Blog Category: Estate Planning & Administration
Retitling of Assets is Critical to Your Estate Plan
Jun 17, 2021 | Written by: | Share
The estate-planning process is completed in several stages. Initially, I meet with clients to discuss their estate planning objectives. Next, I prepare draft estate plan documents for them to review....
Estate Planning to Protect the Family Legacy
May 5, 2021 | Written by: | Share
The legal practice area known as “Estate Planning” is quite broad. It includes the preparation of estate planning documents as well as the development of gift tax planning strategies designed to...
Estate Planning for the Modern Family
Apr 13, 2021 | Written by: | Share
Estate planning, like everything else affecting our lives, has evolved over time. The concept of the unlimited marital deduction (whereby a surviving spouse pays no death taxes on assets inherited...
Estate and Gift Tax Planning Basics
Mar 1, 2021 | Written by: | Share
There are two ways to transfer assets for estate planning and asset protection planning purposes. You (“Donor”) can either gift-transfer the assets to the beneficiary (“Donee”) during your...
Basic NJ Estate & Inheritance Tax Planning
Feb 25, 2021 | Written by: | Share
New Jersey has two death tax systems that are mutually exclusive: the estate tax and the inheritance tax. Prior to January 1, 2018, NJ levied an estate tax on the value of the gross assets of an...
Right-to-Die Law Passed in NJ
Apr 18, 2019 | Written by: | Share
The Aid in Dying for the Terminally Ill Act was signed into law on April 12, 2019. The law, which goes into effect on August 1, 2019, allows a terminally ill patient to make a request to receive...
The NJ Estate Tax Has Been Eliminated…Do You Still Need a Will?
Feb 1, 2018 | Written by: | Share
As of January 1, 2018, there is no longer any New Jersey estate tax, as per New Jersey P.L. 2016, c. 57. Many New Jersey residents have been asking, “Do I still need a will, since there is no need...
What Happens When You Don’t Have an Estate Plan?
Jun 16, 2017 | Written by: | Share
There are two ways in which your property can be apportioned to family and friends after your passing.
Premarital Agreements For People Over 50
Mar 13, 2017 | Written by: | Share
The rate of divorce for first marriages is approximately 40-50%[i]; that number jumps to an estimated 73% for second marriages[ii]. Now consider that the majority of New Jerseyans divorcing are over...
Charitable Trusts: How to Give to Charity and Your Family
Dec 15, 2015 | Written by: | Share
A charitable trust exists in three basic forms: a charitable lead trust, a charitable remainder trust, and a trust with a charitable beneficiary. Each trust provides for a different timing of when a...