing all or some of your financial holdings into a trust forever. Your financial holdings are beyond the decisions of the probate court. The advantage is that all assets are protected from creditors, judgments and other obligations, and you will control the distribution of your money to the people and charities you want to support. A disadvantage is that an irrevocable trust is exactly as it sounds: You cannot modify or revoke the trust and return the money to your personal accounts if you later change your mind.

What Is A Revocable Trust?

A revocable trust gives you control over the distribution of assets in your lifetime, but you have the option of collapsing the trust and recovering your assets, if necessary. Your financial holdings are beyond the decisions of the probate court. The disadvantage: estate tax savings may not be as substantial because you are not releasing control of your financial assets.

Experience. Dedication. Results.
Contact Morris, Downing & Sherred Today

Contact us online or call our offices located in Newton, New Jersey, at 973-383-2700 to learn more about our complete line of personalized estate planning and administration services.

Related Topics

  • Dedicated Advocates For Medical Malpractice Victims In New Jersey
  • Family Law
  • Real Estate
  • Personal Injury
  • Employment Law / Wrongful Termination
  • DUI & Traffic Violations
  • Workers’ Compensation
  • Estate Planning And Administration
    • Estate Planning
    • What Happens When Someone Dies Without A Will?
    • Fiduciary Services
    • Real Estate And Title Closings
    • Executor Assistance
    • Asset Protection & Probate
    • Probate And Estate Administration
    • Helping You Plan For The Future
    • Guardianship And Conservatorship Attorneys
    • Minimizing Estate Taxes
    • Life Estates
    • Business Succession Planning
    • Trusts
    • Living Wills
    • Joint Wills And Pour-Over Wills
    • How To Avoid Probate
    • Durable Powers of Attorney
    • Wills
    • Trust Administration
    • Special Needs Trusts
    • Revocable Trusts And Living Trusts
    • Marital Trusts
    • Irrevocable Trusts
  • Zoning, Land Use And Real Estate
  • Business And Corporate Law
  • Commercial & Complex Litigation
  • Environmental Law And Litigation

Questions? Email Our Legal Team

  • Disclaimer Text
    Privacy Policy Text
  • This field is for validation purposes and should be left unchanged.

Small Town Attention, Big City Results

Follow Us on Social Media

We Would Love Your Feedback

Have something to share?
Facebook | Google My Business | Yelp

Morris, Downing & Sherred, LLP | 1 Main Street | Newton, NJ 07860
Toll Free: 800-394-2700 | Phone: 973-383-2700 | Fax: 973-383-3510

©2021 Morris, Downing & Sherred, LLP. All Rights Reserved. Disclaimer. Privacy Policy.