Introduction to Estate Planning

- By : Parag Patel

…or her estate and is subject to his or her will or living trust. II. The Gift and Estate Tax Aspect To Estate Planning There are five basic tax concepts…

Estate Planning When a Spouse is Confronting Health Issues (Estate Planning for the Healthy Spouse)

- By : Parag Patel

…attorney can assist the community spouse in planning his or her estate when the spouse is confronting health issues. A. Asset Titling — Deeds, Bank Accounts, And Life Insurance Transfer…

Estate Planning Checklist

- By : Parag Patel

planning attorney with the information needed to make a similar analysis. 3. To help you evaluate your lawyer’s estate planning recommendations. The estate plan is your plan, not your lawyer’s,…

Estate Planning: Not Only for the Rich

- By : Parag Patel

…assets to make their heirs liable for estate taxes. In the United States, estate taxes are the highest and most progressive of the government’s tax rates where the highest estate

Estate Planning Discussions: difficult, emotional and stressful

- By : Parag Patel

…control over their personal affairs. To assuage this concern, we may emphasize that estate planning is about providing the estate owner more control, not less. Legal documents such as wills…

Estate Planning in a Recession

- By : Parag Patel

planning for incapacity – the advantages of estate planning in a down economy are less familiar. By making strategic estate planning decisions now, while asset values continue to drop and…

2009 Year-End Estate Planning News

- By : Parag Patel

The year 2009 was marked by many changes affecting estate planning and related areas on the local, national and international levels, against a backdrop of continuing uncertainty as to how—or…

Six Estate Planning Myths

- By : Parag 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…

Pre-immigration estate planning

- By : Parag Patel

Estate planning is essential for foreign nationals who are or will become subject to estate or gift taxation by the United States. The nature and extent of pre-immigration estate planning

Estate Planning for Families with Special Needs Children

- By : Parag Patel

…trust. The essence of all special needs estate planning is to ensure that the portion of the parents’ estate which passes to their special needs child at the time of…

Estate Planning for Non-US citizens

- By : Parag Patel

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…

Estate Planning New Year’s Resolutions

- By : Parag Patel

Review and Revise Your Estate Plan If you have already established a will, you should be aware that the laws that govern estate planning (such as power of attorney rules,…

Discriminatory Taxation: Greencard and H-1 Estate Planning

- By : Parag Patel

estate. It is estimated that without proper planning, you will lose 15 percent to 75 percent of your estate, because the government will take it. Estate taxes alone are 55…

Estate Planning for Non-Traditional Families

- By : Parag Patel

…minimize the federal estate tax, as the unlimited marital deduction only applies to heterosexual couples. Planning must also be done to minimize state estate taxes and state inheritance taxes if…

Allow Us To Prepare Your Estate Planning Documents Remotely

- By : Parag Patel

…to prepare and execute our client’s estate planning documents remotely. There is no need to meet in person, and we can safely have your estate planning documents remotely prepared and…

Estate Planning in New Jersey

- By : Parag Patel

Estate Planning in New Jersey You can save a lot of money and potential chaos and hard feelings among those closest to you by preplanning how you want your assets…

Estate Planning For Women

- By : Parag 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…

Top 7 Costly Estate Planning Mistakes and How To Avoid Them

- By : Parag Patel

…can benefit from a will or some other form of estate planning. Avoiding or reducing estate taxes, saving estate administrative costs, specifying who will receive your estate and protecting your…

Estate Planning and Life Insurance Trusts

- By : Parag Patel

…an estate plan, review your documents to ensure proper estate tax planning is in place. If you have no estate plan, you should talk to an estate planning attorney to…

Introduction to Special Needs Estate Planning

- By : Parag Patel

Special Needs Estate Planning focuses on the need to provide for the special needs of our loved ones with disabilities when we are no longer there to organize and advocate…

GRATS: A Great Estate Planning Tool

- By : Parag Patel

…These are “little to lose, lots to gain” tools that even people in their 80’s may want to use. ARE GRATs THE PERFECT ESTATE PLANNING TOOL? Of course not. Every…

Estate Planning: More Than A Will

- By : Parag Patel

…avoided. Thus, an integral part of anyone’s financial planning must be an estate plan. Traditionally, an estate plan was simply a will. However, with the growing medical needs of an…

ESTATE PLANNING: MORE THAN A WILL

- By : Parag Patel

…avoided. Thus, an integral part of anyone’s financial planning must be an estate plan. Traditionally, an estate plan was simply a will. However, with the growing medical needs of an…

2008 Year End Estate and Trust Taxes and Planning: Before It’s Too Late!

- By : Parag Patel

…Without proper planning, the estate tax can consume a substantial portion of your estate, leaving less property for your loved ones. 1. How Do I Know If My Estate Is…

Parag Patel to be Speaker for Estate Planning at Practicing Law Institute’s NJ Basic CLE Marathon 2021

- By : Parag Patel

…attorneys practicing in estate planning matters seeking to learn about common estate planning techniques, including New Jersey-specific instruction and tax minimization. Topics to be covered include: Durable power of attorney…

2008 New Year’s Resolutions: Keep your estate planning on the right track

- By : Parag Patel

Here are 10 things you can do in 2008 to keep your estate planning on the right track. 1) Last Will and Testament Make sure you have an up-to-date, professionally-prepared…

Year End Estate Planning Tips – Make Annual Exclusion Gifts

- By : Parag Patel

…tax exclusion. What is the purpose of these “estate planning” gifts? To reduce the value of the gift giver’s taxable estate. This year the annual gift tax exclusion is $13,000…

Anna Nicole Smith: A Model for Bad Estate Planning

- By : Parag Patel

Anna Nicole Smith rose to fame as a model for Guess Jeans and Playboy magazine. Now, her death has given her newfound fame as a great model for terrible estate

Evaluating the Special Needs Estate Planning Attorney

- By : Parag Patel

…practice? Can he/she provide references, other professionals who would recommend his/her expertise in Special Needs Estate Planning? What is the attorney’s commitment to completing a comprehensive assessment of your family’s…

Passwords and Estate Planning

- By : Parag Patel

The best way to address concerns raised by assets in the electronic age from an estate planning and estate administration perspective is to employ some practical advice: •Each spouse keeps…