Atlantic County Personal Injury Law Blog

As a business owner, you understand that you need to stay in line with the law down to the last detail because legal claims could easily come against your company. Of course, try as you might, it is difficult for any business to stay in full compliance with every law. Still, if someone believes that you or your company has violated any applicable laws for the area, you could end up contending with a lawsuit.

Even the placement of your building and its signage could have legal implications. Zoning matters are important to consider when building new structures or when taking over existing commercial property. Any changes your company makes could cause discontent with any residents nearby.

After going through all of the steps to create your revocable living trust, you want to make sure that it works for you in the best way possible. A trust is designed to hold your property for you, but it can't do it alone. You have to "fund" the trust for it to do its job.

Funding means transferring your assets into it. If you don't, they remain in your estate and subject to probate upon your death. In addition, if you become incapacitated, your trustee will not have the ability to step in and take care of your assets if they aren't part of your trust.

The pain and inconvenience of a car accident may be just beginning as emergency responders treat you on the scene or transport you to a New Jersey hospital. Depending on the severity of your injuries, you may be looking at thousands of dollars in medical bills, lost wages and serious financial struggles. Since New Jersey is a no-fault insurance state, you file a claim with your own insurer.

Just when you think things can't get worse, you learn that the insurance company has denied your claim for benefits. Perhaps this doesn't make sense to you. You are legitimately injured, and you purchased insurance for such situations. However, there are circumstances for which your insurer may rightfully deny your claim.

Now that you have taken the time to create and execute a revocable living trust, you may feel some sense of relief that your estate plan is in place. You have accounted for as many contingencies as you could, including the possibility that you could become incapacitated or pass away.

You were about to put your trust document into a safe place when it became clear that you still had more work to do in order to ensure that your trust does what you intend it to do. You need to fund your trust before it can fulfill your estate planning goals.