New Jersey repealed its estate tax in 2017 but has retained its inheritance tax. This tax varies from 0% to 16% with rates that increase when the number of inheritances increases. The government decides a specific tax rate for every beneficiary. Who receives the...
Estate Planning & Probate
Protecting a child’s inheritance
Ensuring that your wealth isn't exposed to creditors, divorce or taxes can be achieved by registering a legal trust. Every estate is subject to liabilities, but there are legal ways to reduce or eliminate your financial risks. One of the great risks that estate owners...
Sheltering your assets through an LLC
Your estate planning in New Jersey may include a successful business in your possession. Estate owners need to plan every detail of their estates for a legal transfer. The success of a business doesn’t inherently continue without its original owner. Only when a...
Are changes to your estate plan needed?
While it may take some effort, completing an estate plan could be worth all the work. Estate plans and their corresponding documents establish directives and guidance to family members and others under various circumstances. For example, a last will and testament...