The New Jersey estate tax was a hot topic this last year with New Jersey legislators primarily because of increased concerns about individuals approaching retirement and beyond who were leaving the state in order to avoid having a significant chunk of their estate paid out in taxes when they pass away. Many of these individuals[...]
We all know the holidays are the right time for sleigh riding, bell ringing, and tree trimming… but what about estate planning? https://gty.im/88749768 The Pittsburgh Post-Gazette recently suggested something I like to remind my clients of as well: the holidays truly are the perfect time to update an estate plan. Why? Two reasons, really: togetherness[...]
Paying your grandchildren’s (or adult children’s) college tuition is one of the greatest gifts you can make. The education lasts a lifetime and opens a world of opportunity for your grandchildren. In a way, it is like giving a gift to your children as well, since it alleviates their concerns about paying for their children’s[...]
Despite the fact that the federal government has rolled out a generous federal estate tax law, certain states still levy estate taxes on amounts much lower than the federal threshold. As a recent article explains, New Jersey is one of those states. (In the article states with an "estate tax" are one color, and those[...]