When you're getting older and want to make sure that your estate is not so large that you face taxes, one of the options is to take advantage of the gift tax. The gift tax allows you to give gifts to others up to an allowable amount annually. You don't have to report...
Month: January 2020
Is it time to create an estate plan?
Estate planning is an important part of growing older. As you age, you start to collect more assets, develop relationships with others and gain the understanding that you won't always be here. You want to leave assets behind to those you love and to protect yourself...
You could easily make one of these estate planning mistakes
There are people who spend a lot of time on the estate planning process, as well as those who put it off for as long as they can. Regardless of your current situation, it's critical that you take steps to prevent estate planning mistakes. One mistake can cost you...
What is the New Jersey estate tax?
An estate plan directs where a person wishes their wealth and assets to go, such as to their loved ones, friends and charities after death (also known as, the decedent). However, there is another place the estate assets may be sent depending on the organization and...