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Posts tagged "Gift Taxation"

Gifting Assets, Is it Wise?

Our latest Blog published on FamilyAffaires.com

There are many potential complications when you consider gifting assets during life-especially if you need long-term care such as that offered by an Assisted Living Facility or Nursing Home. The first thing to consider is the amount of your assets and your goals in preserving them. Read more.

Planning gifts to give heirs can maximize the value for grandchildren

As the economy continues to create financial struggles among families, the pressure on New Jersey grandparents to help not just their children but also their grandchildren continues to grow. However, the ways that grandparents choose to help can make a huge difference in their own future financial stability. In the worst case scenario, excessive or poorly planned gifts made to children or grandchildren can end up costing the grandparents and their heirs thousands or more in estate and gift taxes.

Estate planning in New Jersey on the rise as tax cuts expire

Several Bush era tax cuts are set to expire on Dec. 31, 2012. As Congress argues and debates about whether to extend the tax cuts or let them expire, New Jersey residents are left to figure out how to best protect their assets. Estate planning now may save thousands in tax dollars later.

Law Offices of Nancy M. Rice
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