2053 Woodbridge Avenue - Edison, NJ 08817

Tuesday, August 01, 2023

E674 VercammenLaw News

 

1.  How can I disinherit my spouse, domestic partner, children or family under my Will?

2.  July 19, 2023 Annual Update Wills Edison

3.  Thirsty Thursday at Edison Elks  July 20  

4.  July 29  Neptune Shark River Hills run

5.  Eddie Munster

1 How can I disinherit my spouse, domestic partner, children or family under my Will?

      The answer is yes; however, a surviving spouse or domestic partner may be able to file for an elective share against the Estate and if good cause is shown a disinherited child may also seek to recover a share of the Estate. Source https://co.ocean.nj.us/OC/surrogate/frmResources.aspx 

         There can be a variety of reasons for not including a child in a will or trust or giving certain children a disproportionately smaller share. Some of the common reasons include: 1] one child may be very well off and not need the money 2] one child may have received substantial sums over the years 3] some children may not have sacrificed as much as others in caring for the aging parents 4] any money would probably go to fund the child’s substance abuse 5] a child may have creditors who would be the primary beneficiaries of the gift or 6] a child may be estranged from the parents. 

         Once a decision is made to completely disinherit a child, careful consideration should be given on how it is handled in the will/trust. However, if you don’t specifically exclude the child, a court could be persuaded that it was a mistake or drafting error and override your will/trust to provide that the child receives an amount equal to the other children.

         In stating that a child is not included, should you provide a reason? When a reason is given, the child could challenge the will/trust, alleging that the reason given is not factually correct. The courts have the power to overturn wills/trusts based on mistaken facts. One solution would be to state the child is excluded for reasons they will understand. 

         Being disinherited can be painful. How it is handled in the will/trust should be thoughtfully considered. This raises the question: Since the parents will not be there later to discuss the rationale, should they while living explain the reasons to the child?

         Contrary to popular thought, you are not required to leave the disinherited child anything in the will/trust. Some people mistakenly believe that you must give the disinherited child some small amount, say$10. This may create a problem. This child probably will find the gift insulting and refuse to take it. When there is $10 remaining in the estate account, it is difficult to close the trust or probate estate.

         Rather than completely disinheriting, a child may be left a smaller share than others. Some people want to include a provision that if the child challenges the will/trust, he/she loses everything he was to receive under the document. This is called “terrorem clause” because it is intended to terrorize the person not to challenge the will/trust. 


 

2 July 19, 2023 Annual Update Wills and Estate Planning Free Workshop & Seminar in person in Edison Law Office and Facebook Live at 12:15-1:00 pm   Live in office 

https://www.facebook.com/events/1194314261249938


Program  can also be watched on your computer or Iphone via Facebook live

Law Office of Kenneth Vercammen, 

2053 Woodbridge Ave, Edison, NJ 08817  

   The “In office” program is limited to 9 people. Please bring a canned food donation. 


      COST: Free for in person if you pre-register by email. Complimentary materials provided at 12:00 sharp. Please bring a canned food donation, which will be given to the St. Matthews’s St. Vincent DePaul Food Bank


 3 Thirsty Thursday at Edison Elks  July 20  at 7pm

Live Band 

$2.00 domestic drafts, Food for sale

 Outside weather permitting

    Come out and enjoy the evening

Shake hands with Ken V and he will cover your first beer. Food or pizza available for purchase

Ken & friends may sing “The Wanderer” by Dion

Edison Elks #2487  

375 Old Post Road, Edison, New Jersey 08817 (732) 985-2487

   Support the Elks, tip your volunteer bartenders

https://www.facebook.com/events/1864869123898486/

4 July 29  Neptune Shark River Hills run


    Greetings. I recently moved to Neptune Shark River Hills and neighbors can often see me running in the morning with my yellow lab Lexi girl.

The Annual Rumson HHH group Run will be on Saturday, July 29 at 10am. This is a non-competitive group fun run on the roads and sand near Riverside drive. The run begins near the beach on Riverside Dr. Our National anthem will be played at 10am.

    Hashing is not a race but a non-competitive weekly group run. Every week Participants follow trail of White Flour as hash marks in different locations. If you see white baking flour marks on the road or beach on July 29 don't be alarmed, that is part of the trail. All participants are requested to bring a canned food donation for the St. Matthews Food Bank. Participants run every week in woods and trails of preserved county and town lands which have been saved from development.  Please feel free to join us at your own pace!  

On many other weekends I will be running 5k races with Jersey Shore Runners Club wearing USA shorts and yellow shirt.


     “ The Hash House Harriers (HHH or H3) is an international group of non-competitive running clubs. Hashing originated in December 1938, when a group of British immigrants began meeting on Friday evenings prior to the war (1938-1941), to run, in a fashion patterned after the traditional British game of hare and hounds. by a club is known as a Hash or Run, or a Hash Run. A common denominal verb for this activity is Hashing, with participants calling themselves Hashers.”


5   Celebrating 4 of July with Eddie Munster legendary Butch Patrick

Also the Drag-U-La car


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