The Expensive NJ Inheritance and Estate Tax
...Inheritance Tax payable.. For decedents with a date of death prior to January 1, 2002 the New Jersey Estate Tax was designed to absorb the maximum credit for state inheritance,...
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2007 Year-End Tax Planning Tips
...eligible for a tax credit (but if you are subject to the AMT, the credit is not available). Donating used autos to charity If you are thinking of donating a...
Anna Nicole Smith: A Model for Bad Estate Planning
...planning. Forget the fact that you can’t visit a supermarket without seeing gossip about her life and death. When push comes to shove, Anna Nicole, the human being, was a...
Estate Planning for Families with Special Needs Children
...a child will vary depending upon the child’s age, competency, and other family considerations, the goal is always the same: parents want their estates utilized to enhance and enrich the...
Watch Out: The NJ Inheritance Tax
...decedents with a date of death prior to January 1, 2002 the New Jersey Estate Tax was designed to absorb the maximum credit for state inheritance, estate, succession or legacy...
Asset Protection Mistakes – 13 Tips
...than your spouse without a “buy-sell” or joint ownership agreement. 7. Don’t leave property, including life insurance and retirement benefits, directly to minor children. 8. Don’t operate a business as...
Estate Tax Marital Deduction: Don’t “Overqualify”
...later with the $2 million comprising her estate. After applying her unified credit, the estate tax bill will be roughly $600,000. Example (2). The facts are the same as above...