Trust and Estate Attorney in Livingston, NJ

At Faloni Law Group, LLC, we provide a wide range of trust and estate planning services tailored to meet the unique needs of each client. Whether you are starting your estate plan from scratch or need to update an existing one, we offer the following services to ensure your legal and financial interests are protected:

Wills and Testamentary Documents

A will is the cornerstone of any estate plan. It outlines how you wish your assets to be distributed after your death and allows you to designate an executor who will oversee the process. A well-drafted will can prevent unnecessary disputes among family members and ensure that your intentions are clearly expressed.

At Faloni Law Group, LLC, we take the time to understand your goals and create a will that reflects your specific wishes. We also help with the preparation of other essential documents, including living wills and powers of attorney, to ensure that all aspects of your estate are covered.

Trusts for Asset Protection and Management

Trusts are powerful tools that can help you manage your assets during your lifetime and provide for their distribution after your death. There are several types of trusts, each serving a different purpose, and our legal team can guide you through the process of choosing the right one for your needs.

Some of the most common trusts include:

• Revocable Living Trusts: These trusts allow you to maintain control of your assets during your lifetime while designating a successor trustee to manage the distribution of your estate after your death.
• Irrevocable Trusts: Irrevocable trusts offer greater protection from creditors and estate taxes, as they remove assets from your taxable estate.
• Special Needs Trusts: Designed to provide for the care of a loved one with special needs, this type of trust ensures that the beneficiary receives financial support without jeopardizing eligibility for government benefits.
• Charitable Trusts: If philanthropy is part of your legacy, a charitable trust can help you support your favorite causes while providing tax benefits for your estate.

Our attorneys at Faloni Law Group, LLC can help you establish a trust that aligns with your financial objectives, providing for your loved ones and minimizing potential legal challenges.

Guardianship and Conservatorship

If you have minor children or dependents who rely on you for care, establishing guardianship is one of the most important aspects of your estate plan. A guardian is someone you appoint to care for your dependents in the event that you are no longer able to do so.

In cases where an individual becomes incapacitated and unable to manage their affairs, a conservatorship may be established. This legal arrangement allows a court-appointed conservator to handle the individual’s finances and medical decisions.

Faloni Law Group, LLC can help you navigate the guardianship and conservatorship process, ensuring that your loved ones are in trusted hands if the unexpected happens.

Probate and Estate Administration

When a loved one passes away, the probate process can be overwhelming and emotionally draining. Probate is the legal procedure that validates a will and oversees the distribution of assets according to the deceased’s wishes. Without a proper estate plan, probate can become a lengthy and expensive process.

At Faloni Law Group, LLC, we assist families in navigating the probate process, ensuring that the estate is administered efficiently and in accordance with the law. Our attorneys can help you avoid probate altogether through the use of trusts and other estate planning tools, reducing the time and expense associated with probate court.

Business Succession Planning

If you own a business, it’s crucial to have a plan in place for what will happen to your company after you retire or pass away. Business succession planning ensures that your business continues to thrive and that your interests are protected.

Our legal team can help you develop a succession plan that includes transferring ownership to family members, selling the business, or appointing new leadership. Faloni Law Group, LLC works closely with business owners to create a plan that aligns with their vision for the future of their company.