New Jersey estate plans that give families clear authority.

Trusts are not only for ultra-high-net-worth families.

Many clients still think a trust is something reserved for families with eight-figure estates, private offices, or complicated tax planning. That used to be the cultural assumption. It is not how modern estate planning works. A revocable living trust can be a reasonable, flat-fee planning tool for a family with a home, a few financial accounts, children or grandchildren, privacy concerns, a blended-family structure, or a desire to make administration easier for the person left in charge.

The right question is not "am I wealthy enough for a trust?" The right question is whether the trust solves a real problem: avoiding public probate for funded assets, letting a successor trustee act during incapacity, keeping inheritance in trust for younger beneficiaries, coordinating a second marriage, or managing assets for someone who should not receive everything outright. In New Jersey, probate is often more straightforward than in many states, so a will-based plan is still enough for many people. But trusts are no longer unobtainable, exotic, or limited to ultra-high-net-worth planning.

Trust funding also has limits. A home, non-retirement brokerage account, or bank account may be retitled to a revocable trust when appropriate. Employer retirement accounts such as 401(k)s and 403(b)s are typically not retitled into a trust during life; IRAs and retirement plans have their own beneficiary-designation and income-tax rules. In some plans, the beneficiary remains a spouse or adult child directly. In other plans, especially where beneficiaries are minors, disabled, financially vulnerable, or part of a blended-family structure, the beneficiary designation may name a properly drafted trust. That decision is made account by account.

What happens in New Jersey when there is no plan.

If you die in New Jersey without an estate plan, statutory defaults control probate assets. Under N.J.S.A. 3B:5-31, a surviving spouse does not always inherit the entire intestate estate. In blended-family situations, the spouse may receive a statutory share and the children may receive the balance. If minor children inherit outright, court-supervised financial guardianship may be needed. A will can nominate guardians and fiduciaries; a trust can add more detailed management terms for the inheritance.

New Jersey also retains an inheritance tax under N.J.S.A. 54:34-12 et seq. Beneficiary class matters. Transfers to many close family members are exempt, while transfers to siblings, nieces, nephews, friends, unmarried partners, or other non-exempt beneficiaries may create tax. Good planning does not make every tax disappear, but it can identify the issue early enough to consider alternatives.

These are default rules under New Jersey law. An estate plan gives your family a document-based answer instead of leaving every question to statute, account titling, and court process.

What a New Jersey estate plan should settle

A useful estate plan answers the questions that cause delay, court involvement, and family conflict. At Simon Law Group, we use wills, trusts, powers of attorney, advance directives, beneficiary reviews, and fiduciary instructions to settle four practical issues:

• Authority: You name the executor, trustee, financial agent, healthcare representative, and guardian candidates before a crisis.
• Transfer path: We compare probate assets, trust assets, jointly held property, and beneficiary designations so the documents do not contradict the accounts.
• New Jersey administration: The plan accounts for Surrogate filings, inheritance-tax classes, fiduciary duties, and whether a trust should reduce probate friction.
• Family protection: The drafting can address minor children, blended families, disabled beneficiaries, business interests, long-term care concerns, and beneficiaries who should not inherit outright.

Find the right planning path

The best starting point is the reason you are planning now. These estate-planning clusters connect the statewide New Jersey overview to the detailed pages clients most often need next.

Core Estate Planning Documents

Last will and testament

A will is the foundation of every estate plan. It directs how your assets are distributed, names an executor to carry out your instructions, and, for parents, designates a guardian for minor children. Under N.J.S.A. 3B:3-21, a valid New Jersey will must be in writing, signed by the testator, and witnessed by at least two individuals. While notarization is not required, including a self-proving affidavit under N.J.S.A. 3B:3-42 streamlines probate by eliminating the need to locate witnesses after your death. We include a self-proving affidavit with every will we draft.

Read more about wills in New Jersey: requirements, common mistakes, and how a will works alongside other documents.

Revocable living trust

A revocable living trust allows you to maintain full control of your assets during your lifetime while creating a private transfer path for properly funded assets after death, often outside routine probate. Under the New Jersey Uniform Trust Code, N.J.S.A. 3B:31-13 et seq., trusts created after July 2016 are presumed revocable unless the trust document states otherwise. You can amend or revoke the trust at any time during your life. A revocable trust also provides incapacity management: if you become unable to handle your affairs, your successor trustee steps in without any court proceeding.

Compare revocable living trusts with a will-based plan: how they work, what they cost, and when one fits.

Irrevocable trust

An irrevocable trust may remove selected assets from certain ownership, tax, creditor, or Medicaid-counting analyses, depending on the trust design and timing. Unlike a revocable trust, once assets are transferred into an irrevocable trust, the grantor gives up control specified in the document. The trade-off can be substantial and should be reviewed carefully: estate-tax planning, creditor-risk planning, and, in some structures, Medicaid eligibility planning under the five-year lookback. Common types include irrevocable life-insurance trusts (ILITs), spousal lifetime access trusts (SLATs), and charitable remainder trusts (CRTs).

Read about irrevocable trust strategies: when they fit and how New Jersey law governs them.

Durable financial power of attorney

A durable financial power of attorney authorizes a trusted person to manage your financial affairs, including banking, bill payment, real estate, and investments, if you become incapacitated. Under New Jersey's Revised Durable Power of Attorney Act, N.J.S.A. 46:2B-8.14 et seq., the document must include language confirming that the authority survives incapacity. Without a workable power of attorney, family members may need to consider guardianship or other court relief before they can manage finances.

Read the full guide to powers of attorney in NJ: including bank-rejection issues and how to choose the right agent.

Advance healthcare directive

An advance directive (sometimes called a living will) states your wishes regarding end-of-life medical treatment and names a healthcare proxy to make medical decisions on your behalf if you cannot communicate. Under the New Jersey Advance Directives for Health Care Act, N.J.S.A. 26:2H-535 et seq., an advance directive must be signed and either witnessed by two adults or acknowledged before a notary. Your healthcare representative cannot serve as a witness.

Learn about advance directives in New Jersey: including what they cover, how they differ from a healthcare power of attorney, and why every adult needs one.

Specialized Estate Planning

Special Needs Planning

If you have a family member with a disability, a special needs trust (also called a supplemental needs trust) can help preserve eligibility for Medicaid, SSI, and other government benefits while providing supplemental resources for quality-of-life expenses that government programs do not cover. Proper structuring is essential: a poorly drafted trust or a direct inheritance can jeopardize benefits the beneficiary depends on.

Special needs trust planning in New Jersey

Elder Law and Medicaid Planning

Long-term-care planning is time-sensitive because Medicaid applies transfer and eligibility rules before benefits are approved. Medicaid planning uses legally permissible strategies, including irrevocable trusts, Medicaid-compliant annuities where appropriate, and asset repositioning, to address care costs while preserving eligibility where the rules allow. Because Medicaid imposes a five-year lookback on many transfers, planning is usually more effective when it begins well before care is needed.

Elder law and Medicaid planning in New Jersey

NJ Inheritance and Estate Taxes

New Jersey eliminated its state estate tax in 2018, but its inheritance tax remains in effect and can affect non-exempt beneficiaries. Class A beneficiaries generally include spouses, children, parents, and grandchildren and are exempt. Class C beneficiaries, including siblings and certain in-laws, may pay graduated rates after the class exemption; Class D beneficiaries, including many friends, nieces, nephews, unmarried partners, and other transferees, may pay Class D rates. Planning can identify the tax issue early and sometimes reduce friction, but the result depends on the beneficiary, asset, and planning structure.

New Jersey inheritance and estate taxes explained

Asset Protection

For professionals, business owners, and individuals with litigation exposure, asset protection planning may reduce creditor and lawsuit exposure when it is done early and structured correctly. New Jersey does not have a domestic asset protection trust statute, which means planning must use other structures, including irrevocable trusts, family limited partnerships, and proper insurance coordination.

Asset protection strategies in New Jersey

Charitable Giving

Charitable trusts and planned giving strategies can align estate planning with causes you care about and may create tax consequences that should be reviewed with counsel and a tax professional. Charitable remainder trusts (CRTs) can provide income during your lifetime and a charitable gift at death. Qualified charitable distributions (QCDs) from IRAs may satisfy required minimum distributions without increasing taxable income when federal rules are met.

Charitable giving and estate planning

Advanced Trust Structures

For high-net-worth families and those facing federal estate-tax exposure, specialized irrevocable trust structures provide targeted planning benefits. Each is suited to specific objectives: capital-gains deferral, multi-generational wealth preservation, charitable giving combined with family transfer, or non-citizen-spouse marital deduction planning. The OBBBA $15 million federal exemption gives families a more durable planning baseline, but the right trust structure still matters for asset protection, state inheritance tax, beneficiary control, and generation-skipping transfer planning.

• Irrevocable Life Insurance Trusts (ILITs): Move life-insurance proceeds outside the gross estate under IRC § 20421; Crummey-power premium funding; three-year lookback avoidance under IRC § 20352.
• Spousal Lifetime Access Trusts (SLATs): Use lifetime gift-tax exemption while preserving family access through beneficiary spouse; reciprocal-trust doctrine avoidance; useful for married couples who want completed-gift planning without giving up all practical family access.
• Grantor Retained Annuity Trusts (GRATs): Transfer appreciation above the IRS § 7520 hurdle rate under IRC § 27023; zeroed-out Walton GRAT structures; short-term rolling GRAT strategies.
• Qualified Personal Residence Trusts (QPRTs): Transfer the family home to next generation at reduced gift-tax cost under IRC § 2702(a)(3)(A)4; post-term fair-market lease-back arrangements.
• Intentionally Defective Grantor Trusts (IDGTs): Sale-to-grantor-trust strategies with promissory-note structures; grantor tax burn benefits.
• Dynasty / GST-Exempt Trusts: Multi-generational wealth preservation under IRC §§ 2601-26645; NJ perpetual-trust authorization under N.J.S.A. 46:2F-96.
• Charitable Remainder Trusts (CRTs): Income for life, charity at the end under IRC § 6647; capital-gains deferral on appreciated assets.
• Charitable Lead Trusts (CLTs): Charity first, family later; zeroed-out CLAT structures for reduced-cost family transfer.
• Medicaid Asset Protection Trusts (MAPTs): Five-year-lookback planning under 42 U.S.C. § 1396p(c)(1)(B)8; may help protect selected assets when planned and funded early enough.
• Standalone Retirement Trusts (SRTs): Post-SECURE Act trust beneficiary planning for IRAs and 401(k)s; conduit vs. accumulation trust structures.
• QTIP Trusts: Qualified Terminable Interest Property trusts under IRC § 2056(b)(7)9; marital-deduction preservation with controlled remainder.
• Credit Shelter / Bypass Trusts: Federal exemption preservation through trust structures avoiding inclusion in surviving spouse's estate.
• Qualified Domestic Trusts (QDOTs): Marital-deduction preservation for non-citizen surviving spouses under IRC § 2056A10.
• Business Succession Planning: Buy-sell agreements; valuation discounts; IRC § 6166 estate-tax deferral; intra-family vs. third-party sale planning.

Probate and Estate Administration

When a loved one passes away, their estate must be administered through the New Jersey Surrogate's Court. Whether you are an executor named in a will or an administrator of an intestate estate, the process involves filing documents, notifying creditors, managing assets, filing tax returns, and distributing inheritances. We guide executors and administrators through every step.

Probate administration guide: full procedural framework, executor duties under N.J.S.A. 3B:10-2311, NJ inheritance tax filing, contested-probate matters in Chancery Probate Part, small-estate procedures, and when trust planning can reduce administrative friction.

Trust Administration

If you have been named as trustee, you have fiduciary duties under New Jersey's Uniform Trust Code, including duties tied to good-faith administration, beneficiary communication, prudent investment, and recordkeeping. Failure to fulfill those duties can create personal exposure. Our attorneys help successor trustees understand the document, identify deadlines, communicate with beneficiaries, and keep administration records organized.

Trust administration guidance

Cluster guides for common New Jersey planning questions

Use these guides when a single document label does not describe the real issue. They connect the estate-planning hub to pages for life stage, family structure, fiduciary risk, and local administration.

• Young Families and Newlyweds: Guardian designation, basic wills, life-insurance coordination, beneficiary updates.
• Single and Unmarried Adults: POA and healthcare proxy choices, unmarried partner protections, digital assets.
• Single Parents: Guardian selection, trusts for minors, life-insurance structuring.
• Divorced and Recently Separated: Beneficiary designation updates, will revisions, QDRO coordination.
• Retirees: IRA and retirement account planning, Medicaid, RMD coordination, long-term care strategies.
• Executives, Founders, and High-Net-Worth Individuals: Business succession, equity compensation, dynasty trusts, GRATs, SLATs.
• Alzheimer's and Dementia: Capacity planning, guardianship alternatives, Medicaid for memory care.
• Collections, cars, art, and tangible property: Inventory, appraisal, title, insurance, and fiduciary instructions for valuable personal property.

Deeper estate-planning resources

• Federal Estate Tax Portability: How to preserve your spouse's unused exemption
• Pet Trusts in New Jersey: Legally enforceable care plans for your animals
• Why Trust Wording Matters: How precise language prevents litigation
• When You Need More Than One Trust: Coordinating multiple trust structures
• Disclaimer Trusts: Flexible post-death tax planning
• Working with Your Financial Advisors: Coordinated planning across professionals
• Guardianship and Conservatorship: When and how to seek court-appointed authority
• Annual Estate Plan Review: Why and when to update your plan
• Glossary of Estate Planning Terms: A-Z reference guide
• Digital-Asset Estate Planning: RUFADAA fiduciary authorization (N.J.S.A. 3B:14-61.10), crypto key-management succession, NFT inheritance, and trust structuring for digital wealth
• Complete Resource Library: All of our estate planning content in one place

Common Misconceptions About Estate Planning

• "I'm too young to need an estate plan." If you have a child, a mortgage, a retirement account, or anyone who depends on you, a basic plan may already matter.
• "My spouse will get everything automatically." Under NJ intestacy law, a spouse does not always receive the entire intestate estate, especially in blended-family situations.
• "I don't have enough assets to worry about." Estate planning is also about guardians, medical decision-makers, financial agents, and beneficiary designations. A basic will starts at $950.
• "An online will is just as good." Templates may miss NJ execution requirements, POA durability language, trust funding, tax classification, or family-specific distribution language.
• "I can do this later." Powers of attorney and healthcare directives generally require capacity. Once capacity is disputed or lost, family members may need court involvement.

Why now

The cost of waiting.

Most clients who walk into our offices for the first time have been meaning to do this for ten years. The reason they finally come is rarely happy. A diagnosis. A friend's sudden death. A divorce that revealed how out of date the old beneficiary designations were. A child with newly diagnosed special needs who will need a trust, not just a checking account.

The cost of waiting is not measured only in legal fees. It can show up as avoidable probate friction, a guardianship filing that might have been unnecessary with a power of attorney, an inheritance-tax issue that could have been identified earlier, or a disagreement among family members about who is in charge because nothing was put in writing.

The next step is direct: start the intake, talk through the family and asset picture, then decide which documents actually fit.

Call first. Then organize the planning picture.

Estate planning works best when we start the conversation early. You do not need a finished asset inventory before contacting us. Call now; while we complete intake and schedule the consultation, these six steps help make the first attorney meeting more productive.

1. Make the asset inventory.

A one-page list: bank accounts, brokerage accounts, retirement accounts (401(k), IRA, pension), life-insurance policies, real estate (with mortgage balances), business interests, vehicles, and meaningful personal property. Approximate values are enough; what we need is the picture, not a balance sheet. Out-of-state assets matter; flag them.

2. Decide who the fiduciaries are.

Three roles to fill: executor of your will, trustee of any trust, and agent under your power of attorney. Often the same person; sometimes different. Name a primary and at least one successor for each. Think about the role, not the relationship: your most-loving sibling may not be the right executor; the methodical one usually is.

3. Decide on guardians for any minor children.

Under N.J.S.A. 3B:12-251, a parent's nomination of a guardian in the will can matter in the court's review. Have the conversation with the proposed guardian before you name them. It is usually prudent to name a backup.

4. Think about beneficiary contingencies.

Most plans fail not on the first round of beneficiaries but on the contingent round: what happens if a primary beneficiary predeceases you, becomes incapacitated, divorces, or is on means-tested benefits when you die. N.J.S.A. 3B:3-352 handles some predeceased-beneficiary scenarios; explicit contingent language in the document handles the rest.

5. Pull current beneficiary designations on life insurance and retirement.

Retirement accounts and life-insurance policies pass by beneficiary designation, not by will. Under federal ERISA law (29 U.S.C. § 1144(a)), the designation on file with the plan administrator controls, even if your will says otherwise. Egelhoff v. Egelhoff, 532 U.S. 141 (2001). Pull the current designations; bring copies to the consultation.

6. Think about the conversation you're avoiding.

The plan should answer the questions you have been putting off: the second marriage; the child with substance-use issues; the family business succession; the special-needs grandchild; the parent who needs Medicaid planning. The consultation is where those questions get answered. Bring them.

Your estate-planning team

Estate-planning work at Simon Law Group is led by Managing Partner Britt J. Simon, Esq., with probate, guardianship, litigation, disability, and foreclosure-related issues coordinated across the attorneys whose practice areas touch the plan. Process, plans, packages, and pricing are supported by Christopher T. Tappan, Esq., Client Services Director, Estate Planning, who helps clients understand the document set, the funding step, and the review cadence. When a matter benefits from cross-practice input, the team coordinates the issue before the documents are finalized.

Begin with the people, property, and decisions

Whether this is your first estate plan or an update to one you signed years ago, our published estate-planning fee schedule lists a single will at $950. We meet with clients at our Somerville, Morristown, and Flemington offices, with phone and video consultations available when appropriate.

How we help: We coordinate the will or trust, incapacity documents, beneficiary designations, asset ownership, fiduciary choices, and New Jersey tax concerns as one bespoke plan, not a document template. Request a review of your family, assets, and existing documents.