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On Behalf of The Manna Helmy Law Group | Nov 29, 2011 | Asset Protection
In our previous post, we started looking at an article discussing the effectiveness of self-settled asset protection trusts. Generally speaking, asset protection trusts are trusts set up for the purpose of avoiding or mitigating the consequences of divorce, taxation...
On Behalf of The Manna Helmy Law Group | Nov 25, 2011 | Asset Protection
A recent Forbes article took a look at the general effectiveness of asset protection trusts in light of a recent Alaska case in which a man who set up and funded an asset protection trust was unable to protect his assets from future creditors in bankruptcy.There are...
On Behalf of The Manna Helmy Law Group | Nov 23, 2011 | Inheritance And Estate Tax
As we have frequently mentioned on this blog, the current state of the federal estate tax and gift tax exemption is precarious. Through 2012, the lifetime combined exemption amount (for gift tax and estate tax) is set at $5 million, which is affording many people the...
On Behalf of The Manna Helmy Law Group | Nov 18, 2011 | Inheritance And Estate Tax
According to a new study conducted by the chief economist of New Jersey's Department of Treasury, wealthy residents are being driven out of the state because of high taxes. This, in turn, is slowing the rate of recovery in the state. According to Bloomberg Economic...
On Behalf of The Manna Helmy Law Group | Nov 16, 2011 | Inheritance And Estate Tax
A recent article in Forbes pointed out that changes to the state's Medicaid program may have a significant effect on existing estate plans and estate planning going forward. The new Medicaid regulation reportedly went into effect in early September, and will allow the...
On Behalf of The Manna Helmy Law Group | Nov 11, 2011 | Estate Planning, Inheritance And Estate Tax, Trusts
At present, several factors are combining to make for wonderful conditions for wealth preservation in estate planning. Those factors are favorable tax laws, a struggling economy, and low interest rates. Taking advantage of the current estate planning environmentAt...
On Behalf of The Manna Helmy Law Group | Nov 9, 2011 | Estate Planning, Inheritance And Estate Tax
When doing estate planning, it is important to remember that even those who are not liable for federal estate taxes, you still may be liable for state taxes at death. State taxes at death may be either estate taxes, inheritance taxes or both. Some states just impose...
On Behalf of The Manna Helmy Law Group | Nov 4, 2011 | Estate Planning
In our last post, we began discussing the documents you should have in place if you wish to avoid the possibility of family conflict down the road in regard to your estate plan. Without these basic documents in place, family may be left guessing-and disagreeing-about...
On Behalf of The Manna Helmy Law Group | Nov 2, 2011 | Estate Planning
Everybody knows estate planning can be a stressful thing for individuals. What is even more stressful, though, is the struggles and disagreements families go through because of inadequate estate planning. One of the things a good estate planning attorney should do is...
On Behalf of The Manna Helmy Law Group | Nov 29, 2011 | Asset Protection
In our previous post, we started looking at an article discussing the effectiveness of self-settled asset protection trusts. Generally speaking, asset protection trusts are trusts set up for the purpose of avoiding or mitigating the consequences of divorce, taxation...
On Behalf of The Manna Helmy Law Group | Nov 25, 2011 | Asset Protection
A recent Forbes article took a look at the general effectiveness of asset protection trusts in light of a recent Alaska case in which a man who set up and funded an asset protection trust was unable to protect his assets from future creditors in bankruptcy.There are...
On Behalf of The Manna Helmy Law Group | Nov 23, 2011 | Inheritance And Estate Tax
As we have frequently mentioned on this blog, the current state of the federal estate tax and gift tax exemption is precarious. Through 2012, the lifetime combined exemption amount (for gift tax and estate tax) is set at $5 million, which is affording many people the...
On Behalf of The Manna Helmy Law Group | Nov 18, 2011 | Inheritance And Estate Tax
According to a new study conducted by the chief economist of New Jersey's Department of Treasury, wealthy residents are being driven out of the state because of high taxes. This, in turn, is slowing the rate of recovery in the state. According to Bloomberg Economic...
On Behalf of The Manna Helmy Law Group | Nov 16, 2011 | Inheritance And Estate Tax
A recent article in Forbes pointed out that changes to the state's Medicaid program may have a significant effect on existing estate plans and estate planning going forward. The new Medicaid regulation reportedly went into effect in early September, and will allow the...
On Behalf of The Manna Helmy Law Group | Nov 11, 2011 | Estate Planning, Inheritance And Estate Tax, Trusts
At present, several factors are combining to make for wonderful conditions for wealth preservation in estate planning. Those factors are favorable tax laws, a struggling economy, and low interest rates. Taking advantage of the current estate planning environmentAt...
On Behalf of The Manna Helmy Law Group | Nov 9, 2011 | Estate Planning, Inheritance And Estate Tax
When doing estate planning, it is important to remember that even those who are not liable for federal estate taxes, you still may be liable for state taxes at death. State taxes at death may be either estate taxes, inheritance taxes or both. Some states just impose...
On Behalf of The Manna Helmy Law Group | Nov 4, 2011 | Estate Planning
In our last post, we began discussing the documents you should have in place if you wish to avoid the possibility of family conflict down the road in regard to your estate plan. Without these basic documents in place, family may be left guessing-and disagreeing-about...
On Behalf of The Manna Helmy Law Group | Nov 2, 2011 | Estate Planning
Everybody knows estate planning can be a stressful thing for individuals. What is even more stressful, though, is the struggles and disagreements families go through because of inadequate estate planning. One of the things a good estate planning attorney should do is...
