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AV Preeminent Peer Rated Attorneys
Cherry Hill Residents, consider several factors when selecting a lawyer ... Learn More
AV Preeminent Peer Rated Attorneys
Cherry Hill Residents, consider several factors when selecting a lawyer including their experience, expertise, and reputation. AV Rated Attorneys represent a distinguished group of lawyers who have received top ratings from their peers for their exceptional ethical standards and an A grade (4.5 or higher).
  • 329 Route 70 W., Cherry Hill, NJ 08002

  • 1221 Concord Lane, Cherry Hill, NJ 08003

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  • 4 Tunbridge Rd., Cherry Hill, NJ 08003

  • 811 Church Rd., Ste. 105, Cherry Hill, NJ 08002

  • 1999 Marlton Pike E., Suite 4, Cherry Hill, NJ 08003

  • Ten Melrose Avenue, Cherry Hill, NJ 08003

  • 1050 North Kings Highway, Suite 102, Cherry Hill, NJ 08034

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Commonly Asked Estate Planning Questions From Users Near You

This information is not legal advice and is not guaranteed to be correct, complete or up-to-date. It is provided for general informational purposes only. If you need legal advice you should consult a licensed attorney in your area.

My two brothers and I made a verbal agreement we will take care of our elderly mother, who is diagnosed with Dementia five years ago..

Richard Scott Diamond
Answered by attorney Richard Scott Diamond (Unclaimed Profile)
Estate Planning lawyer at Diamond & Diamond, P.A.
I dont know if your mother has any assets ( home, pension plan, etc) but if she does, then maybe you and your siblings agree in writing that you will get a larger share of the remaining assets of her estate upon her passing to compensate you for the expenses incurred in caring for your mother. Since your mother has dementia, who has the power of attorney over her care and over her finances? Again, maybe you and your siblings can agree that you will be paid from her assets for the time spent and to be spent caring for her. 
I dont know if your mother has any assets ( home, pension plan, etc) but if she does, then maybe you and your siblings agree in writing that you will get a larger share of the remaining assets of her estate upon her passing to compensate you for the expenses incurred in caring for your mother. Since your mother has dementia, who has the power of attorney over her care and over her finances? Again, maybe you and your siblings can agree that you will be paid from her assets for the time spent and to be spent caring for her. 
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My dad passed away and I am the excuxertor do I have to put everyone money in a interest bearing account till they are 18. Or just in a bank account.

Answered by attorney Diana L. Anderson
Estate Planning lawyer at Diana L. Anderson
It's not possible to answer based on the information you have given.  If the minors parents are alive you can have them take control of the funds or place it in a custodial account. 
It's not possible to answer based on the information you have given.  If the minors parents are alive you can have them take control of the funds or place it in a custodial account. 
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What makes up the net value of an estate. Is it only the monies that enter in and out of the estate account

Answered by attorney Diana L. Anderson
Estate Planning lawyer at Diana L. Anderson
For estate tax purposes, this amount would be included in the estate value.  the exemption in New Jersey is any amount  under the total of $675,000.  If the estate is over that amount, estate taxes are due.
For estate tax purposes, this amount would be included in the estate value.  the exemption in New Jersey is any amount  under the total of $675,000.  If the estate is over that amount, estate taxes are due.
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