News

In the News Press Release

Rick Sanders Quoted in Star-Ledger on "Gifting Money to Grandkids"

Publisher: The Star-Ledger
October 10, 2013

Rick Sanders is quoted in an October 10 "Biz Brain" column in The Star-Ledger, which addresses the best way to leave money to grandchildren. When considering leaving money through a will or establishing CDs, he says the latter could be problematic: "In the event that a grandchild predeceased you, if the CD were owned by the grandchild, its disposition would then be controlled by the grandchild's will -- if he or she is an adult who has a will -- or by the intestacy laws of the State of New Jersey if the grandchild had no will or was a minor." Rick continues, "You would thus lose control over the ultimate disposition of the funds if there was an unlikely order of deaths."

The full column can be found here.


Recommended
Related Professionals
Parsippany, NJ
T: (973) 966 8073