In 2019, the State of New Jersey quietly updated the law with respect to the appointment of a Funeral Representative. Under the old law, in order to designate a Funeral Representative, the only way to do so was by inserting a provision in your Will. The new law allows a person to designate a Funeral […]
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 […]
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 […]
Creating an estate plan for clients who are in non-traditional relationships or are part of a blended family can be very tricky. Why is Estate Planning for Non-Traditional Couples So Tricky? Let’s assume a hypothetical fact situation where you have a women (Jane) with $4M in assets. She is a widow and has 2 children. […]
New Jersey may be getting a lot tax friendlier for small business owners. I hesitate to even write this blog post, as I generally prefer to wait until legislation is actually passed before I write on a topic (mainly because it is a waste of everyone’s time to read about something that may never come […]
Effective January 1, 2018, New Jersey repealed its estate tax. The question then become how does this affect you and do you need to do anything about it? For most people the change is a positive one because it means their heirs pay less taxes and they do not need to do anything to update […]
A Disclaimer Trust is a special type of trust often created under a Will (or as a sub-trust of a revocable living trust). In order to understand Disclaimer Trusts, you first need to understand what a disclaimer is and what happens when you make a disclaimer so that you can understand the purpose and mechanics of Disclaimer Trusts. […]
“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. […]
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 […]