When New Jersey business owners plan their estates, they may wish to leave both their business and non-business assets to all of their children. However, this can present a challenge if not all of the children are involved in the business. It may be difficult to leave...
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Help With Family,
Finances And The Future
Month: January 2013
New Jersey estate planning: Savings bonds subject to estate tax
It is a commonly held belief that property that passes outside of probate, such as savings bonds, is not subject to federal or New Jersey estate taxes. However, whether these assets are taxed or not depends on the value of the decedent's net estate and taxable gifts....
A New Jersey estate plan can treat blended families fairly
With nearly half of all marriages ending in divorce, there are many blended families throughout New Jersey and elsewhere. Parents who are raising children from more than one marriage may be concerned about how to draft an estate plan that includes everyone. While it...
Many parents cannot leave inheritance, study shows
It used to be a common practice for parents to leave an inheritance for their children, and many parents in the past took great care to do so. However, a recent study shows that inheritance practices in New Jersey and elsewhere are changing. As parents are living...