There is a federal estate tax that applies to those estates that are worth a significant amount. The exemption from the federal estate tax has increased continuously since 2002. Prior to 2002, the exemption from the federal estate tax was…
Category: Estate Planning
Remote Notary Law
Governor Murphy has signed a bill into law that now allows for remote notarial acts during the coronavirus pandemic emergency. This new law is effective immediately and will continue to be valid until the rescission of Governor Murphy’s Executive Order…
Seek Legal Advice before Gifting Assets
If significant assets are transferred to a child, then there will be a tax and estate planning ramifications from the transaction. The transfer of funds may prevent the parent from obtaining Medicaid assistance to pay for needed long-term care. In…
