- Tom Petty’s daughters and widow embroiled in lawsuits
Mar 26, 2020Creating a thoughtful estate plan takes time and effort. Usually working with a knowledgeable and experienced estate law attorney is the best option for avoiding interfamily squabbles and disputes involving a business or assets. Unfortunately, this has now embroiled the estate of musician Tom Petty, whose widow Dana York Petty and daughters Adria Petty and Annakim Violette are fighting it out in probate court. Petty, who died of an accidental drug overdose in October of...Read More
- Can I update my estate plan during my divorce?
Mar 23, 2020If you are a newly separated person and you and your spouse are preparing to get a divorce, you know that every aspect of your life may feel up in the air right now. It can be overwhelming to be faced with a seemingly unending list of decisions to make, yet you must work through them one by one. Your estate plan may feel like something you can address down the road, but the reality...Read More
- What is the cy pres doctrine?
Mar 12, 2020One of the advantages of creating a charitable trust is that it allows you to continue to fund worthy causes in perpetuity. However, problems can arise specifically because of the enduring nature of a trust. Due to changes in circumstances over time, it may become impossible, impractical or even illegal to fulfill your stated intentions through your charitable trust. According to National Paralegal College, the court may apply the cy pres doctrine in a situation...Read More
- Benefits of charitable remainder trusts
Feb 25, 2020For people who are philanthropically minded and able to make sizeable donations to charitable organizations, combining their donor activities with their estate planning can be wise and beneficial to both their intended charities and to themselves. A charitable remainder trust may provide the right vehicle for people in these situations but understanding how this type of trust works is important. As explained by Fidelity Investments, a charitable remainder trusts allows a person to put assets...Read More
- What is a noncompete agreement?
Feb 18, 2020If you are a small business owner or looking to work for one, you may be interested in the subject of noncompete agreements. A noncompete agreement is a clause as a condition of employment that does not take effect until after the employment agreement between employee and employer has concluded. According to Findlaw, sometimes these agreements become the subject of legal disputes depending on what they stipulate. Essentially, a noncompete agreement will put some level...Read More
- Battle for control of Aretha Franklin’s estate continues
Feb 10, 2020No matter the size or scope of one’s estate in Haddonfield, the estate planning process can be quite complicated. It is for this very reason that estate planning experts recommend that those involved in it be as transparent as possible. Many experts might also say that this is wise to include would-be beneficiaries in it (as preparing people for what their roles and/or their interest in an estate might be prior to it being administered...Read More
- Responsibilities of an executor
Jan 21, 2020Many people assume they will be named as the executor of a parent’s will, but that may not always happen. Wise adults do not simply identify a person to be a will executor based on familial relations. The job of an executor should be thought of as just that – a job – instead of a ceremonious title bestowed on someone. Understanding what an executor’s responsibilities are is important when determining who to name in...Read More
- Is estate planning different for a blended family?
Jan 21, 2020No longer is it uncommon for a person to get married more than one time in their life. A remarriage may happen after the death of a first spouse or after a first marriage ends via divorce or an annulment. Regardless of how a previously married person finds themselves single again, they deserve the opportunity to move forward positively and create a life with a new spouse. While embracing the joys and opportunities that come...Read More
- Consideration for employees signing restrictive covenants
Jan 21, 2020The types of restrictive covenants available to you as a business owner in New Jersey include non-competition, non-disclosure and non-solicitation agreements. You can ask your employees to sign a restrictive covenant that meets these conditions: It is not injurious to the public, does not place undue hardship on your employees and protects your legitimate business interests. Signing a restrictive covenant means that the employees must give something up. To make up for what your employees willingly relinquish by...Read More
- Named an executor? Now what happens?
Jan 2, 2020When someone names you the executor of his or her estate in New Jersey, it is a large responsibility. You will not typically have to do anything until the person dies, but upon the person naming you the executive, there are some things you should consider. The main being if you want to serve in this role or not. Being an executor means that you will have to carry out the wishes of the deceased...Read More
MEET ATTORNEY MICHAEL D. RITIGSTEIN
Michael Ritigstein is a Founding Partner of the firm concentrating his efforts in supporting the firm's litigation, corporate and estate matters. Mr. Ritigstein graduated from the University of Delaware in 1996 and Seton Hall University School of Law in 2000. In 2007 he received a Masters of Law in Taxation with a concentration in Estate Planning, from Temple University's Beasley School of Law.
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