Advance medical directives, including living wills, are an important tool for individuals to ensure that their wishes are respected when they are no longer able to make decisions about their […]
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A power of attorney is a legal instrument which provides the legal authorization for a person you trust to act on your behalf if you become incapacitated. This trusted person, […]
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Estate planning provides several benefits that can help you protect your assets, your family, and your legacy.
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There is a right way and a wrong way to inherit intellectual property. When a person dies, their assets, including their intellectual property (IP), typically become part of their estate. […]
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There are many asset protection strategies to consider when seeking to protect assets from potential creditors. These strategies include utilizing: Advance Planning is Key Asset protection planning works best (if […]
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On June 27, 2022 the Uniform Electronic Wills Act (S2923) was introduced in the New Jersey Senate. The Bill has been referred to the Judiciary Committee and a similar Bill […]
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On June 2, 2021, the New Jersey Appellate Division (DOCKET NO. A-2663-19; Judge Moynihan) upheld the judgment of the trial court in holding that a trustee resigned his office when […]
Read the full postThe SECURE Act made sweeping changes to IRA distributions affecting estate plans for decedents dying on or after January 1, 2020. What Changed? The new law changed the required minimum […]
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In the only private letter ruling addressing incomplete gift, non-grantor trusts (“INGs”) in 2020, the IRS ruled that the subject trust was a non-grantor trust under section 671 of the […]
Read the full postNew Jersey has no effective estate tax, which means that transfers on death are not subject to a tax based on the amount being transferred. However, New Jersey still has […]
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