5 Estate Planning Tips to Avoid Disputes

- By : P. Patel

Insert a no-contest clause When a will contest seems likely, an in terrorem clause may be beneficial. An in terrorem clause, also known as a “no-contest” clause, generally provides that a bequest will fail if the beneficiary initiates or participates

Mobility of Estate Plan Documents

- By : P. Patel

Many clients ask if they must re-do their estate plan when they move to a different state.  The answer is generally “no”.  A Will made in New Jersey or New York or Florida is likely going to be “valid” in

Short Lived Planning Opportunities for the Rest of 2012

- By : P. Patel

The current gift tax exclusion is scheduled to expire at midnight on December 31, 2012, bringing to an end the highest exemptions ever seen. Under current law for 2012, each person has the ability to gift or dispose of assets

A limited opportunity for generous gift tax exclusions

- By : P. Patel

The 2010 Tax Act is scheduled to expire on Dec. 31, 2012, at which time under current law the opportunities afforded under the 2010 Act will be lost. This article explores various tax planning opportunities created under the 2010 Act.

Six Estate Planning Myths

- By : P. Patel

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

Estate Planning For Women

- By : P. Patel

Estate planning affects women more profoundly, so they should take charge of this process, or at least be equal participants. Among Americans 65 and older, 42% of women, but just 14% of men, are widowed. Women’s longer life expectancy, combined with  their tendency

Estate Planning in the Electronic Age

- By : P. Patel

With the ever-growing  presence of online and electronic documents, records and accounts, it is becoming  essential to keep track of your passwords.   Consumers have had access to military grade cryptography for decades,  and while it offers an amazing level of

Charitable Remainder Trust: Frequently Asked Questions

- By : P. Patel

1. What is a Charitable Remainder Trust? A Charitable Remainder Trust is a special tax-exempt irrevocable trust arrangement written to comply with federal tax laws and regulations. You transfer cash or assets (especially appreciated assets) to the trust and may

New Tax Law Makes Significant Estate Tax Changes

- By : P. Patel

On December 17, 2010 President Obama signed into law the “Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010.” The new law: • Extends for two years the current income tax rates and other income tax rates commonly

Probate of Estates in New Jersey

- By : P. Patel

Estate administration in New Jersey is the process by which a deceased person’s property, known as the ‘estate,’ is passed to his or her heirs and legatees (people named in the will). Estate administration encompasses all assets of the decedent