Same sex couples in New Jersey, while they do have some of the same advantages as heterosexual couples, face unique challenges and issues that heterosexual couples do not. One example of this is that New Jersey, as our regular readers know, imposes an estate tax where...
The court appointed public administrator for the deceased copper heiress Huguette Clark is reportedly seeking to have recipients return $37 million in gifts. According to the administrator, Clark's caretakers took advantage of her feebleness and exerted undue...
In our last post, we began speaking about some of the steps one will need to take in winding up an estate. As we noted, the process can be overwhelming for those who've never encountered it, but a bit of planning ahead and knowing who to turn to for help can be a...
Probate refers to the legal process of winding up the estate of a deceased person. Because there are a number of steps to the process and the death of a loved one can be difficult, the probate process can be overwhelming, especially for those who've been appointed as...
In our last post, we began discussing some basic things parents should communicate to their children regarding their estate plan. As we noted, appointing an executor and informing them of their task is one thing that should be communicated. In addition to...
Many estate planning attorneys are expecting a last-minute rush on gift planning as the year draws to a close. That's because there is a good deal of uncertainty at this point whether the opportunities for planning now will be present in 2013. As our readers may have...
Communicating with one's children can be difficult when it comes to serious issues, particularly issues of inheritance and estate planning. Sometimes people put the conversation off, thinking they will have time to do so later. Unfortunately, too many people do this...
In estate planning, everyone should be concerned about how to reduce to a minimum the tax liabilities of their plan. Not only is there gift and estate tax to be mindful of, but also income tax, generation skipping transfer tax, and inheritance tax in some states. A...
