Estate planning gets more complex when you don’t hold U.S. citizenship. Resident aliens (green card holders), visa holders living in the U.S., and nonresidents who own U.S. property all face […]
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A spousal lifetime access trust (“SLAT”) is an irrevocable trust created by one spouse (the grantor spouse) for the primary benefit of the other spouse (the beneficiary spouse), often with […]
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Significant changes were recently made to the federal estate tax, and the amount of money a person can gift or bequeath without owing an estate tax. When you die, your […]
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Whether or not you need to file a federal estate tax return depends largely on the estimated value of the estate and the laws in place at the time of […]
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AN ESTATE TAX AUDIT by the IRS usually results from an estate tax return that either fails to comply with federal law or misstates information the IRS already has on […]
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The proceeds of a wrongful death action can be taxed by the NJ Division of Taxation. Care must be taken in structuring settlement agreements to reduce the overall tax if […]
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