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On Behalf of The Manna Helmy Law Group | Sep 30, 2025 | Inheritance And Estate Tax
New Jersey poses unique challenges for passing on your wealth. The Garden State still has an inheritance tax, despite the state estate tax ending in 2018. You must understand both the New Jersey inheritance tax and the federal estate tax if you have significant...
On Behalf of The Manna Helmy Law Group | Aug 22, 2024 | Estate Planning, Inheritance And Estate Tax
As we move through 2024, New Jersey residents may need to understand the current gift tax limits and exemptions. The Garden State does not impose its own gift tax, but residents must still adhere to federal gift tax regulations. The annual gift exclusions For 2024,...
On Behalf of The Manna Helmy Law Group | Jan 7, 2021 | Inheritance And Estate Tax
Most people dread the prospect of having taxes levied on their estate. While this event happens to few people, the amount that taxes can reduce an estate’s value by is significant. In New Jersey, though, not only could your estate face taxation, some of your...
On Behalf of The Manna Helmy Law Group | Feb 19, 2019 | Inheritance And Estate Tax
There are a few states that collect inheritance taxes after someone dies, and New Jersey is among them.If you are an heir to a deceased New Jersey resident, will you have to pay an inheritance tax on the assets you receive? Not necessarily. The inheritance taxAlso...
On Behalf of The Manna Helmy Law Group | Jun 13, 2017 | Inheritance And Estate Tax
Estate planning consists of more than drafting a will, establishing a health-care directive and appointing a durable power of attorney. Unfortunately, it also entails considering how various state taxes will affect your estate, which can determine the plans you decide...
On Behalf of The Manna Helmy Law Group | Apr 18, 2017 | Inheritance And Estate Tax
When it comes to estate planning, the decisions you make can affect the amount of capital gains tax that is assessed to your estate. Capital gains taxes can affect your beneficiaries tax situation and diminish your estate's value. High-value estates are particularly...
On Behalf of The Manna Helmy Law Group | Sep 6, 2016 | Inheritance And Estate Tax
Last month the Treasury Department proposed rules that could dramatically impact estate tax planning. Specifically, the Treasury Department is planning to limit, or even eliminate, the use of "valuation discounts" for closely-held companies, LLCs and other assets. The...
On Behalf of The Manna Helmy Law Group | Mar 22, 2016 | Inheritance And Estate Tax
New Jersey is one of the only states to have both an estate tax and inheritance tax. Currently, New Jersey has an estate tax rate of up to 16% on assets more than $675,000. Furthermore, New Jersey has an inheritance tax of 16% that applies to people other than...
On Behalf of The Manna Helmy Law Group | Jan 3, 2016 | Inheritance And Estate Tax
Many New Jersey families are interested in ways to reduce their estate tax obligation. While there are a number of ways to reach that goal, some are more creative than others and can benefit multiple members of the same extended family. An example lies in a practice...
On Behalf of The Manna Helmy Law Group | Dec 11, 2015 | Inheritance And Estate Tax
Many New Jersey families are looking for ways to reduce their estate tax burden. One option for married couples lies in using a bypass trust to hand down retirement savings. In order to make use of this tool, it is important to understand how these trusts work and how...
On Behalf of The Manna Helmy Law Group | Sep 30, 2025 | Inheritance And Estate Tax
New Jersey poses unique challenges for passing on your wealth. The Garden State still has an inheritance tax, despite the state estate tax ending in 2018. You must understand both the New Jersey inheritance tax and the federal estate tax if you have significant...
On Behalf of The Manna Helmy Law Group | Aug 22, 2024 | Estate Planning, Inheritance And Estate Tax
As we move through 2024, New Jersey residents may need to understand the current gift tax limits and exemptions. The Garden State does not impose its own gift tax, but residents must still adhere to federal gift tax regulations. The annual gift exclusions For 2024,...
On Behalf of The Manna Helmy Law Group | Jan 7, 2021 | Inheritance And Estate Tax
Most people dread the prospect of having taxes levied on their estate. While this event happens to few people, the amount that taxes can reduce an estate’s value by is significant. In New Jersey, though, not only could your estate face taxation, some of your...
On Behalf of The Manna Helmy Law Group | Feb 19, 2019 | Inheritance And Estate Tax
There are a few states that collect inheritance taxes after someone dies, and New Jersey is among them.If you are an heir to a deceased New Jersey resident, will you have to pay an inheritance tax on the assets you receive? Not necessarily. The inheritance taxAlso...
On Behalf of The Manna Helmy Law Group | Jun 13, 2017 | Inheritance And Estate Tax
Estate planning consists of more than drafting a will, establishing a health-care directive and appointing a durable power of attorney. Unfortunately, it also entails considering how various state taxes will affect your estate, which can determine the plans you decide...
On Behalf of The Manna Helmy Law Group | Apr 18, 2017 | Inheritance And Estate Tax
When it comes to estate planning, the decisions you make can affect the amount of capital gains tax that is assessed to your estate. Capital gains taxes can affect your beneficiaries tax situation and diminish your estate's value. High-value estates are particularly...
On Behalf of The Manna Helmy Law Group | Sep 6, 2016 | Inheritance And Estate Tax
Last month the Treasury Department proposed rules that could dramatically impact estate tax planning. Specifically, the Treasury Department is planning to limit, or even eliminate, the use of "valuation discounts" for closely-held companies, LLCs and other assets. The...
On Behalf of The Manna Helmy Law Group | Mar 22, 2016 | Inheritance And Estate Tax
New Jersey is one of the only states to have both an estate tax and inheritance tax. Currently, New Jersey has an estate tax rate of up to 16% on assets more than $675,000. Furthermore, New Jersey has an inheritance tax of 16% that applies to people other than...
On Behalf of The Manna Helmy Law Group | Jan 3, 2016 | Inheritance And Estate Tax
Many New Jersey families are interested in ways to reduce their estate tax obligation. While there are a number of ways to reach that goal, some are more creative than others and can benefit multiple members of the same extended family. An example lies in a practice...
On Behalf of The Manna Helmy Law Group | Dec 11, 2015 | Inheritance And Estate Tax
Many New Jersey families are looking for ways to reduce their estate tax burden. One option for married couples lies in using a bypass trust to hand down retirement savings. In order to make use of this tool, it is important to understand how these trusts work and how...
