The sun has risen again. How you and your family can benefit from a (legal) late portability election.
The concept of “portability” is still relatively new in the law of estate planning, having become available only after 2011. Since then, it’s been both a blessing (for its tax saving benefit) and a curse [...]
Avoid Multi-State Probate Pitfalls with a Comprehensive Estate Plan
Traveling between New York and New Jersey is a routine matter for many local residents. It’s even common to live in one state and work in the other. With this frequent movement between states, it’s [...]
Estate Planning That Expresses Who You Are
5 Things to Talk About with Your Family You intend to pass along your wealth through your estate plan, but what about your wisdom? Ensuring you accomplish both calls for a family meeting to have [...]
Retirement Account Management is a Critical Piece of Your Estate Plan
Many New Jersey residents invest the time, research, and resources necessary to create a detailed and integrated estate plan, but overlook one critical piece: disposition of retirement accounts. When retirement accounts aren’t included in the [...]
Money Isn’t Everything in Estate Planning
How to Pass Your Stories and Values to the Future Generations Money may be the most talked about wealth contained within a person’s estate, but the riches of their experience and wisdom can mean even [...]
Proving Age Discrimination Is Difficult
As baby boomers continue to work past retirement age, age discrimination lawsuits are becoming more common. Two out of three workers between ages 45 and 74 say they have seen or experienced age discrimination, according [...]
New Protections for Nursing Home Residents
New Obama-era rules designed to give nursing home residents more control of their care are gradually going into effect. The rules give residents more options regarding meals and visitation as well as make changes to [...]
The Use of Immediate Annuities in Medicaid Planning for Married Couples
Immediate annuities can be a useful tool to protect the spouse of a nursing home resident who applies for Medicaid. These types of annuities allow the nursing home resident to spend down assets and give [...]
DOL Announces That Fiduciary Rule Will Go Into Effect June 9
After initially delaying a rule intended to prevent financial advisers from steering their clients to bad retirement investments, the Department of Labor (DOL) announced that the rule will go into effect on June 9, 2017, [...]
There’s More to New Jersey Estate Planning than Writing a Will
If you have a will and it’s up to date, you’re a step ahead of most Americans. Data from various sources puts the percentage of adults in the United States who do not have wills [...]
How to Protect Your Child’s Inheritance from His or Her Untrustworthy Spouse
Parents who develop an estate plan often do so to provide for their heirs financially. Many want to make sure hard-earned assets, family heirlooms, or closely held businesses stay within the family. Indeed, a common [...]