Are There Assets That Shouldn’t Go Inside the Revocable Trust?

April 20, 2017 Victor Medina Assets, Estate Planning, Trusts 0 Comments

Planning ahead for your future likely involves a sit-down meeting with a New Jersey estate planning attorney, and that conversation may include mention of estate planning tools such as a revocable trust. Known for its flexibility, the revocable trust empowers you to maintain control over assets placed inside and the trust itself over the course […]

Why You Should Also Consider Life Insurance as Part of Your Estate Planning Toolkit

April 13, 2017 Victor Medina Estate Planning, Life Insurance 0 Comments

Setting up a consultation with an experienced estate planning attorney is strongly recommended, so that you have the opportunity to walk through your individual situation and determine strategies and tactics that will help you accomplish your estate planning goals. Putting together an estate plan and outlining the essential documents such as a will or a […]

The Basics of Setting Up a Trust for Estate Planning

April 6, 2017 Victor Medina Advanced Estate Planning, Estate Planning, Living Trust, Special Needs Trust, Trusts 0 Comments

A trust is a relationship in which one person’s assets are held inside for the intention of passing on to specific beneficiaries. One of the primary reasons that people choose to use a trust is because the assets no longer belong to a grantor after they have been transferred into the trust. You can also […]

Farewell, Mark

March 13, 2017 Victor Medina Uncategorized 8 Comments

It started as a ruse. I was a young lawyer, with a young practice (read: poor), and I had no money to hire him and his company to help me market my law firm. I did, however, have enough money to buy a couple of drinks. I decided that I would invite him to speak […]

Major Wealth Transition Expected to Occur in Next Few Decades

March 2, 2017 Victor Medina Estate Planning, Estate Tax, Living Trust, Trusts 0 Comments

An inter-generational transfer of wealth can be extremely complicated and it can be risky for everyone involved. Without proper planning, passing on a large amount of wealth could generate tax and other financial consequences for those receiving the benefits and those passing them on. It is expected that in the next forty years, nearly $32 […]