By Fredrick P. Niemann, Esq. of Hanlon Niemann & Wright, a Freehold, NJ Real Estate Attorney I was recently asked if there was a simple, ironclad way to transfer title to real estate in New Jersey to a 13 year old minor child. A “minor” means an individual who has not attained the age of […]
Category Archives: Estate Planning
Be Careful About How Often You “Roll Over” Your IRA
By Fredrick P. Niemann, Esq. of Hanlon Niemann, a Freehold, NJ Estate Planning Attorney A long-standing rule about how many IRA-to-IRA “rollovers” a taxpayer can make in a single year has changed, generally speaking. Read this post to avoid unnecessary taxes and penalties. A rollover means moving funds from one IRA to another. The longstanding […]
The Marital Deduction: A Valuable Estate Planning Tool
By Fredrick P. Niemann, Esq. of Hanlon Niemann, a Freehold, NJ Estate Planning Law Attorney The federal estate tax marital deduction is one of the most important estate planning tools available to a married couple. The basic marital deduction rule is that, upon the death of the first spouse, the value of any interest in […]
A Guardian or Power of Attorney Who Assumes a Duty to Care for a Person Over Age 60 Can Be Charged With Elder Abuse in New Jersey
By Fredrick P. Niemann of Hanlon Niemann, a Freehold New Jersey Elder Abuse Attorney Crimes against those who cannot realistically defend themselves are considered particularly offensive because of the one-sided nature of the relationship, especially in cases involving the aged and the disabled. One of the most common offenses involves endangering the welfare of the […]
The Bank Says I Need Guardianship for Mom
By Fredrick P. Niemann, Esq. of Hanlon Niemann, a Freehold, NJ Guardianship Attorney I hate the arrogance of many banks and brokerage firms. They often times make my professional life and that of my clients difficult, especially when it comes to Powers of Attorney (POA’s). Here’s an example of what we typically go through. A […]
Sick of New Jersey’s Obscene Taxes? Then Consider Changing Your Domicile to Florida
By Fredrick P. Niemann, Esq. of Hanlon Niemann, a NJ Elder Care Attorney Sick of New Jersey’s high taxes and anti-business politics in the state legislature? Then join the growing list of ex-patriots leaving the garden state for Florida and the Carolinas. The most important factor in determining when your domicile has changed from New […]
Health: The Use of Discretionary Trusts to Protect Assets From Creditors and the IRS
By Fredrick P. Niemann, Esq. of Hanlon Niemann, a Freehold, NJ Asset Protection and Trust Attorney No one wants their life savings seized by creditors, but can you leave an inheritance to a child or loved one who has spending and creditor problems or has a huge unpaid bill to the IRS? The answer is […]
Can a Person With Alzheimer’s or Advanced Dementia Legally Sign a Last Will Before Death?
By Fredrick P. Niemann, Esq., of Hanlon Niemann, a NJ Alzheimer’s and Dementia Attorney If an adult in NJ is legally incompetent and does not have an existing Last Will, is there a process for having a Will prepared or does the estate of the Alzheimer’s patient follow NJ’s Intestate laws? This question and the […]
2014 Overview to Federal Estate, Gift and Generation Skipping Taxes
By Fredrick P. Niemann, Esq. of Hanlon Niemann, a NJ Estate Planning Law Firm The Federal government through the IRS imposes three different types of tax on the transfer of wealth from one individual to another, namely: (1) estate, (2) gift, and (3) generation skipping transfer taxes. New Jersey has its own separate state death […]
REVOCABLE–VS- IRREVOCABLE TRUSTS: CAN THEY BE CHANGED IF THE MAKER CHANGES THEIR MIND?
By Fredrick P. Niemann, Esq. a New Jersey Estate Planning Attorney As you may know, a revocable trust can be changed by its creator at any time. The issue is whether the settlor of an irrevocable life insurance trust and a qualified personal residence trust can modify the trusts’ beneficiary designations. It is well settled […]