Candidate Biden, and now President-Elect Biden, proposed changes to the Estate Tax Landscape. Current Tax Currently, the Estate tax exemption is $11.58 Million per person and $23.16 Million per couple, which means a couple can transfer $23.16 Million to their heirs tax-free during their lives or upon their deaths. These …
Any last will and testament is potentially subject to judicial challenge. If a will is prepared in accordance with the formalities required by state law, the surrogate is empowered to accept its presentation. New Jersey requires wills to be written and signed by the testator (maker of the will) in …
The SETTING EVERY COMMUNITY UP FOR RETIREMENT ACT OF 2019 (SECURE ACT) was signed into law on December 20, 2019. This legislation has far reaching implications for small businesses and estate planning. Here are some of the major provisions of the Act: Easier and less expensive for small businesses to …
