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February 2013 Archives

New Jersey estate planning: A look at dynasty trusts

When people draft an estate plan, they are typically thinking about how to provide for spouses, children and grandchildren after their passing. However, it is possible to go a step further and include provisions in estate planning that can benefit many generations for years to come. New Jersey residents who wish to leave a lasting legacy may want to take a closer look at dynasty planning, which often includes having an irrevocable trust.

New Jersey estate planning: The time to review trusts is now

The new estate tax laws have had many in New Jersey and across the country taking a closer look at their estate plans. Anyone who included a trust as part of their estate planning documents may want to review it now, particularly if it is designed to minimize or avoid estate taxes. In some cases, the new laws render some trusts unnecessary. However, it is still helpful in certain circumstances to keep a trust.

Estate planning in New Jersey can still sidestep estate tax

As many New Jersey residents are aware, Congress recently passed the American Tax Relief Act of 2012 (ATRA), which permanently enforces estate tax rules. This means that many individuals with estates worth over $5.25 million, particularly if they run a family business, may want to focus on a new estate planning strategy in order to sidestep a sizable estate tax. Many can still take advantage of the methods previously used to reduce or avoid estate taxes.

New Jersey estate planning: Why appraisals are important

There are stories in the news and shows on television that feature people who buy something at an estate sale or thrift shop for a few dollars, only to discover that the item is worth a large sum of money. Situations like this often occur because family members give away or sell items from a relative's estate without being aware of their potential worth. New Jersey residents may avoid this type of situation by having their belongings appraised prior to completing their estate planning.

Law Offices of Nancy M. Rice
Representing clients in Ocean City and communities throughout New Jersey.


Law Offices of Nancy M. Rice
1236 Brace Road, Suite F

Phone: 856-673-0048
Fax: 856-673-0052
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Law Offices of Nancy M. Rice
Linwood Professional Plaza
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Linwood, NJ 08221

Phone: 609-398-3447
Fax: 856-673-0052
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