Special Needs Trusts and Supplemental Needs Trusts

Understanding the Differences Between Special Needs Trusts and Supplemental Needs Trusts

Posted Leave a commentPosted in Estate Planning, First Party Special Needs Trust, Florida, New Jersey, Pennsylvania, Self Settled Special Needs Trust, Special Needs Trust, Supplemental Needs Trusts, Third Party Special Needs Trust

“Special Needs Trusts” and “Supplemental Needs Trusts” are terms to describe trusts designed to provide benefits to a person in a way that will preserve the public benefits that he or she is entitled to receive. These types of trusts are most commonly created when a person has some sort of special needs or disability.  […]

Best Place To Die (From An Estate And Inheritance Tax Perspective)

The Best Place To Die (From An Estate And Inheritance Tax Perspective)

Posted 3 CommentsPosted in Estate Planning, Estate Tax, Farm, Florida, Inheritance Tax (相続税), New Jersey, New York, Pennsylvania, Tax Planning

Best place to die Several years ago, I wrote a few articles comparing the tax consequences of dying in New Jersey, New York, Pennsylvania and Florida.  Now that New Jersey has amended its estate tax laws, I thought I should write another post for 2017 regarding the best place to die. I will write this […]

NJ Tax Repeal How Does This Affect you

NJ Estate Tax Repeal: How Does This Affect You?

Posted Posted in Basis, Capital Gains Tax, Estate Planning, Florida, Income Tax, IRA, Medicaid, NJ Estate Tax, NJ Inheritance Tax, Snowbird, Uniform Trust Act

It’s official.  According to NJ.com, Governor Christopher Christie has signed a bill to repeal the New Jersey Estate Tax.  The new law is part of a larger package deal that increases the gas tax, reduces the sales tax slightly, gives the working poor a larger tax credit, gives a tax cut on retirement income and gives a tax […]