It may not take New Jersey residents much imagination to believe that Walt Disney left behind a sizable estate. The children of Disney's deceased daughter were left an inheritance. However, one of Disney's grandchildren has yet to receive any of the money set aside for him.
RICE ELDER LAW ATTORNEY ANDREW L. MACKERER RECEIVES LL.M. (TAX) FROM TEMPLE
Cherry Hill, NJ - Rice Elder Law, a boutique Elder and Estates Law Firm with offices in Cherry Hill and Ocean City, New Jersey region, announced today that associate attorney Andrew L. Mackerer, Esq., received his LL.M. in Taxation from Temple University of Law's Graduate Program. Further, he achieved the highest GPA in the class and received the prestigious Tax Faculty Award. Mackerer is a practicing attorney at the Law Offices of Nancy M. Rice - a leading law firm in South Jersey specializing in elder and disability law, estate planning, probate and estate administration.
Minimizing conflict among children with estate planning
Many New Jersey parents are put in an impossible situation when it comes to leaving an inheritance to more than one child. Even if the estate is divided equally, conflicts could result. In order to minimize these conflicts, it may help to begin the estate planning process early.
New Jersey married couples can benefit from estate planning
Many people in New Jersey want to be sure their spouses and children are taken care of when they pass away or if they become incapacitated. Estate planning is the best, easiest way to ensure that happens. How simple or complex an estate plan is depends on each individual's circumstances and the level of control and protection a person desires.
How can New Jersey heirs get the most out of an IRA?
New Jersey residents often hear that it is important to keep beneficiary designations up to date on retirement accounts such as an IRA. However, not as much attention is given to making that designation in a way that helps heirs get the most out of the account. Below are two ways for an account holder to control how an heir will receive distributions from the account.
Estate planning does more than limit tax liability
Now that the federal tax exemption is over $5 million per individual, many people believe they no longer need an estate plan. However, limiting tax liability was never the main benefit for many people. Estate planning provides for loved ones the disposition of an individual's property and a guardian for minor children. It also provides for the health and financial well-being of a New Jersey resident in the event that he or she becomes incapacitated.
