Estate Planning Is Not Just For Grown Ups
Dec 24, 2017
More recently, I have focused my outreach on young families. Quite simply, it is the demographic about which I feel most passionate. Q: What is the reality of being a parent? A: It is unlikely that a ...
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The Estate Tax May Be Almost Gone, but the Need to Plan Remains
Dec 24, 2017
According to his tax plan, Governor Phil Murphy does not plan to halt or reverse the repeal. There will no longer be a need for complex estate planning and gifting to avoid the estate tax at the state...
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Issues to consider before gifting your home to your child
Nov 25, 2017
Passing your house on to your children before your death offers some advantages, but there are pitfalls to avoid. Q: Why is timing significant when passing your home to your children? A: If your child...
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How to change an irrevocable trust
Nov 25, 2017
When dealing with irrevocable trusts the ability to effect change can be difficult to understand, presenting more questions than answers. The correct answers often depend on a variety of factors, but ...
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Beware the pitfalls of naming a minor as your beneficiary
Nov 25, 2017
A minor doesn’t have the right to manage his or her assets, including any inheritance. But sometimes a minor child becomes the beneficiary of a sizable family inheritance. That can occur because a par...
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Review your estate plan when you move across state lines
Nov 25, 2017
When you make a move out of state, be sure to review your estate plan with an estate planning attorney in your new domicile, as trust and estate laws have some differences from state to state. In most...
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Estate planning options for blended families
Nov 25, 2017
The dynamics of a blended family, defined as one where at least one spouse has at least one child from a prior marriage or relationship, can complicate financial and estate planning because no off-the...
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Medicaid's benefits for assisted living facility residents
Nov 08, 2017
Assisted living facilities are a housing option for people who can still live independently but who need some help. Please proceed to gain some information about Medicaid's benefits for assisted livin...
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Understanding the tax consequences of inheriting a Roth IRA
Nov 08, 2017
Passing down a Roth IRA can seem like a good idea, but it doesn't always make the most sense. Before converting a traditional IRA into a Roth IRA to benefit your heirs, you should consider the tax con...
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Steer clear of non-lawyers offering Medicaid planning services
Nov 06, 2017
As the U.S. population ages, more non-lawyers are starting businesses that offer Medicaid planning services to seniors. While using one of these services may be cheaper than hiring a lawyer, the ultim...
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