Monday, March 4, 2019

Piscataway Library April 4, 2019 Wills & Power of Attorney Seminar

Piscataway Library 
April 4, 2019 at 7pm
500 Hoes Lane Piscataway NJ 08854
 J.F. Kennedy Memorial Library
 Open to the public. You do not need to be a resident.

SPEAKER: Kenneth Vercammen, Esq. Edison, (Author- ABA’s “Wills and Estate Administration book”)
   The 2018 New Estate Tax law changes administration of estates and trusts in New Jersey. 
Main Topics:
 1. NJ Estate Tax eliminated in 2018 NJ Veterans Tax exemption of up to $3,000
2. The 2019 changes in Federal Estate and Gift Tax  
3. Power of Attorneys recommendations  
4.  Living Will & Advance Directive       
5.  Administering the Estate/ Probate/Surrogate
6. Avoiding unnecessary expenses
        COMPLIMENTARY MATERIAL:Brochures on Wills, Probate and Administration of an Estate, Power of Attorney, Living Wills, Real Estate Sales for Seniors, and Trusts.
Piscataway Library Kennedy Branch
Brought to you by the Piscataway Public Library Foundation
Register at the Kennedy Library Information Desk or by calling 732-463-1633x6
https://www.facebook.com/events/894332297422215/

 Can’t attend?  We can email you materials Send email to VercammenLaw@Njlaws.com


     Free Will Seminars and Speakers Bureau for Groups
SPEAKERS BUREAU
         At the request of senior citizen groups, unions, and Middlesex County companies and organizations, the " Speakers Bureau " is a service designed to educate citizens about how laws affect their lives and how the judicial system operates.  We have attorneys available to speak to businesspersons, educational, civic and social organizations on a wide range of topics during business hours.  If your organization in Central NJ would like to schedule a Will & Estates seminar, call Kenneth Vercammen’s Law Office at 732-572-0500 or email Vercammenlaw@njlaws.com

     10 years ago the AARP Network Attorneys of the Edison/Metuchen/Woodbridge area several years ago established a community Speakers Bureau to provide educational programs to AARP and senior clubs, Unions and Middlesex County companies. Now, Ken Vercammen, Esq. and volunteer attorneys of the Middlesex County Estate Planning Council have provided Legal Rights Seminars to hundreds of seniors, business owners and their employees, unions, clubs and non-profit groups 
Details on free programs available

     These quality daytime educational programs will educate and even entertain. Clubs and companies are invited to schedule a free seminar. The following Seminars are now available: 
1. WILLS & ESTATE ADMINISTRATION-PROTECT YOUR FAMILY AND 
MAKE PLANNING EASY 
2. POWER OF ATTORNEY to permit family to pay your bills if you are temporarily disabled and permit doctors to talk with family 
       All instructors are licensed attorneys who have been in practice at least 25 years. All instructors are members of the American Bar Association, New Jersey 
State Bar Association, and Middlesex County Bar Association. All programs include free written materials. 

       You don't have to be wealthy or near death to do some thinking about a Will. Here is your opportunity to listen to an experienced attorney who will discuss how to distribute your property as you wish and avoid many rigid provisions of state law. 

      Topics discussed include: Who needs a Will?; What if you die without a Will (intestacy)?; Mechanics of a Will; "Living Will"; Powers of Attorney; Selecting an executor, trustee, and guardian; Proper Will execution; Inheritance Taxes, Estate Taxes $14,000 annual gift tax exclusion, Bequests to charity, Why you need a "Self-Proving" Will and Estate Administration/ Probate.

       Sample materials: Hand-outs on Wills, Living Wills/Medical Advance Directive, Power of Attorney, Probate and Administration of an Estate, Real Estate, Working with your Attorney, Consumers Guide to New Jersey Laws, and Senior Citizen Rights. 

SPEAKERS BUREAU 

At the request of senior citizen groups, unions, and Middlesex County companies and organizations, the " Speakers Bureau " is a service designed to educate citizens about how laws affect their lives and how the judicial system operates. We have attorneys available to speak to businesspersons, educational, civic and social organizations on a wide range of topics during business hours.

In today's complex world, few people can function successfully and safely without competent legal advice. In order to insure your estate plans are legally set up, you need to know exactly where you stand so that you can avoid possibly catastrophic mistakes impacting both you and your family. 

About the speaker: Kenneth A. Vercammen is a trial attorney in Edison, NJ. We is the author of the American Bar Association’s book “Wills and Estate Administration”
He is co-chair of the ABA Probate & Estate Planning Law Committee of the American Bar Association Solo Small Firm Division.  He is a speaker for the NJ State Bar Association at the annual Nuts & Bolts of Elder Law & Estate Administration program. 
He was Editor of the ABA Estate Planning Probate Committee Newsletter. Mr. Vercammen has published over 150 legal articles in national and New Jersey publications on litigation, elder law, probate and trial topics. He is a highly regarded lecturer on litigation and probate law for the American Bar Association, NJ ICLE, New Jersey State Bar Association and Middlesex County Bar Association. His articles have been published in noted publications included New Jersey Law Journal, ABA Law Practice Management Magazine, and New Jersey Lawyer. He established the NJlaws website www.njlaws.comwhich includes many articles on Estate Planning, Probate and Wills. He is a member of the AARP and often lectures to groups on the importance of an up to date Will, Power of Attorney and Living Will.
 KENNETH  VERCAMMEN & ASSOCIATES, PC
ATTORNEY AT LAW
2053 Woodbridge Ave.
Edison, NJ 08817
(Phone) 732-572-0500
 (Fax)   732-572-0030
www.njlaws.com 



Saturday, February 9, 2019

Edison Library New NJ Estate Tax Law, Wills, & Estate Seminar Edison Library Main Branch 340 Plainfield Avenue Edison NJ – Tuesday March 5th

   Edison Library
New NJ Estate Tax Law, Wills, & Estate Seminar 
Edison Library Main Branch 340 Plainfield Avenue Edison NJ – Tuesday March 5th, 2019 at 7 PM

Clara Barton Branch Library 141 Hoover Avenue Edison, NJ – Monday April 15th, 2019 at 6:30 PM

WILLS & ESTATE ADMINISTRATION- PROTECT YOUR FAMILY AND MAKE PLANNING EASY
SPEAKER: Kenneth Vercammen, Esq. Edison, (Author- ABA’s “Wills and Estate Administration book”)
   The 2018 New Estate Tax law changes administration of estates and trusts in New Jersey. 
Main Topics:
 1. NJ Estate Tax eliminated in 2018 & NJ Veterans Tax exemption of up to $3,000
2. The 2019 changes in Federal Estate and Gift Tax  
3. Power of Attorneys recommendations      
4.  Living Will & Advance Directive       
5.  Administering the Estate/ Probate/Surrogate
6. Avoiding unnecessary expenses
       You do not need to be an Edison resident to attend.
       COMPLIMENTARY MATERIAL: Brochures on Wills, Probate and Administration of an Estate, Power of Attorney, Living Wills, Real Estate Sales for Seniors, and Trusts.  
For info call 732-287-2298 x 228
To register go to http://www.edisonpubliclibrary.net/index-ek.shtml
Facebook
https://www.facebook.com/events/199804797601032/
    FREE WILL SEMINARS AND SPEAKERS BUREAU for community groups
       The AARP Network Attorneys of the Edison/Metuchen/East Brunswick area had established a community Speakers Bureau to provide educational programs to AARP and senior clubs, Unions and Middlesex County companies. During the past year, volunteer attorneys of the Middlesex County Estate Planning Council have provided Legal Rights Seminars to hundreds of seniors, business owners and their employees, unions, clubs and non-profit groups. These quality daytime educational programs will educate and even entertain. Clubs and companies are invited to schedule a free seminar.For other organizations to schedule a Will Seminar, please callKenneth Vercammen Law Office at (732) 572-0500, email VercammenLaw@njlaws.com
       Kenneth Vercammen is a trial attorney in Edison, NJ. Ken is author of the ABA’s book “Wills and Estate Administration.” He is co-chair of the American Bar Association’s Probate & Estate Planning Law Committee of the American Bar Association Solo Small Firm Division.  Ken is a speaker for the NJ State Bar Association at the annual Nuts & Bolts of Elder Law & Estate Administration program. 
      Mr. Vercammen has published over 150 legal articles in national and New Jersey publications on litigation, elder law, probate and trial topics. He is a highly regarded lecturer on litigation and probate law for the American Bar Association, NJ ICLE, New Jersey State Bar Association and Middlesex County Bar Association. His articles have been published in noted publications included New Jersey Law Journal, ABA Law Practice Management Magazine, and New Jersey Lawyer. He established the NJlaws website www.njlaws.comwhich includes many articles on Estate Planning, Probate and Wills. He is a member of the AARP and often lectures to groups on the importance of an up to date Will, Power of Attorney and Living Will.
KENNETH VERCAMMEN & ASSOCIATES, PC
ATTORNEY AT LAW
2053 Woodbridge Ave.
Edison, NJ 08817
(Phone) 732-572-0500
 (Fax)   732-572-0030
www.njlaws.com

Friday, January 25, 2019

Colonia Seniors Wills, Estate Planning & Probate Seminar February 5

Press Release Colonia Seniors 
Wills, Estate Planning & Probate Seminar
February 5 at 1pm   Tuesday
       
Colonia Firehouse 250 Inman Ave., Colonia, NJ 07067

SPEAKER: Kenneth Vercammen, Esq. Edison, NJ (Author- Wills and Estate Administration by the ABA) 

Main Topics:
Probate & Administering the Estate
Living Will & Advance Directive       
NJ Estate Tax eliminated in 2018 
The 2019 changes in Federal Estate and Gift Tax  

COMPLIMENTARY MATERIAL: Brochures on Wills, "Answers to Questions about Probate" and Administration of an Estate, Power of
Attorney, Living Wills, Real Estate Sales for Seniors, and Trusts.
     Must be a member of Colonia Seniors. To join or information, contact George Vassiliades President 
732-283-1759
https://www.facebook.com/events/1170931313073530/

              Free Will Seminars and Speakers Bureau for Groups

SPEAKERS BUREAU 

        At the request of senior citizen groups, unions, and Middlesex County companies and organizations, the " Speakers Bureau " is a service designed to educate citizens about how laws affect their lives and how the judicial system operates. We have attorneys available to speak to businesspersons, educational, civic and social organizations on a wide range of topics during business hours.  For additional information on the Legal Seminars, contact our Coordinator, Kenneth Vercammen’s law office at (732) 572-0500, or fax 732-572-0030.

10 years ago the AARP Network Attorneys of the Edison/Metuchen/Woodbridge area several years ago established a community Speakers Bureau to provide educational programs to AARP and senior clubs, Unions and Middlesex County companies. Now, Ken Vercammen, Esq. and volunteer attorneys of the Middlesex County Estate Planning Council have provided Legal Rights Seminars to hundreds of seniors, business owners and their employees, unions, clubs and non-profit groups 
Details on free programs available

These quality daytime educational programs will educate and even entertain. Clubs and companies are invited to schedule a free seminar. The following Seminars are now available: 
1. WILLS & ESTATE ADMINISTRATION-PROTECT YOUR FAMILY AND 
MAKE PLANNING EASY 
2. POWER OF ATTORNEY to permit family to pay your bills if you are temporarily disabled and permit doctors to talk with family 
       All instructors are licensed attorneys who have been in practice at least 25 years. All instructors are members of the American Bar Association, New Jersey 
State Bar Association, and Middlesex County Bar Association. All programs include free written materials. 

       You don't have to be wealthy or near death to do some thinking about a Will. Here is your opportunity to listen to an experienced attorney who will discuss how to distribute your property as you wish and avoid many rigid provisions of state law. 

      Topics discussed include: Who needs a Will?; What if you die without a Will (intestacy)?; Mechanics of a Will; "Living Will"; Powers of Attorney; Selecting an executor, trustee, and guardian; Proper Will execution; Inheritance Taxes, Estate Taxes $14,000 annual gift tax exclusion,  Bequests to charity, Why you need a "Self-Proving" Will and  Estate Administration/ Probate.

       Sample materials: Hand-outs on Wills, Living Wills/Medical Advance Directive, Power of Attorney, Probate and Administration of an Estate, Real Estate, Working with your Attorney, Consumers Guide to New Jersey Laws, and Senior Citizen Rights. 


In today's complex world, few people can function successfully and safely without competent legal advice. In order to insure your estate plans are legally set up, you need to know exactly where you stand so that you can avoid possibly catastrophic mistakes impacting both you and your family. 

About the speaker: Kenneth A. Vercammen is a trial attorney in Edison, NJ. We is the author of the American Bar Association’s book “Wills and Estate Administration”
He is co-chair of the ABA Probate & Estate Planning Law Committee of the American Bar Association Solo Small Firm Division.  He is a speaker for the NJ State Bar Association at the annual Nuts & Bolts of Elder Law & Estate Administration program. 
He was Editor of the ABA Estate Planning Probate Committee Newsletter. Mr. Vercammen has published over 150 legal articles in national and New Jersey publications on litigation, elder law, probate and trial topics. He is a highly regarded lecturer on litigation and probate law for the American Bar Association, NJ ICLE, New Jersey State Bar Association and Middlesex County Bar Association. His articles have been published in noted publications included New Jersey Law Journal, ABA Law Practice Management Magazine, and New Jersey Lawyer. He established the NJlaws website www.njlaws.comwhich includes many articles on Estate Planning, Probate and Wills. He is a member of the AARP and often lectures to groups on the importance of an up to date Will, Power of Attorney and Living Will.
 KENNETH VERCAMMEN & ASSOCIATES, PC
ATTORNEY AT LAW
2053 Woodbridge Ave.
Edison, NJ 08817
(Phone) 732-572-0500
 (Fax)   732-572-0030
www.njlaws.com 

Wednesday, January 9, 2019

Wills and Estate Planning Seminar Edison


Wednesday, January 9 at 12:15-1:00 PM and again 5:00pm-5:45pm
Law Office of Kenneth Vercammen,
2053 Woodbridge Ave, Edison, NJ 08817
 program is limited to 15 people. Please bring a canned food donation   
      COST: Free 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. Free sandwich for past and current clients from Craig’s Deli.

                                    Main Topics:
                                     1. Elimination of NJ Estate Tax
2. The New Probate Law and preparation of Wills     
3. 2019 changes in Federal Estate and Gift Tax exemption
4. The need for current Power of Attorney              
5.  Living Will  & Advance Directive       
6.  Administering the Estate & Probate

   We previously held this seminar for the Edison, Metuchen and Piscataway Libraries.
Please email us if you plan on attending or if you would like us to email the materials.
   SPEAKER: Kenneth Vercammen, Esq.                 
(Author- ABA Wills and Estate Administration)
      COMPLIMENTARY MATERIAL: Brochures on Wills, Probate and Administration of an Estate, Power of Attorney, Living Wills, Real Estate Sales for Seniors, and Trusts.   

Co-Sponsor: Middlesex County Estate Planning Council
To attend email VercammenLaw@Njlaws.com
other Information call 732-572-0500
Can’t attend?  We can email you materials
Send email to VercammenLaw@Njlaws.com

Tuesday, January 8, 2019

The NJ Estate Tax was eliminated in 2018

The NJ Estate Tax was eliminated in 2018 although there is still an Inheritance Tax for money that is not going to spouse, children, grandchildren, etc
Federal Estate Tax for rich people
Generally, a decedent dying between Jan. 1 and Dec. 31, 2019, may be subject to an estate tax, with an applicable exclusion amount of $11,400,000 (increased from $11,180,000 in 2018)

 In 2019, the annual Federal gift tax exclusion is $15,000. 
As of January 1, 2019, the federal estate tax exemption amount will increased to $11.4 million, up from $11.18 million in 2018, and up from $5.49 million in 2017.

Monday, December 3, 2018

What are Release and Refunding Bonds



What are Release and Refunding Bonds 
        Under New Jersey law it is the duty of the fiduciary [Executor or Administrator] to make arrangements to pay bills and other estate expenses and carry out instructions under the Will. NJSA 3B: 23-24 provides the fiduciary shall take a Release and Refunding Bond from each beneficiary.

 Please read the enclosed draft Release and Refunding Bonds. When the estate is finished and ready to disburse money, you will fill the amount each will receive. You should type up an informal accounting to show assets of the estate, the expenses and amounts each beneficiary will receive. To make things easy, you can attach a copy of your checkbook register. 

     Every beneficiary will need to sign his or her Release and Refunding Bond in front of an attorney or notary. If any beneficiary does not sign their release and refunding bond, then the estate funds cannot be distributed to anyone until approved by the Superior Court. An Accounting and Court approval under Rule 4:87-1 would take many months. We are requesting all beneficiaries to immediately make arrangements to sign the Release and Refunding Bond and return it to my office. Please also note under New Jersey law each beneficiary must certify they do not owe child support. Each beneficiary must fill out the child support section by hand.   

 The signed Release & Refunding Bonds must be filed with the County Surrogate and small fee paid. If the Surrogate required a bond, a copy of each filed Release & Refunding Bond must be provided to the bonding company.
     In the State of New Jersey, it is essential that Executors and Administrators obtain and file with the Surrogate’s Court, either an executed Release or combined Release & Refunding Bond from each beneficiary of the testator’s estate. Once debts and taxes of the state are paid, AND the Executor or Administrator is ready to make final distribution, the Executor or Administrator must have each beneficiary sign a “Release & Refunding Bond.” 
By executing a Refunding Bond, the beneficiary is agreeing that, in the event the assets distributed to him or her are needed at a later time to pay any debt of the estate, the beneficiary will then return part or all of the assets needed to pay estate debts. This provides the Executor or Administrator with security in the unlikely event claims are subsequently made against the estate. The release is proof that the Executor or Administrator has made distribution and that the beneficiary has received his or her bequest or distributive share. 
Source
http://www.bergencountysurrogate.com/refundingbond&releaseforms.pdf
REFUNDING BOND AND RELEASE 
     By statute (N.J.S.A. 3B: 23-24) an Executor or Administrator is required on paying a beneficiary his/her share of the estate, to take a Refunding Bond and Release from the beneficiary and to file the bond in the Surrogate’s Court. The statute requires that the Refunding Bond and Release be in the amount or value of the beneficiary’s share of the estate. The Refunding Bond and Release must be signed by the beneficiary before a Notary Public or attorney. If the beneficiary is a minor or incapacitated person, the Refunding Bond and Release must be signed by the guardian of the property.  
The Refunding Bond and Release has a dual purpose: 
Refunding – To refund to the Executor or Administrator out of his/her share of the estate his ratable part of any unpaid debts, owed by the testator or intestate, if there are no other assets to pay them. Source http://www.mercercounty.org/government/county-surrogate/refunding-bond-and-release
Release - To discharge the Executor or Administrator of an estate of his/her duties upon distribution to the beneficiary of his/her share of the estate. 
In an Administration that required a Surety Bond, the Administrator must request a Certificate of Release from the Surrogate at the time he/she files the Refunding Bond and Release. A Surety Bond will not be cancelled by the insurance agent unless the Certificate of Release is presented to the agent. 
It is necessary to file the completed Refunding Bond and Release from each beneficiary of the estate with the Surrogate’s Court. The statutory fee for filing is $ 10.00 per bond and $ 5.00 for the Certificate of Release. 

Source http://www.mercercounty.org/government/county-surrogate/refunding-bond-and-release

Kenneth Vercammen Esq. 732-572-0500 
2053 Woodbridge Ave. Edison, NJ 08817https://www.njlaws.com/probate_release_refund_bond.html?id=744&a=