For many in New Jersey, the primary focus of their estate plans is to ensure that their families are taken care of in the event of their deaths. For married couples, the person best-suited to carry out one's wishes is usually the spouse. By centering estate planning...
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Month: May 2015
Estate planning and beneficiaries: Potential outcomes
On Behalf of The Manna Helmy Law Group | May 28, 2015 | Estate Planning
For many in New Jersey, the act of creating a comprehensive estate plan brings about a sense of relief in knowing that these matters have been addressed. With the right degree of effort, estate planning strategies can work wonders in ensuring that one's wishes are...
Basic steps to estate planning success
On Behalf of The Manna Helmy Law Group | May 23, 2015 | Estate Planning
Most tasks that people find onerous can be made easier by taking a step-by-step approach. This is true for purchasing a house, adding to one's family or planning a vacation. It is also true for estate planning, and many in New Jersey find it helpful to break down the...
Asset protection planning and intrafamily loans
On Behalf of The Manna Helmy Law Group | May 21, 2015 | Asset Protection
For those in New Jersey who have amassed a significant volume of wealth, a higher level of estate planning is often required. Once wealth has surpassed the estate tax exemption amount, currently $5.43 million per individual, more complex asset protection strategies...
Looking at the long term for wealth preservation
On Behalf of The Manna Helmy Law Group | May 15, 2015 | Asset Protection
When an individual is able to attain a high level of financial success but does not come from generational wealth, a lack of knowledge concerning complex estate planning is sometimes an issue. Many New Jersey families who have amassed first generation wealth are...
Even a simple estate plan should address digital assets
On Behalf of The Manna Helmy Law Group | May 13, 2015 | Estate Planning
When many New Jersey residents consider their estate planning needs, they focus on traditional types of assets. We think about retirement savings, investments, cash and property. Few people take the time to consider how less tangible assets, such as those that exist...
Has your estate planning approach passed its expiration date?
On Behalf of The Manna Helmy Law Group | May 10, 2015 | Estate Planning
For those in New Jersey who completed their estate plans many years ago, a sense of security is often present. These individuals and families know that they have taken the steps needed to ensure that their accumulated wealth will pass on to their chosen heirs as...
Older asset protection strategies may be obsolete
On Behalf of The Manna Helmy Law Group | May 8, 2015 | Asset Protection
Many New Jersey residents have taken proactive stances toward their estate planning needs and have had their documents in order for many years. This is admirable, especially considering the number of people who fail to address asset protection needs -- many of whom...
Could the estate tax soon be a thing of the past?
On Behalf of The Manna Helmy Law Group | May 2, 2015 | Inheritance And Estate Tax
The estate tax, also commonly referred to as the "death tax," is a popular subject among many in New Jersey, even though very few Americans are at risk of being subjected to the tax. People tend to hold strong opinions on the matter, and it is a prime example of a...
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