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...
Let Our Attorneys Provide The Legal Help
Your Family Deserves
Inheritance And Estate Tax
Will the inheritance tax laws in New Jersey affect you?
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...
How does New Jersey inheritance tax affect your estate?
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...
How can I protect my estate from capital gains taxes?
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...
Potential federal rules could have major estate tax implications
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...
Is relocation the answer to avoiding New Jersey estate and inheritance taxes?
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...
An unusual approach to estate tax planning
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...
A bypass trust can reduce estate tax obligation
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...
How insurance policies can trigger estate tax
On Behalf of The Manna Helmy Law Group | Oct 16, 2015 | Inheritance And Estate Tax
When creating an estate plan, many New Jersey residents consider whether life insurance is a useful tool. Life insurance can provide wealth to the loved ones left behind, and can make it far easier for them to maintain their quality of living as they adjust to their...
Estate planning across the decades
On Behalf of The Manna Helmy Law Group | Jul 9, 2015 | Inheritance And Estate Tax
As a New Jersey resident ages, he or she will have different estate planning needs. Understanding those needs can help ensure that a proper estate planning approach is put to use, and that one's needs are being properly addressed. While there is no such thing as an...
- Asset Protection (53)
- Estate Planning (363)
- Inheritance And Estate Tax (92)
- Medicaid Planning / Nursing Home Planning (49)
- Probate (54)
- Trusts (35)
- Wills (24)