Deathbed Transfers in New Jersey
Often times, a person who is on his or her deathbed will make gifts to family members in an effort to reduce the potential taxes owed. For transfers to anyone other than a charity, making gifts in a way that minimizes taxes is actually a very complex process. In deciding whether to make a gift, […]
The “Gift” of Health Insurance
I frequently come across clients who want to help their children financially, but they do not want to give them money directly. There are numerous ways to do this, including: gifting an interest in a limited liability entity (such as an LLC, an S-Corp or a limited partnership); making gifts to a child via a […]