Your Information source for wills, trusts, estate tax minimization,
powers of attorney, living wills, health care directives, special needs trusts,
asset protection, charitable giving, guardianship, succession planning,
retirement and estate administration. |
The most time-consuming aspect of estate planning is educating clients and dispelling common misconceptions that most people have regarding Wills, Trusts, Estate Taxes and Probate. Over the years, we have identified six recurring misconceptions which many of our clients carry with them into our first conference:
MYTH #1 – “I DON’T HAVE A WILL”
New Jersey law [...]
IRAs and qualified plans are great vehicles for saving for retirement. Contributions to the plans
are not taxed, and the assets inside the plan enjoy tax free reinvestment and accumulation. The
income tax is payable only when the assets are withdrawn from the plan.
Unfortunately, while IRAs and other retirement plans are great for retirement savings; they are
not [...]
Estate Planning for Non-US citizens
By Parag Patel Esq.
Non-US citizens (greencard holders or H-1 visaholders) are severely discriminated against by US estate tax laws.
Since estate taxes are based on the size of your estate. It is estimated that without proper planning, you will lose 15 percent to 75 percent of your estate, because the government will [...]