Wills & Estates Archives | Townsend, Tomaio & Newmark

What is Gray Divorce?

Posted on May 15, 2020 by Accel Admin

In recent years, our country has seen an uptick in what is known as "gray divorce." Simply put, gray divorce refers to couples who choose to get divorced later on in life, or at least after the age of 50. Though the reasoning for such a trend is not completely clear, it is reasonable to assume, in part, that the general stigma of divorce is far less prevalent than it…Read More

How to Notarize Legal Documents in the Wake of the New Coronavirus

Posted on April 13, 2020April 10, 2020 by Accel Admin

If you have recently drafted certain legal documents in the wake of the new coronavirus, such as a power of attorney, the next step, naturally, is to have that document notarized in front of a notary. However, because of the recent spread of COVID-19 and the ensuing statewide stay-at-home orders, this process may seem all the more complex. However, there are several things you can do to have these critical…Read More

How Can Social Security Benefits Impact My New Jersey Divorce?

Posted on January 30, 2020January 29, 2020 by Accel Admin

When spouses divorce, they are very often concerned over whether they will lose out on, or benefit from, retirement assets. These assets are subject to equitable distribution. In New Jersey, older couples who have been married for over 10 years may receive a portion of their former partners’ Social Security, pension, and military retirement benefits, provided they hire experienced legal counsel. Please read on and reach out to our experienced…Read More

Are There Different Types of Trusts?

Posted on August 9, 2019September 4, 2019 by Accel Admin

When someone writes a will, they may consider establishing certain trusts. Though they vary in specificity, the essential purpose of any trust is to ensure all beneficiaries will maximize their inheritance. Essentially, a trust is a contract between the estate and a third party that is in charge of a trust’s administration, known as a trustee. If you are a trustee or are creating a trust, you may seek some…Read More

Alimony, Child Support, Division of Assets after Death

Posted on March 3, 2019February 25, 2019 by Accel Admin

Protecting the Futures of Clients across Ridgewood, Hackensack, Paramus, Teaneck, Fort Lee and Bergen County It's unpleasant to consider what will happen after we die, but if you’re in the middle of divorce or child support litigation and the division of assets, now is the time to start planning for that eventuality. Generally support obligations, alimony or child support, end upon the death of the payer. Whether you eventually pay…Read More

Avoiding Unnecessary Financial Costs & Emotional Pitfalls in Your Bergen County Divorce

Posted on January 26, 2019January 26, 2019 by Accel Admin

Litigation is a tool for protecting and enforcing your rights. Any family attorney would be remiss if they didn't emphasize in their initial consultation that litigation can be unpredictable, the resulting financial costs unknown, and the potentially devastating emotional toll it could take on yourself, your spouse, and any children you may have, if things get personal. Your choice on whether to take the case to trial must factor in objective criteria…Read More

Bergen County, NJ “Death Tax” Regulations

Posted on June 11, 2018 by Accel Admin

There are two forms of so-called "death taxes" in New Jersey: estate tax and inheritance tax. These are also known as transfer inheritance taxes as the assets of the deceased must be transferred to his or her beneficiary. The exact amount and nature of taxes levied against estates is determined by a number of factors including any last wills and testaments, the amount of the assets being transferred, the relationship between…Read More

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