Estate planning often requires a lot of careful reflection, calculation, and communication. Along the way, there is room for various mistakes. Here we will look at a handful of examples. The most basic mistake in estate planning is to fail to do anything at all, even...
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Problem heirs require extra planning
On Behalf of The Manna Helmy Law Group | Sep 6, 2011 | Trusts
Inheritance can be a tricky issue in more than one way. There are often hard feelings and rivalry often at play in decisions about who gets what or how much and how they will spend or use their inheritance. There are also practical considerations concerning the...
In New Jersey, tax planning includes inheritance tax, P.2
On Behalf of The Manna Helmy Law Group | Sep 2, 2011 | Estate Planning, Inheritance And Estate Tax
In our previous post, we began discussing estate taxes in New Jersey, putting a special emphasis on New Jersey's inheritance tax.Tax planning is a large component of estate planning. In establishing an estate plan, it is important for residents of New Jersey to be...
In New Jersey, tax planning includes inheritance tax, P.1
On Behalf of The Manna Helmy Law Group | Aug 31, 2011 | Inheritance And Estate Tax
Though inheritance tax is something many New Jersey residents may not be aware of, it is part of the reality of estate planning in this state. Inheritance tax is basically a tax imposed on an estate based on who inherits the assets. New Jersey's inheritance tax is...
Top suggestions in basic estate planning, P.2
On Behalf of The Manna Helmy Law Group | Aug 22, 2011 | Estate Planning
In our previous post, we began looking at CNN Money's recommendations and advice concerning basic estate planning. Here we continue that discussion.In terms of where to start on an estate plan, begin by taking inventory of all your assets. Three questions are...
Top suggestions in basic estate planning, P.1
On Behalf of The Manna Helmy Law Group | Aug 22, 2011 | Inheritance And Estate Tax
On this blog, we often provide our readers with advice about simple estate planning and basic things to keep in mind when going through the process. CNN Money recently posted a top ten list of things to keep in mind regarding estate planning, along with a number of...
New judicial decisions concerning asset protection, P.2
On Behalf of The Manna Helmy Law Group | Aug 17, 2011 | Asset Protection
In our previous post, we began looking at several new developments in asset protection case law the first development we noted was a judicial decision from Virginia regarding fraudulent transfers. The case at issue in that decision involved a defendant company that...
New judicial decisions concerning asset protection, P.1
On Behalf of The Manna Helmy Law Group | Aug 15, 2011 | Asset Protection
We have previously written about asset protection planning on this blog, noting that it is an important adjunct to estate planning. The basic goal of asset protection planning is to protect the assets you leave to your estate from creditor's claims. Trusts and...
Same sex couples in NY see estate tax changes
On Behalf of The Manna Helmy Law Group | Aug 8, 2011 | Estate Planning, Inheritance And Estate Tax
As most of our readers are probably aware, New York legalized gay marriage last month, and as a result, there are now various changes in tax law for gay couples. As a recent New York Times article points out, the new rules will apply to all legally married gay couples...
Same sex couples in NY see estate tax changes, P.2
On Behalf of The Manna Helmy Law Group | Aug 8, 2011 | Estate Planning, Inheritance And Estate Tax
In our previous post, we mentioned that the New York Department of Taxation and Finance recently published new guidelines for same sex couples for understanding their rights and responsibilities under New York's recently passed marriage equality law.We began focusing...