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."
Day Pitney Trusts and Estates Attorney Keith Bradoc Gallant was featured on the American College of Trust and Estate Counsel's (ACTEC) Trust and Estate Talk podcast episode "Practical Considerations in Dealing with Incapacity."
Day Pitney Litigation Partners Gregory Bruno and Alfred W.J. Marks authored "Don't Believe Everything You Read Online: Recent Sanctions Decision Offers Cautionary Tale of Generative AI Risks" for the New York Law Journal's Special Litigation Section.
The arrival of Melissa Rodriguez as a Trusts and Estates Partner in the firm's Miami office and the promotion of A. Michael Wargon, a Trusts and Estates Partner in the Boca Raton office, was highlighted in the Florida Bar News' On the Move column.