An intentionally defective grantor trust allows wealthy families to transfer assets from one generation to the next while achieving significant tax savings. IDGTs are especially useful if you have assets that will appreciate significantly over time.
Guardianship is a court process through which a third person, known as the “guardian,” is appointed to make decisions for another individual, called the alleged incapacitated party, also known as the A.I.P. To obtain guardianship over another involves the filing of a complaint and certifications. In Jersey City NJ, two doctors must render reports supporting the conclusion that the AIP is in fact incapacitated. Eventually, there must be either a trial or guardianship by consent.
Eldercare attorney Michael T. Willis and his entire team are experienced in New Jersey guardianship applications for residents in Jersey City, NJ as well as in Monmouth County, Morris County, Essex County, Hudson County and Bergen County. Call us today for the help your loved one needs.
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