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Recent Blog Posts

Estate Administration Part 2: So you’re the Administrator of an Estate—now what?

You have received Letters of Administration from the Court… You submitted all the required paperwork to the Surrogate’s Court and have been officially appointed Administrator of your loved one’s Estate. This is a great honor, but also carries a great deal of responsibility. To help you understand your responsibilities and to help you administer the […]

Estate Administration Part 1: How to Apply for Letters of Administration

Ordinarily, a person specifies in his or her Will who they would like to deal with the matters of their Estate when they pass away. This is often a spouse, relative, or close friend—someone who the person trusts to act in the best interests of their Estate and their family. The person named in a […]

Did You Know? The Need for Worker’s Compensation Insurance

Although all employers are required by law to have Workers’ Compensation Insurance (aka “Workers’ Comp”) policies, it is frequently overlooked, and employers are often under-insured. Workers’ Comp is rated based on the classification of the type of business and the payroll. Premiums change according to the business’ payroll, not the number of workers employed. You […]

Q and A: “My mother passed away and the bank won’t let me use her POA. What happened?”

Unfortunately, a Power of Attorney is no longer valid if the Principal dies. The purpose of your POA was to allow you to act on your Mother’s behalf during her lifetime. At her death, the POA automatically terminates. Now you must qualify as her Executor (if she has a Will) or Administrator (if she does […]

Power of Attorney Part 6: Does the POA expire?

Unless specified otherwise, a POA will not expire. On rare occasions a POA will contain an expiration date; however, we strongly advise against including this, as you can always just change your POA if the need arises. If you do not list an expiration date in your POA, it will never expire in New Jersey. […]

Power of Attorney Part 5: What if I want to change my POA?

Many people are satisfied after establishing their Power of Attorney. However, things can change and you may lose trust in your Agent, or your Agent may move away.  If this is the case, you must:  Cancel the Power of Attorney. Notify your Agent and anybody who has been given a copy of your Power of […]

Power of Attorney Part 4: What if I don’t have a Power of Attorney, and am injured/fall ill?

Having a Power of Attorney (“POA”) is essential for being prepared for possible accidents in the future. As an example, say a person over the age of 18 gets into an accident and is incapacitated as a result, and now needs someone to act on his or her behalf. However, they did not set up […]

Power of Attorney Part 3: Who needs a Power of Attorney?

A Power of Attorney (POA) is vital for any adult. In fact, adult children who are 18 years of age or older should have a POA. Even if the parent of an adult child pays for school and medical bills, personnel from these institutions are not allowed to speak to the parent; only the child. Let’s look […]

Power of Attorney Part 2: A closer look at the Agent’s duties under a Power of Attorney

We discussed the basic definition of a Power of Attorney (POA) in Part 1 of our series on POAs. Now let’s take a closer look at the powers granted to the Agent by a POA, and what responsibilities accompany them. A POA could be “limited” to a few or one authority, i.e. sign papers for you at […]

Power of Attorney Part 1: What is a Power of Attorney?

A Power of Attorney (POA) is a legal document that lets another person (the “Agent”) make financial, health, and living arrangements for you (the “Principal”). This other person should be an individual whom you trust (such as a spouse or adult child), as they will able to act on your behalf. Some of their duties […]

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