Blog

Posted on January 3, 2019

What is an Estate Account?

The executor’s job is to collect the assets left behind by the decedent.  Assets held at banks and other financial institutions must be collected and placed in an estate account.  That is the account that holds all of the estate money that is going to be used to pay the…

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Posted on December 28, 2018

What is an Estate Identification Number?

An estate identification number (also called an EIN) is like a social security number for an estate.  This is how the government can keep track of income and assets of the estate for tax purposes (yes, income earned by an estate is subject to income tax).  You will need an…

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Posted on December 20, 2018

What is an Estate?

An estate is all of the money and property a decedent owned at the time of their death. It’s really that simple as far as a definition is concerned.  However, you have to be careful because the value of their estate may be less that you think.  The assets in…

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Posted on December 14, 2018

What is an Executor?

An executor is the person named in the will to manage the decedent’s estate.  The executor is in charge of the estate administration process – i.e. doing the four things that must be done in every estate: collecting the assets, paying the expenses, paying the taxes and paying the beneficiaries….

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Posted on December 7, 2018

What is Controlled by the Will?

It may be easier to answer this question by stating what isn’t controlled by the will.  Any assets that automatically pass to someone else are not controlled by the will. So, if there is a beneficiary on an account the account will pass to the beneficiary outside of the will….

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Price & Price attorneys have received recognition from various groups and publications. Specific awards are noted on our attorney bios. More information about each of these awards and the methodology used for selection can be found on the following links. Super Lawyers and SJ Magazine 2017 Top Attorneys. No aspect of these accolades has been approved by the Supreme Court of New Jersey.

HADDONFIELD
35 Kings Highway East #110
Haddonfield, NJ 08033
Phone: 856.429.5522