New Jersey Court rules on Trustee Resignation Letter
On June 2, 2021, the New Jersey Appellate Division (DOCKET NO. A-2663-19; Judge Moynihan) upheld the judgment of the trial […]
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When are the Proceeds of a Wrongful Death Action Includible in the Decedent’s Estate for Purposes of the New Jersey Estate and Inheritance Tax?
The proceeds of a wrongful death action can be taxed by the NJ Division of Taxation. Care must be taken […]
Read More TextSECURE Act Changes to IRA Distributions
The SECURE Act made sweeping changes to IRA distributions affecting estate plans for decedents dying on or after January 1, […]
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IRS Rules Under Section 2511 that Transfers to Irrevocable Trust are Incomplete for Purpose of Federal Gift Tax
In the only private letter ruling addressing incomplete gift, non-grantor trusts (“INGs”) in 2020, the IRS ruled that the subject […]
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How to take Advantage of Qualified Small Business Stock (IRC 1202)
With proper planning you can take advantage of Qualified Small Business Stock and avoid recognition of significant gain on the […]
Read More Text2021 New Jersey & Federal Estate Tax Update
New Jersey has no effective estate tax, which means that transfers on death are not subject to a tax based […]
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Making Time of the Essence in New Jersey Real Estate Contracts
In New Jersey, the timing of a closing or other happening is generally not a material condition to the purchase […]
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