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On Behalf of The Manna Helmy Law Group | Jan 4, 2013 | Inheritance And Estate Tax
In our previous post, we began looking at the new fiscal cliff deal Congress came up with in the 11th hour, and the way it will affect estate planning in the coming year. As we noted, The same exemption amount will apply permanently, with adjustments for inflation,...
On Behalf of The Manna Helmy Law Group | Jan 3, 2013 | Inheritance And Estate Tax
We've been talking about the estate and gift tax exemption debacle on this blog for a number of months now, informing our readers about the changes that could come in the New Year, and trying to stay on top of any developments. Now that Congress has come up with a...
On Behalf of The Manna Helmy Law Group | Dec 12, 2012 | Inheritance And Estate Tax
The fiscal cliff. The fiscal cliff. Once more: the fiscal cliff. It's on everyone's lips lately, and political leaders in the U.S. are working to avoid it. As for a comprehensive solution, predictably Republicans and Democrats disagree. But there is one major aspect...
On Behalf of The Manna Helmy Law Group | Dec 10, 2012 | Inheritance And Estate Tax
Say you have a second spouse, and you want to ensure that he or she receives a significant amount of your estate after you die. Seems simple enough, right? Just include in your will the amount you want your spouse to inherit.But what if New Jersey residents also want...
On Behalf of The Manna Helmy Law Group | Nov 30, 2012 | Inheritance And Estate Tax
Our readers have probably heard the talk about the coming fiscal cliff in Washington. For those who are unaware of the debate, it basically involves the cumulative effect of various laws that would result in tax increases and spending cuts if left unchanged. The focus...
On Behalf of The Manna Helmy Law Group | Nov 28, 2012 | Inheritance And Estate Tax
Our regular readers know that we've spoken frequently about the upcoming changes in tax law that will impact estate planning in the coming year. The gist: tax bills on large gifts are set to increase substantially in 2013, which means now is an ideal time to do...
On Behalf of The Manna Helmy Law Group | Oct 11, 2012 | Inheritance And Estate Tax
Mitt Romney, in an effort to garner support from farmers in the Midwest, promised to abolish the estate tax earlier this week during a campaign in Iowa. As our New Jersey readers may know, the Bush-era tax cuts are set to expire at the end of the year, and there has...
On Behalf of The Manna Helmy Law Group | Aug 30, 2012 | Inheritance And Estate Tax
Our New Jersey readers have already heard about the upcoming expiration of the $5.12 million federal estate tax exclusion amount. That number will drop back down to $1 million if Congress fails to act by the end of the year. At this point, it isn't clear exactly what...
On Behalf of The Manna Helmy Law Group | Aug 8, 2012 | Inheritance And Estate Tax
In our previous post, we began looking at a case in which a court ruled to be invalid a trust amendment executed shortly before the death of a woman. That trust setup, as we noted, contained a formula clause intended to utilize the full exclusion amount and minimize...
On Behalf of The Manna Helmy Law Group | Aug 1, 2012 | Inheritance And Estate Tax
A recent probate case out of California demonstrates the importance of foresight in estate planning. In that case, a couple had set up a trust in order to minimize estate taxes, and made use of a device called a formula clause, which allows typically divided the...
On Behalf of The Manna Helmy Law Group | Jan 4, 2013 | Inheritance And Estate Tax
In our previous post, we began looking at the new fiscal cliff deal Congress came up with in the 11th hour, and the way it will affect estate planning in the coming year. As we noted, The same exemption amount will apply permanently, with adjustments for inflation,...
On Behalf of The Manna Helmy Law Group | Jan 3, 2013 | Inheritance And Estate Tax
We've been talking about the estate and gift tax exemption debacle on this blog for a number of months now, informing our readers about the changes that could come in the New Year, and trying to stay on top of any developments. Now that Congress has come up with a...
On Behalf of The Manna Helmy Law Group | Dec 12, 2012 | Inheritance And Estate Tax
The fiscal cliff. The fiscal cliff. Once more: the fiscal cliff. It's on everyone's lips lately, and political leaders in the U.S. are working to avoid it. As for a comprehensive solution, predictably Republicans and Democrats disagree. But there is one major aspect...
On Behalf of The Manna Helmy Law Group | Dec 10, 2012 | Inheritance And Estate Tax
Say you have a second spouse, and you want to ensure that he or she receives a significant amount of your estate after you die. Seems simple enough, right? Just include in your will the amount you want your spouse to inherit.But what if New Jersey residents also want...
On Behalf of The Manna Helmy Law Group | Nov 30, 2012 | Inheritance And Estate Tax
Our readers have probably heard the talk about the coming fiscal cliff in Washington. For those who are unaware of the debate, it basically involves the cumulative effect of various laws that would result in tax increases and spending cuts if left unchanged. The focus...
On Behalf of The Manna Helmy Law Group | Nov 28, 2012 | Inheritance And Estate Tax
Our regular readers know that we've spoken frequently about the upcoming changes in tax law that will impact estate planning in the coming year. The gist: tax bills on large gifts are set to increase substantially in 2013, which means now is an ideal time to do...
On Behalf of The Manna Helmy Law Group | Oct 11, 2012 | Inheritance And Estate Tax
Mitt Romney, in an effort to garner support from farmers in the Midwest, promised to abolish the estate tax earlier this week during a campaign in Iowa. As our New Jersey readers may know, the Bush-era tax cuts are set to expire at the end of the year, and there has...
On Behalf of The Manna Helmy Law Group | Aug 30, 2012 | Inheritance And Estate Tax
Our New Jersey readers have already heard about the upcoming expiration of the $5.12 million federal estate tax exclusion amount. That number will drop back down to $1 million if Congress fails to act by the end of the year. At this point, it isn't clear exactly what...
On Behalf of The Manna Helmy Law Group | Aug 8, 2012 | Inheritance And Estate Tax
In our previous post, we began looking at a case in which a court ruled to be invalid a trust amendment executed shortly before the death of a woman. That trust setup, as we noted, contained a formula clause intended to utilize the full exclusion amount and minimize...
On Behalf of The Manna Helmy Law Group | Aug 1, 2012 | Inheritance And Estate Tax
A recent probate case out of California demonstrates the importance of foresight in estate planning. In that case, a couple had set up a trust in order to minimize estate taxes, and made use of a device called a formula clause, which allows typically divided the...
