Law Office of
Karen J. Shvarts, LLC
75 Main Street, Suite 201
Millburn, New Jersey 07041
About Us
Estate Planning
The Three Essential Document Every Adult Needs:
Last Will and Testament
This document will designate the person you would like to administer your estate. It may designate a funeral agent to take care of your funeral arrangements. It will also provide for the disposition of the assets in your individual name and appoint guardians for minor children, if needed. In this critical document, you are able to ensure your loved ones are cared for after your passing in accordance with your wishes.
Power of Attorney
This document will designate one or more individuals to make financial decisions on your behalf. Should you become incapacitated, this document is vital in order to allow for the management of your financial affairs, including the filing of annual income tax returns, payment of bills, management of financial assets, to name a few. This document will also allow you to designate whether and to what extent you would like your Attorney-in-Fact to have control over your Digital Assets.
Advanced Directive for Health Care & Living Will
This document will name a person to make medical decisions for you in the event that you are unable to make these important decisions for yourself. It will address your intentions with respect to life-sustaining treatment and end of life decision making.
ESTATE ADMINISTRATION
What do you do when you lose a loved one?
It is an overwhelming time. The passing of a loved one can be sudden or expected. Regardless, the loss of a loved one brings about emotional challenges, as well as financial ones. My job is to make this extremely difficult time a little bit easier. The administration of an estate involves the probate of the Will (if one exists), inventory and valuation of the estate assets, analyzation of post-mortem planning opportunities vis a vis the use of disclaimers, coordination with financial advisors and accountants, payment and filing of any applicable estate and inheritance tax returns, resolution of any federal or state estate or inheritance tax audits and ultimately distributing the estate assets to the beneficiaries. It is a lengthy and time-consuming process. I have always endeavored to be that helping hand when needed, to be attentive and understanding. It is a time when you need someone to listen and help, provide direction and guidance. It is a time when personal service is most important.