By Kevin | Published December 9, 2022 | Posted in Estate Planning, Tax Matters, Wills & Trusts | Comments Off on Estate Planning & Inheritance Tax: What It Is; How Calculated & Who Pays It?
Estate Plan & Inheritance Tax: What It Is; How Calculated & Who Pays It? An inheritance tax is a tax imposed by only a few States on the recipients of inherited assets. In contrast to an estate tax, an inheritance tax is paid by the recipient of a bequest rather than the estate of the Read More
Read MoreNow is the time of year to review your matters to include retirement plans and estate plans. Potential updates as to your current professional and personal plans can be reviewed and then identified, based upon any life changes, to then address matters to include intended beneficiaries, authorized representatives and fiduciary appointments. Changes, amendments, codicils and Read More
Read MoreEnd of Year Approaching: Review, Revise, and Plan for your Business & Bring on the New Year! The end of the year (based upon your business/entity utilizing a calendar year end) presents opportunities to assess the current year AND plan for the next year based upon the year that has been. Analyzing the past year Read More
Read MoreDo You and or Your Business Need Life Insurance? Yes, is Usually The Answer Business life insurance is often used for buy sell agreements as well as other related bylaws or operating agreement provisions. Business life insurance can support your business financially if something happens to you, your other members or partners. There are several different types Read More
Read MoreNew Jersey Property Tax Assessment Appeals: Are You Paying Too Much? New Jersey 2023 Real Estate Property Tax Assessments Despite the ongoing real estate market activity, many real estate property owners in New Jersey may be paying more than their fair share of New Jersey Real Estate Taxes as a direct result of the market, economy and Read More
Read MoreNew Jersey Real Estate Property Tax Assessment Review: October 1st is Coming! New Jersey municipal and county tax assessors begin review of real property tax assessment values and valuations on and after October 1 of each year, based upon prior years sales and other data. Now is an opportune time to begin review of current Read More
Read MoreReal Estate Environmental Due Diligence in New Jersey: Commercial Industrial and Residential Buyers & Sellers Assess Now! Environmental due diligence in real estate acquisitions often only requires a Phase I Environmental Site Assessment. However, a Phase I addresses all appropriate inquiries of environmental conditions pursuant to federal standards, the State of New Jersey differs Read More
Read MoreCondominium & Home Owners Association: HOA Money Management (Assessments, Reserves & Other Funding) Money can be one of the most challenging matters for condo and HOA association members, boards and others. Members often times question and or challenge the association acquisition, management, allocation and distribution of association funds. Issues can include determination of amounts to Read More
Read MoreThe Fair Labor Standards Act: Wage & Hour Law and Compliance As an employer, you need to determine whether you and or your employees are subject to the Fair Labor Standards Act (FLSA), in order to determine compliance with same as to paying employees. The FLSA governs these areas involved in employee payment to include Read More
Read MoreCan You Arbitrate a Last Will & Testament? No! The New Jersey Courts held that arbitration clauses in Last Will & Testaments are not enforceable. Even if a Will has a very clear and specific arbitration clause as to any dispute regarding the interpretation and or administration of the Will, same has no legal effect Read More
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