IRA Stretch Trust

Reasons to set up a Third Party Supplemental Needs Trust as an Accumulation IRA Stretch Trust

Posted Leave a commentPosted in Income Tax, IRA Stretch Trust, Special Needs Planning, Special Needs Trust, Third Party Special Needs Trust

In a previous post, I described the Reasons to Set up a 3rd Party Supplemental Needs Trust as an Irrevocable Life Insurance Trust.  The same Third Party Supplemental Needs Trust can also be set up as an IRA Stretch Trust. If a Special Needs person is named as beneficiary of an IRA, 401k, 403b or any other […]

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, 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 […]

The Situs of a Trust

Income Taxation of Trusts – Determining Which State Can Tax the Trust

Posted Posted in Income Tax, New Jersey, Pennsylvania, Trusts

Determining the situs of a trust (i.e. the residence of a trust) is not always an easy matter.  Each state has its own rules regarding whether a trust is a “Resident Trust”.  These rules are oftentimes different from the tax rules. In some states these rules have been challenged in Court as unconstitutional, where the […]