In our last post, we began looking at an article with suggestions for married couples about how they can avoid estate taxation, particularly in the event of death in the next couple years. Here we continue that discussion.In addition to taking advantage of the...
In 2011 and 2012, only individuals who die leaving an estate worth more than $5 million need concern themselves with federal estate taxes. Married person having an estate worth less than $10 do not have to pay estate tax. Those who have larger estates need to look...
A recent article in the Star-Ledger discussed the problems a convicted felon could potentially face in acting as the executor of a will. In short, while there are not, in New Jersey, any laws to prevent a convicted felon from serving as an executor, there may be some...
In our previous post, we began discussing an often overlooked aspect of Medicaid planning, namely caregiver agreements. We noted that the value of such agreements lies in their ability to prevent the recipient of health and financial management services from being...
According to sources, roughly 44 million adult caregivers provide some unpaid care to adults and seniors with disabilities. Those receiving services are elderly parents, disabled spouses, or another elderly family member. In these types of arrangements, family members...
In our last post, we spoke about the importance of considering all the options when setting up charitable gifts in one's estate plan. Here we want to suggest several specific gifting options available to donors. The following are some techniques to keep in mind for...
Estate planning can involve a number of strategies depending on the donor's specific situation and goals. One of those goals, for many individuals, is charitable giving. Charitable giving is something many people wish to do as they begin to form their estate plan....
The basic idea behind asset protection planning is the preservation of your life's savings, to ensure that the wealth you have accumulated will be available to pass on to those to whom you wish to leave it. What individuals may not realize is that many common...
Not all wills are complicated and difficult to carry out. Many individuals find themselves in the situation where a parent dies, leaving a simple will with very few assets. To take a simple example, a will left by a husband may leave the entire estate to the wife....
