New Jersey Estate Planning

Estate Planning: Three Things To Consider When Choosing An Attorney.

March 13, 2014

You’re ready to do some estate planning – a Will perhaps, or a Trust-related matter.  You need to find a lawyer.  There are certainly many attorneys from whom to choose.  But how do you pick the right one? The following guidelines may help you in your search. 1. It’s always a good idea to work […]

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Minimizing New Jersey Estate Taxes – Is a “Credit Shelter Trust” right for you?

August 25, 2012

Married couples with children or other loved ones to whom they wish to leave assets should seriously consider including Credit Shelter Trusts in their Wills.   Currently, in New Jersey, every person can bequeath assets of up to $675,000 in his/her Will without incurring any NJ estate taxes.  In the case of a married couple, […]

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A Team Approach to Financial Security

February 17, 2012

A successful estate plan is built on the collaboration of several professions working together to ensure that your goals and wishes are properly implemented.  Your team should include a CPA, a financial advisor, an insurance professional and an attorney specializing in estate planning and tax law.  The team of professionals you select should work well […]

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Estate Tax Philosophies of the 2012 Presidential Candidates

February 14, 2012

The current estate, gift and generation skipping transfer tax laws are set to expire at the end of 2012.  The President and Congress will have to decide whether they extend the current laws or implement new laws. Politicians have been arguing about the value of the “death tax” for many years.  The U.S. Department of […]

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Politics and Estate Taxes

February 13, 2012

Estate Taxes Change with New White House Administration With each new administration in the White House and new Congress there are new tax laws and changed agendas.  In 1937 whenAmerica’s first billionaire John D. Rockefeller died, the estate tax was 70%! Estate taxes have fluctuated over the years but have decreased over the last decade […]

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New Jersey Civil Union Partners Exempt from Transfer Inheritance Tax

February 10, 2012

Each state has its own laws relating to estates and each state imposes different taxes. In New Jersey there is a transfer inheritance tax on transfers of property having a value of $500.00 or higher.  The inheritance tax must be paid within eight months of the death of the decedent. When a decedent transfers property […]

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The Will: Family Secrets Revealed

February 9, 2012

There is a television program airing on Oprah Winfrey’s new network called “The Will: Family Secrets Revealed”. The title alone should inspire people to get their estate plans in order and avoid litigation over an estate but if the title doesn’t do it, watching just one show will probably have you picking up the phone […]

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Estate Litigation can be Complex

February 3, 2012

The Hadley case inRhode Islandwhich was decided in 2005 is a well-known case for good intentions gone awry in estate planning. Art Hadley created a trust for his adult children and his wife. When he died his wife established a trust of her own which named their children as beneficiaries along with common provisions in […]

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Lawsuits Filed Against an Estate

February 2, 2012

In our last post we discussed people who make claims against an estate as a beneficiary. It is also possible for a lawsuit to be filed against an estate.  Lawsuits occur against estates for a variety of reasons. One example is a lawsuit filed against the estate of a reckless driver who passed away as […]

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What is a Claim against an Estate?

February 1, 2012

Claims Made Against Estates When someone claims an asset in an estate belongs to him/her but it is not left to him/her in the will or any trust document, he/she may make a claim against an estate. Similarly, if a person is owed money from the decedent or if a person wants to sue the […]

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