Jersey… Wrong? Exodus of the Millennials

NJ Inheritance Tax

In the past, much has been written about retirees leaving New Jersey in record numbers for multiple reasons — estate tax, inheritance tax, cost of living, population density, weather, and even marijuana legalization. However, now in 2016, it is millennials — that is, individuals between the ages of 18 and 34 — who are leaving the Garden State en masse.

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N.J. Estate Tax versus Federal Estate Tax

Inheritance-Tax-Estate-Tax-New-Jersey-Estates-Trusts-Wills-Probate

If you live in New Jersey and are planning your estate, you may be wondering how the N.J. and federal estate taxes will affect your heirs. Unfortunately, N.J. has both an inheritance tax and an estate tax. Furthermore, the state’s estate tax exemption limit is quite low when compared to the rest of the states in the union. State exemption limit

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What is Happening to New Jersey’s Estate Tax?

Estate-Tax

There has been a lot of talk lately about recent developments with New Jersey’s estate tax, and I wanted to pass on a quick update for this month’s newsletter. As you’ve read here before, New Jersey has the worst estate tax in the country. Better said, New Jersey’s estate tax exemption amount, i.e., $675,000.00, is the lowest in the country.

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Will New Jersey Take a Gas Tax in Exchange for Repeal of the Inheritance Tax?

Inheritance-Tax-Estate-Tax-New-Jersey-Estates-Trusts-Wills-Probate

New Jersey is one of the last states to still have the loathed inheritance tax. To make matters worse for New Jerseyans, the state has the lowest estate tax exemption limit — $675,000. For years members of various political groups have called for a repeal of the state inheritance and estate tax laws. Will they finally achieve their goal? A recent

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Your Duties as the Executor of a Will in New Jersey

What-to-leave-out-when-making-your-will-Hunterdon-County-New-Jersey-Union-County-New-Jersey

Over the course of your life, you may be asked to serve as the executor of someone’s Will. The job has many important responsibilities and should not be taken lightly. Your primary duties as executor are to gather and manage all property and assets of the estate and ensure they are distributed according to the Will.  If you are named executor

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