Communicating with one's children can be difficult when it comes to serious issues, particularly issues of inheritance and estate planning. Sometimes people put the conversation off, thinking they will have time to do so later. Unfortunately, too many people do this...
Let Our Attorneys Provide The Legal Help Your Family Deserves
Ridgewood Estate Planning Blog
Despite uncertainty as to future of federal law, tax minimization opportunities abound
On Behalf of The Manna Helmy Law Group | Jun 6, 2012 | Asset Protection
In estate planning, everyone should be concerned about how to reduce to a minimum the tax liabilities of their plan. Not only is there gift and estate tax to be mindful of, but also income tax, generation skipping transfer tax, and inheritance tax in some states. A...
Durable power of attorney can prevent guardianships, conservatorships, P.2
On Behalf of The Manna Helmy Law Group | May 31, 2012 | Estate Planning
In our previous post, we began looking at durable powers of attorney and how they match up to guardianships. A power of attorney is a document giving another individual the legal authority to act on one's behalf. The scope of that authority can be general or specific,...
Durable power of attorney can prevent guardianships, conservatorships, P.1
On Behalf of The Manna Helmy Law Group | May 30, 2012 | Estate Planning
In early May, attorneys for the aging actress Zsa Zsa Gabor were set to appear in court for a hearing as to whether the aging celebrity should have independent management of her finances and health care. The hearing was requested by Gabor's daughter Constance...
Filing inheritance tax return can help minimize capital gains taxes
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,...
Capital gains tax considerations can pop up in estate planning
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,...
How to use trusts and LLCs for real estate in planning your estate, P.2
On Behalf of The Manna Helmy Law Group | May 18, 2012 | Trusts
In our last post, we began looking at how one can use trusts to protect real estate as part of the estate planning process. We already looked very briefly at irrevocable trusts, particularly Qualified Personal Residence Trusts, and the advantages they offer.Revocable...
How to use trusts and LLCs for real estate in planning your estate, P.1
On Behalf of The Manna Helmy Law Group | May 17, 2012 | Trusts
Protecting one's real estate assets is an important part of estate planning. Whether one is dealing with real estate connected to a business, rental property, or a personal residence, it is important to consider tools that allow for the protection of these...
Gary Coleman’s estate claimed by ex-girlfriend, ex-wife P.2
On Behalf of The Manna Helmy Law Group | May 11, 2012 | Probate, Wills
In our previous post, we began looking at a legal dispute over the estate of deceased actor Gary Coleman. As we noted last time, Coleman's ex-wife and an ex-girlfriend are both laying claim to his estate. The size of Coleman's estate is unknown, though court documents...
Gary Coleman’s estate claimed by ex-girlfriend, ex-wife P.1
On Behalf of The Manna Helmy Law Group | May 10, 2012 | Probate, Wills
Because it makes for interesting writing for this blog, we love to see estate disputes make headlines. Well, we don't love it exactly, as much as see it as an opportunity for discussing the important of cleaning up one's estate planning. Because, while few estate...