Past posts on this blog detailed the fact that New Jersey residents face the potential of their estate being subject to tax once they pass on. With proper planning, however, they may be able to limit that potential liability. Does the same hold true for federal estate...
Month: November 2020
Child guardianship and your estate plan
If you are setting up an estate plan, there are a number of different topics you need to explore, from the financial impact of choosing a particular type of estate plan to taxes and dividing assets among beneficiaries. However, if you are the parent of a young child,...
Estate planning can help recent Powerball winner and others
New Jersey residents may recall hearing about the 44-year-old Dominican immigrant who recently won the Powerball jackpot. According to northjersey.com, the man opted for a lump sum payment of approximately $211 million, which was reduced to $152 million after taxes....
Setting up wills should be at the top of New Year resolution lists
It is that time of year again. January is typically when New Jersey residents turn their backs on the past year and focus on goals for the next. While some New Year resolutions may seem trivial, estate planning goals are not. If you do not have a will – or have not...
Know when you need to update your estate plan
After creating your estate plan, you, like many people, might have thought you would have no need to update it frequently – or at all. If your relationships are stable and your plans for your assets are firm, you may see no point in making any changes. Yet, life...
COVID-19 Disclaimer
In light of precautions related to COVID-19 and recommendations by public authorities, we are limiting our contact with our clients to either telephone conferences or remote consultation. Please feel free to contact our office at or...