When Gifting Real Estate in NJ, What is the Actual Date of the Gift?
We have clients who want to gift to their ownership in New Jersey Real Estate. These clients want to complete their gift in 2022. …
We have clients who want to gift to their ownership in New Jersey Real Estate. These clients want to complete their gift in 2022. …
Just divorced? Getting divorced? Been divorced and haven’t done anything about changing key documents? Obviously, I think it is important that you review your …
It’s great to inherit property but what if that gift brings with it a big string – a string of debt attached to it …
Sick of New Jersey’s high taxes and anti-business politics in the state legislature? Then join the growing list of ex-patriots leaving for Florida and …
This is the fourth and final article about beneficiary designation and NJ probate and estate planning. For non-retirement assets with beneficiaries correctly titled, your …
No one wants their life savings seized by creditors, but can you leave an inheritance to a child or loved one who has spending …
You may be eligible for a monthly check from the VA in many cases of between $1,200 and $3,252 per month (or more for …
This is the third post of a four part series on estate planning and beneficiary designations. I continue with my discussion of a beneficiary …
This is the second post on the subject of beneficiary designations and their importance in New Jersey probate and estate planning. Who Can Be …
The federal estate tax marital deduction is one of the most important estate planning tools available to a married couple. The basic marital deduction …
As you may be aware, the IRS allows tax deductions for qualifying charitable contributions. But the government has made charitable gifting a complicated area …
The majority of parents and grandparents set up their estate plans so that their children are significant beneficiaries. They also frequently distribute their assets …
Nursing home placement for veterans residing in NJ is available from two sources within the Federal Department of Veterans Affairs — the veteran’s health …
Estate planning can be especially important for those persons with international ties. Typically, international estate planning issues come up in two contexts. First, there …
If you think your estate planning is done once you have signed a will or trust, think again. All your hard work can be …
Owners of family businesses often look forward to the day they will be able to retire and pass on the business to their child …
Irrevocable trusts are beneficial for estate tax purposes. They allow you to place your assets into a trust, potentially avoiding additional estate tax when …
Many couples and spouses fail to get serious about estate planning until they are well into middle age. By then, one or both of …
When creating an estate plan, an important decision is selecting your fiduciary. By fiduciary, I mean the trustee under your revocable or irrevocable trust. …
When creating either (or both) an estate plan or a power of attorney, an important decision involves who to name as your fiduciary. By …
Under the tax code, the general rules applicable to income tax returns apply to annual gift tax returns. That is, a 3-year statute of …
New Jersey law allows a spouse to waive his or her right to inherit the estate of a deceased spouse. A spouse’s premarital waiver …
The decedent owned several joint bank accounts with his wife. He died intestate, meaning he died without a will or trust in place. Under New …
A long-standing rule about how many IRA-to-IRA “rollovers” a taxpayer can make in a single year has dramatically changed. Read this post to avoid …
Understanding how to benefit from and establish a Special Needs Trust (SNT) can be complicated and confusing. The rules governing their creation and administration and …
New Jersey is allowed to file a lien against the assets of a deceased Medicaid beneficiary. Generally, the only available asset is the person’s …
When the State considers an applicant’s eligibility for Medicaid, it meticulously examines the applicant’s finances to ensure that all resources are valued below the …
When I talk to some people about long-term care and Medicaid, I sometimes hear strong opinions that “it is wrong to transfer assets in …
Warning: Your Selection Does Matter When creating an estate plan, especially in your will and/or trust, an important decision you must make is the …
If a spouse dies and he or she does not leave their estate to a surviving spouse, the surviving spouse may, under NJ law, …