by Torzewski & McInerney, LLC | Oct 17, 2023 | Estate Planning
According to CNBC, 67% of people in the U.S. do not have an estate plan. Estate planning is an important step in securing your financial legacy and ensuring those left behind carry out your wishes after your passing. Failing to engage in proper estate planning can...
by Torzewski & McInerney, LLC | Oct 9, 2023 | Estate Planning
When your estate planning goal is to protect your assets and secure your loved ones’ futures, you would want to have as much of your estate to pass down to your heirs. Unfortunately, impending deductions, such as inheritance taxes, may reduce a significant portion of...
by Torzewski & McInerney, LLC | Oct 6, 2023 | Tax Planning
With Morristown just 31 miles away from New York City, many of its residents seize the opportunity to work in the vibrant and bustling environment of the Big Apple. While this arrangement has many advantages, it also raises concerns about taxes. The good news is that...
by Torzewski & McInerney, LLC | Sep 29, 2023 | Contested Guardianships
Individuals who face temporary or permanent incapacity due to an injury, illness or similar condition are highly vulnerable and exposed to various abuses. Guardians have a crucial role in keeping an adult ward safe from physical abuse, financial abuse and undue...
by Torzewski & McInerney, LLC | Sep 5, 2023 | Estate Litigation
In estate planning, testators are free to modify their wills, especially when changes in circumstances warrant the modification, such as acquiring new property or welcoming a new member to the family. In New Jersey, testators can revise their wills by creating a...
by Torzewski & McInerney, LLC | Aug 14, 2023 | Elder Law
An argument among your relatives over how to medically treat you after you become incapacitated could become a messy affair. Worse, you may be in no position to express your desires. This makes it essential to use a living will to describe what you would want in...
by Torzewski & McInerney, LLC | Aug 14, 2023 | Elder Law
Long-term care has become part of the senior population’s life planning to ensure their care and financial protection. However, some elders can no longer decide for themselves, which can be due to mental incapacity or simply old age. When this happens, children...
by Torzewski & McInerney, LLC | Jul 28, 2023 | Estate Planning
Managing your assets after you pass away is integral to estate planning. If you are charitable, you may want to consider giving back to your community after you pass. One way to do this is by establishing a charitable trust. This type of trust can reduce some taxes...
by Torzewski & McInerney, LLC | Jul 15, 2023 | Contested Guardianships
Losing a loved one is never easy. It can be even more difficult when you disagree with the appointed guardian in the estate of your deceased loved one. This can lead to complicated feelings and tricky legal situations. If you feel that the appointed guardian is not...
by Torzewski & McInerney, LLC | Jun 28, 2023 | Tax Planning
Inheritance can be a mixed blessing when a significant portion of it goes towards paying taxes. If you are planning your estate in New Jersey, you need to understand how your decisions can impact the tax burden on your heirs. Thoughtful estate planning can help to...