Federal Estate Tax Portability

Federal Estate Tax Portability | Pollock Firm LLC

Historically in America, each citizen and permanent resident had a certain amount of assets that they could pass on to their heirs free of an estate tax. This amount is known as the federal estate tax exemption. In 2010, the government passed a law allowing for federal estate tax portability. Federal estate tax portability enables […]

Why Florida Probate Can Be Difficult

Why Florida Probate Can Be Difficult

When deciding whether or not to do a Will package or a Revocable Trust package, many of my Boca Raton, Florida clients will ask why choose one over the other.  Among the many benefits that a Revocable Trust has over a Will is the ability to minimize or even avoid probate.  This leads to the obvious question of: Why […]

What is the first thing an executor of a Will should do?

executor of a Will

I am happy to announce that we have finally finished creating a series of short videos regarding the estate planning and estate administration process.  Here is our second video in which Elizabeth Ketterson, Esq., the Director of our estate administration department, is being interviewed by Kevin A. Pollock, Esq., LL.M. regarding the first things a […]

What Happens to My Facebook When I Die? : How to Choose a Facebook Legacy Contact

Facebook Legacy Contact

It’s probably not surprising to learn that Facebook has become the most widely-used social media outlet in the world, boasting over 2 billion active users as of late 2017(1). The social networking giant is unique in that it caters not only to the younger Gen-X & Millennial demographics, but also to those born before: 79% […]

Terry Pratchett’s Executor Destroys Unpublished Work of Author

Terry Pratchett

As a fan of the works of Author Terry Pratchett, in particular Going Postal and Making Money, I got a chuckle out of this story in the New York Times.  As some of you are aware, Terry Pratchett died in 2015.  One of his last wishes was that all of his unpublished works be destroyed by […]

Will the New Jersey Estate Tax Repeal Become Permanent?

New Jersey Estate Tax Repeal

New Jersey Estate Tax As most of my estate planning clients are aware, I have been very cautious regarding whether or not New Jersey will keep a $2,000,000 estate tax exemption beyond 2017 or allow for a full repeal. However, it is worth noting that the front-runner for Governor, Phil Murphy, released part of his […]

NJ Has Finally Released 2017 Estate Tax Return and Calculator

As I know many of you have been waiting anxiously, I wanted to make sure that you are aware that the New Jersey Division of Taxation has finally released the 2017 Estate Tax Return form.  They have also released an estate tax calculator so that we can accurately prepare the return.  The NJ 2017 Estate Tax […]