IRS Now Allows For 5 Year Estate Tax Portability Election

Estate Tax Portability Election | Pollock Firm

Under a new IRS ruling, a surviving spouse now has 5 years to make an estate tax portability election. The relevant IRS revenue procedure can be found here: Revenue Procedure 2022-32. The 5 year rule can only be used if an estate tax return isn’t otherwise required to be filed. What is Estate Tax Portability? […]

How a Trust Can Make a Private Loan to Save a Marriage

Trust Can Make a Private Loan | The Pollock Firm LLC

Recently, I wrote an article about how to use debt as a tool in estate planning. Today, I will provide you with a specific example of how to accomplish that by discussing how a trust can make a private loan to the beneficiary of the trust. Imagine this scenario. Mom and Dad die, leaving their […]

Elizabeth Ketterson Interview

Interview with Get Real! | The Pollock Firm LLC

We are proud to announce that Elizabeth Ketterson, Esq. has been featured on “Get Real!” with Meg Hanington and Genevieve E. Thayer. “Get Real!” is a program that focuses on various topics related to business and finance. The complete Elizabeth Ketterson interview can be found at: The focus of Elizabeth’s interview on “Get Real!” […]

NJ Allows Remote Online Notarization

Remote Online Notarization

On April 14, 2020, Governor Murphy signed a new law into effect to help during the pandemic. The new law in NJ allows Remote Online Notarization. Unfortunately, the law was not drafted for the purpose of signing estate planning documents… and it shows. Essentially, we can now notarize Wills, Powers of Attorney, Health Care Powers […]

Covid-19 Announcement

Covid-19 | The Pollock Firm LLC

To our valued clients and professional family: The Pollock Firm LLC shares your concerns about the ongoing Coronavirus (COVID-19) outbreak.  Since it is clear that, for the foreseeable future, we must all change how we lead our daily lives and interact with others, we wish to take a moment to discuss the impact on our […]