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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.
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.
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
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 addition to drafting a will, you may also […]
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.
No one is immune from the loss of mental clarity that may come with aging or from a health crisis. Granting someone you trust the power of attorney allows that person — known as your “agent” or “attorney in fact” — to pay bills, manage investments, or make key financial decisions if you are unable […]
Everyone knows (or should know) that the federal government taxes the income you earn. But, depending where you live and how you earn money, states may tax your income, too. […] Source: State Income Taxation – American Academy of Estate Planning Attorneys
Most people make estate planning gifts near the end of the year, but the beginning of the year is a better time to make gifts. Fewer than 1% of estates will be taxable under current law, so most of us don’t need to make gifts to reduce estate and gift taxes. But there are good […]
Drawing up the proper documents will ensure that your assets go where you want when you die. More than half of all American adults don’t have a will, and that can cause all kinds of problems if tragedy strikes. Source: 10 Essential Estate Planning Tips Everyone Should Know | Family Finance | US News