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On Behalf of The Manna Helmy Law Group | Jul 14, 2012 | Inheritance And Estate Tax
As our regular readers know, big changes are presumably in store for estate tax law for 2013. While each taxpayer currently has a $5.12 million lifetime federal estate/gift tax exemption, that number could drastically decrease if Congress doesn't take action by the...
On Behalf of The Manna Helmy Law Group | Jun 28, 2012 | Inheritance And Estate Tax
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...
On Behalf of The Manna Helmy Law Group | May 24, 2012 | Inheritance And Estate Tax
In New Jersey law, there are not only federal estate tax, gift tax and income taxes to consider, but also state estate taxes and inheritance transfer taxes. Inheritance tax is not due for certain types of beneficiary-specifically, father, mother, grandparents,...
On Behalf of The Manna Helmy Law Group | May 22, 2012 | Inheritance And Estate Tax
Tax implications are around every corner when it comes to estate planning. Not only is there estate and gift taxes to think about, but also income and capital gains taxes to consider. The way one disposes of items in one's plan can trigger different tax consequences,...
On Behalf of The Manna Helmy Law Group | Apr 3, 2012 | Estate Planning, Inheritance And Estate Tax
The unlimited marital deduction allows married persons to pass on as much of their wealth as they see fit, free of estate taxes. Taxes will eventually have to be paid on the property once the surviving spouse dies. There are, of course, a number of estate planning...
On Behalf of The Manna Helmy Law Group | Mar 9, 2012 | Inheritance And Estate Tax, Trusts
Minimizing estate and gifts taxes is an issue which is on the minds of a lot of those with estate plans. And minimizing estate and gift taxes is a central goal of estate planning attorneys, who employ a number of tools and approaches to get the job done.For those who...
On Behalf of The Manna Helmy Law Group | Mar 2, 2012 | Inheritance And Estate Tax
In our last post, we took a look at the Intentionally Defective Grantor Trust as a technique for minimizing estate and gift taxes. Another technique, also trust-based, is the Grantor Retained Annuity Trust (GRAT). GRATs can allow those who establish them to transfer a...
On Behalf of The Manna Helmy Law Group | Mar 1, 2012 | Inheritance And Estate Tax
Trusts can be a very valuable tool in estate planning, particularly with respect to estate and gift tax minimization. Various types of trusts can be established for this purpose, though the setup one chooses should be based on the particulars of their financial and...
On Behalf of The Manna Helmy Law Group | Jan 12, 2012 | Inheritance And Estate Tax
As we have mentioned on this blog in the past, the federal estate tax exemption amount, which is currently at $5 million through the end of this year, is set to decrease to $1 million if Congress takes no action. That means that, in 2013, those who die with estate...
On Behalf of The Manna Helmy Law Group | Jan 7, 2012 | Inheritance And Estate Tax
In our previous post, we began looking at the various changes set to take place in the income tax and estate/gift tax systems. These changes, which could be significant, should prompt readers-especially those who are wealthy-to review their estate plan to take maximum...
On Behalf of The Manna Helmy Law Group | Jul 14, 2012 | Inheritance And Estate Tax
As our regular readers know, big changes are presumably in store for estate tax law for 2013. While each taxpayer currently has a $5.12 million lifetime federal estate/gift tax exemption, that number could drastically decrease if Congress doesn't take action by the...
On Behalf of The Manna Helmy Law Group | Jun 28, 2012 | Inheritance And Estate Tax
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...
On Behalf of The Manna Helmy Law Group | May 24, 2012 | Inheritance And Estate Tax
In New Jersey law, there are not only federal estate tax, gift tax and income taxes to consider, but also state estate taxes and inheritance transfer taxes. Inheritance tax is not due for certain types of beneficiary-specifically, father, mother, grandparents,...
On Behalf of The Manna Helmy Law Group | May 22, 2012 | Inheritance And Estate Tax
Tax implications are around every corner when it comes to estate planning. Not only is there estate and gift taxes to think about, but also income and capital gains taxes to consider. The way one disposes of items in one's plan can trigger different tax consequences,...
On Behalf of The Manna Helmy Law Group | Apr 3, 2012 | Estate Planning, Inheritance And Estate Tax
The unlimited marital deduction allows married persons to pass on as much of their wealth as they see fit, free of estate taxes. Taxes will eventually have to be paid on the property once the surviving spouse dies. There are, of course, a number of estate planning...
On Behalf of The Manna Helmy Law Group | Mar 9, 2012 | Inheritance And Estate Tax, Trusts
Minimizing estate and gifts taxes is an issue which is on the minds of a lot of those with estate plans. And minimizing estate and gift taxes is a central goal of estate planning attorneys, who employ a number of tools and approaches to get the job done.For those who...
On Behalf of The Manna Helmy Law Group | Mar 2, 2012 | Inheritance And Estate Tax
In our last post, we took a look at the Intentionally Defective Grantor Trust as a technique for minimizing estate and gift taxes. Another technique, also trust-based, is the Grantor Retained Annuity Trust (GRAT). GRATs can allow those who establish them to transfer a...
On Behalf of The Manna Helmy Law Group | Mar 1, 2012 | Inheritance And Estate Tax
Trusts can be a very valuable tool in estate planning, particularly with respect to estate and gift tax minimization. Various types of trusts can be established for this purpose, though the setup one chooses should be based on the particulars of their financial and...
On Behalf of The Manna Helmy Law Group | Jan 12, 2012 | Inheritance And Estate Tax
As we have mentioned on this blog in the past, the federal estate tax exemption amount, which is currently at $5 million through the end of this year, is set to decrease to $1 million if Congress takes no action. That means that, in 2013, those who die with estate...
On Behalf of The Manna Helmy Law Group | Jan 7, 2012 | Inheritance And Estate Tax
In our previous post, we began looking at the various changes set to take place in the income tax and estate/gift tax systems. These changes, which could be significant, should prompt readers-especially those who are wealthy-to review their estate plan to take maximum...
