Tax & Corporate Lawyer Blog
• • • • • •New Jersey | New York
Leaving A Legacy: Why Everyone Needs An Estate Plan | Bankrate.com
Establishing an estate plan can help you prepare for the future and leave a legacy for the people you love. Your estate is the accumulation of everything you own: your car, real estate, checking accounts, savings accounts, furniture, life insurance, investments, and...
You work hard for your family, and you owe it to yourself to secure your legacy, and your peace of mind, by setting up a proper estate plan.
Attorney Barry Gardiner can strategize the best means for transferring your assets, minimizing taxes, establishing guardianship for your children, caring for your pets, supporting personal philanthropic causes and protecting your loved ones.
3 Steps To Financial Fitness In Your Thirties
You work out to be health, here are three moves for financial fitness in your thirties. How to get a handle on your debt, start building wealth and stay on track for financial independence. Fiscal Fitness is sexy, so get your finances in shape.Source: 3 Steps To...
About Asset Protection Plans | The Balance
Asset protection means keeping your property safe from being taken by someone who wins a lawsuit against you. It can range from a lawsuit related to a negligent act that you performed, such as causing a car accident, to a lawsuit related to the foreclosure of property...
Estate tax planning, income tax and gift tax all play roles in choosing how to structure and create your estate plan.
New Jersey and New York Estate Planning Lawyer Barry L. Gardiner can help with all aspects of trusts and estate issues, to help you preserver your family’s wealth for future generations.
How to make your family’s life easier if you die | Haven Life
Estates aren’t only for the super-rich. Understand how simple estate planning strategies can help make your family’s life more comfortable, and potentially less expensive, if you die.Source: How to make your family’s life easier if you die | Haven Life
Why Most People Need an Estate Plan – MarketWatch
If you die intestate (without a will), the laws of your state determine what happens to your assets and your minor children. So unless you have an inordinate amount of faith in your beloved state legislature, you need a written will to make your wishes known. In...
Special Needs Trusts: What They Do And How They Work
There are many reasons why the parents of special needs children should plan their estates carefully, even though their assets may not be anywhere close to exceeding their estate tax lifetime exclusion of $11.18 million for 2018 (double for married couples).Source:...
Tax-Efficient Retirement Withdrawal Strategies
Tax efficiency is a top concern for people with retirement savings, since it’s a guaranteed way to improve your wealth. Most retirement savings are qualified which means they are subject to RMDs (Required Minimum Distributions) and income taxes. We’ll cover some big...
Gifting can be a great tax strategy.
One tax strategy to minimize, or avoid, federal estate and gift tax is to distribute your property incrementally, as gifts during your lifetime. As of 2018, you may give away as much as $15,000/year without incurring gift taxes.