Tax Planning

2020 Tax Updates

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2020 Tax Update

The IRS has recently announced many 2020 Tax Updates. The inflation adjustment announcement can be found in Revenue Procedure 2019-44. This includes increases to the federal estate and gift tax exemption limits and increases to the contribution limits to retirement plans. The 2020 Tax Update also increases the income threshold for a small business to […]

Pet Trust

2019 Animal Law Symposium

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Animal Law Symposium

We are pleased to announce that Kevin A. Pollock has recently been added to the speaking panel for the 2019 Animal Law Symposium.  Kevin will be speaking about estate planning for pet owners, including the creation of pet trusts. He will also be discussing relevant income tax laws and NJ Inheritance tax laws that pertain […]

New Jersey

NJ Aid in Dying Law Goes Into Effect

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NJ Aid in Dying Law

New Jersey’s Aid in Dying law is officially allowed to go into effect. Last week I posted how a Mercer County judge temporarily halted the NJ Aid in Dying law from going into effect.  However, yesterday, that ruling was overturned by a New Jersey Appellate Court, and shortly thereafter, the New Jersey Supreme Court denied […]

New Jersey

Judge Temporarily Halts NJ Aid In Dying Law

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Aid in Dying Law

Breaking News On August 15, 2019, a State Superior Court Judge in Mercer County granted a request to halt NJ’s Aid in Dying Law from taking effect. The NJ Aid in Dying law is designed to allow terminally ill patients to end their own lives with the assistance of a medical professional.  Medically assisted suicide […]

Estate Planning

A Guide to Trusts for Children

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Trusts for children

When clients meet with an estate planning attorney, one of the biggest concerns that people have is that they do not want their children to receive too much money too early. Accordingly, they want to set up a trust for their children.  This is true even if the children do not have special needs or […]

Estate Planning

Florida Electronic Wills Soon To Be Legal

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Florida Electronic Will

According to the Wills, Trusts & Estates Prof Blog, Florida has enacted a new law authorizing the use of Electronic Wills effective January 1, 2020.  Florida is the fourth state to authorize the creation and storage of digital Wills.  However, in my opinion, there is still a lot of uncertainty surrounding the use of such […]