Your kitchen counter has become your child’s home office, your oriental rugs are covered with Legos that you can’t see, and a basketball hoop blocks your view of the TV. ...more
While we shelter in place and watch our stock portfolios shrivel, there is a natural tendency to focus on our isolation and loss. However, the current economic downturn created by the COVID-19 pandemic presents a unique...more
Digital assets are owned by almost everyone. Unfortunately, most of us have not planned for future management of those assets by our family....more
Primum non nocere. "First do no harm" has been promised by medical students since the fifth century B.C. But times have changed....more
“Gray divorce” is on the rise. In 2017, the Pew Research Center reported that the divorce rate for Americans over age 50 has doubled in the past 25 years, and for those over 65, it has tripled....more
Traditional estate plans written under pre-2017 tax laws may generate significant and unnecessary income tax liability for heirs.
The adoption of the 2017 Tax Act raised the federal estate tax exemption to approximately...more
One of the biggest missteps of clients is to create a trust without communicating its purpose with the adult beneficiaries. Without guidance from the client/grantor and his or advisors, beneficiaries sometimes become...more
From time to time, clients ask whether their estates will save on death taxes if they simply transfer title to their residence to family members while continuing to live in the residence until they die. We advise clients...more
On October 7, 2016, the New Jersey Legislature adopted a comprehensive tax package with important tax cuts, including an end to the estate tax by 2018.
Specifically, the legislation provides the following: -
The...more
On July 17, 2016, New Jersey’s version of the Uniform Trust Code became effective. The objective of the Uniform Trust Code, which has now been enacted in approximately 30 states, is to provide more certainty for...more