Category: Sophisticated Planning Techniques

COVID-19 Update For Your Advanced Health Care Directive

Hey everybody. It's Victor Medina with Medina Law Group. You know, as everybody knows, we've been battling with COVID and all of the challenges that it brings. One of the things that we've been focusing in our office though, is on the advanced healthcare directives. And as most of you know, those are the documents[...]

Last Minute Gift Tax Exemption Planning for 2012

Unless you've been living under a rock, the news has been dominated by discussion of the fiscal cliff coming at the end of the year. One of the elements of the fiscal cliff includes a rollback of the estate tax laws to 2001 levels. That means there will be federal estate tax due when you[...]

Sometimes You Don’t Want To Be Number One – New Jersey Leads Combined Federal & State Death Tax Rates

  One of the first consequences of the new estate tax law for 2011, the one raising the federal exemption amount to $5 million for an individual, was that financial advisors and planners were saying that "estate tax planning was OVER." There was going to be no need to think about estate taxes ever again[...]

Dotting the “I”s and Crossing the “T”s in the Family

A common tool for a sophisticated estate plan is the creation of a Family Limited Partnership (FLP) or Family Limited Liability Company (FLLC). Basically, these entities allow grantors to get a discount on the assets that they contribute to the FLP or FLLC. That discount is based on a number of factors, but two of[...]