While we shelter in place and watch our stock portfolios shrivel, there is a natural tendency to focus on our isolation and loss. However, the current economic downturn created by the COVID-19 pandemic presents a unique...more
Traditional estate plans written under pre-2017 tax laws may generate significant and unnecessary income tax liability for heirs.
The adoption of the 2017 Tax Act raised the federal estate tax exemption to approximately...more
From time to time, clients ask whether their estates will save on death taxes if they simply transfer title to their residence to family members while continuing to live in the residence until they die. We advise clients...more
On October 7, 2016, the New Jersey Legislature adopted a comprehensive tax package with important tax cuts, including an end to the estate tax by 2018.
Specifically, the legislation provides the following: -
The...more