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Wills and Trusts

Experienced New Jersey Wills and Trusts Attorney Secures Your Legacy

Comprehensive plans to protect your family’s future

Wills and trusts are the principal legal instruments attorneys use to help clients transfer assets to their heirs. The experienced attorneys at The Sherman Law Offices can advise you on the best means for you to address your legacy concerns, including the transfer of financial and real property assets, estate tax avoidance, guardianships for minor children, and support for philanthropic causes. We draft precise wills that reflect your desires and establish various types of trusts that serve your estate planning needs.

Draft your living will and last will and testament

A will is essential at every stage of your life. A living will sets the parameters for medical intervention should you become incapacitated. This assures that when you are most vulnerable, your wishes will be honored.

Your last will and testament provides the opportunity to distribute your property, establish care for your children and otherwise express your wishes upon your death. A will is the primary means by which you can leave property to a person or entity other than a blood relative, such as a domestic partner, a friend or a charity. If you die without a will, the court determines how your property is distributed, who cares for your children and even what happens to your pet – making decisions that might not reflect your desires. We draft valid wills that clearly convey your intentions.

Changing your will

It is a good idea to review your will with your attorney every three to five years, and update the will to reflect changes in your circumstances and priorities. We draft valid codicils that address changes in your financial situation, marital status, number of children, philanthropic interests and general lifestyle decisions.

Trusts specially tailored to meet your estate planning goals

Depending on your financial circumstances, a will may not be the best way for you to transfer assets to your heirs. Trusts, legal entities you create to hold and transfer your property, can shield your wealth from losses due to liability and taxation, so your heirs can keep more of what you bequeath to them. I can help you select the type of trust instrument that addresses your legacy concerns, such as:

  • Revocable trusts. As the grantor, you can retain control of your assets and may revoke or revise the trust at any time.
  • Irrevocable trusts. Once you establish this kind of trust, its assets no longer belong to you, and you can’t amend the trust without your beneficiary’s consent. However, appreciated assets are not subject to estate taxes.
  • Credit shelter trusts. Also called a bypass or family trust, this allows a grantor to place enough wealth in the trust for heirs that the remainder which the grantor passes on via a will does not trigger estate tax. The assets in the credit shelter trust are also not subject to estate tax.
  • Generation-skipping trusts. Also called a dynasty trust, this enables a grantor to transfer a substantial amount of tax-free money to beneficiaries at least two generations your junior. It’s an excellent way to provide a legacy for your grandchildren.
  • Qualified personal residence trusts. A QPRT prevents the value of your primary residence or vacation home from being added to the grantor’s estate. It prevents real property which may appreciate in value from triggering the estate tax.
  • Irrevocable life insurance trusts. This trust remove a grantor’s life insurance from the taxable estate. It’s an excellent way to leave a tax-free legacy to loved ones.
  • Qualified terminable interest property trusts. A QTIP trust helps grantors in second marriages provide for the lifetime needs of a second spouse while preserving a legacy for children from the first marriage.

Trusts are very flexible instruments. I can help you create an instrument that addresses your unique estate planning needs.

Contact a meticulous estate planning lawyer in Salem County

Sherman Law Offices serve clients in Woodstown and throughout Salem and Gloucester Counties. Call  856.823.4086 or contact my office online to schedule a consultation.

Testimonials
  • "Bruce Sherman's services are of the highest quality and I strongly recommend his practice to anyone needing representation. Bruce and his staff are hardworking professionals that are focused on each individual case while making the client's experience positive during their time of need. It is not only because of their communication, responsiveness, quality of work, and value of service provided that I highly recommend Bruce and his staff, but also because of his attention to detail."

  • "Bruce Sherman is a very knowledgeable attorney, who made sure he had my best interest during the entire process. I am beyond proud of my representation. Mr. Sherman did exactly what I needed done and gave me the more than perfect results I requested. I highly recommend his services and will continue to use him as my attorney for years to come."

  • "Bruce is an excellent attorney--very thorough and on top of your particular situation. Would recommend him without reservations."

  • "Josh has painstakingly worked through our case and has gotten the results needed to protect our family. He is dedicated, meticulous, and patient. He spends many hours speaking with us, compiling information, and he makes the right decisions for our case. In the courtroom he is professional, knowledgeable, and direct. Our case is complicated however his level of expertise is getting the results needed for our family. I would highly recommend Josh to anyone. He has been an invaluable asset throughout this process."

  • "I have had the privilege of working with Josh Sherman on a legal case. Josh extrapolates the details in an organized fashion to develop a case in a timely and efficient manner. He provides case law that any judge would be compelled to uphold. Josh is not only an eloquent writer, but he is quick on his feet in the courtroom. Over the years, I have had to seek legal counsel. I wish I knew Josh then. I highly recommend Josh Sherman. He will take you under his wing and provide you with the best legal counsel."

Reviews and Ratings
  • lawyers
    5.0/5.0

    Bruce Sherman's services are of the highest quality and I strongly recommend his practice to anyone needing representation. Bruce and his staff are hardworking professionals that are focused on each individual case while making the client's experien...

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    Client

  • lawyers
    5.0/5.0

    Bruce Sherman is a very knowledgeable attorney, who made sure he had my best interest during the entire process. I am beyond proud of my representation. Mr. Sherman did exactly what I needed done and gave me the more than perfect results I requested....

    Read more

    Client

  • lawyers
    5.0/5.0

    Mr. Sherman gave me the best representation during my divorce. Not only did he provide me with a wealth of advice, but also he exuded professionalism and exceptional availability. Mr. Sherman made my hardship easier as well as less painful. Above all...

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    Client

  • lawyers
    5.0/5.0

    Mr. Sherman has represented my family for over 20 years. He is extremely knowledgeable and experienced. His office staff is helpful and efficient. His recent addition of Joshua Sherman will strengthen his law office even further.. We strongly recom...

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    Client

  • lawyers
    5.0/5.0

    Bruce is an excellent attorney--very thorough and on top of your particular situation. Would recommend him without reservations.

    Read more

    Client

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Sherman Law Offices

Woodstown Office

38 West Avenue, Route 40 Woodstown, New Jersey 08098
Phone: 856-769-5711, Fax: 856-769-5712
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