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Estate Law


New Jersey estate tax law changes

NJ estate tax

On Friday October 14, 2016, Governor Christie signed into law a comprehensive tax package with important tax cuts including the phasing out of the New Jersey estate tax. Specific to the estate tax, the legislation provides that the current $675,000 exemption from state estate tax will be increased to $2 million on January 1, 2017, […]

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Why You Need a Power of Attorney Document in NJ

Power of Attorney Document

A Power of Attorney document (POA) is a document that provides an efficient and cost effective transfer of authority from you to another. In this post, we’ll share with you why you need a Power of Attorney document in NJ. With a power of attorney, you can rest assured that in the event of your […]

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What Happens When My Parents Die With Debt?

What Happens When My Parents Die with Debt

A common question asked by our clients is: what happens when my parents die with debt? The answer is, generally, you are not liable for your parents’ debt unless you have personally co-signed a loan or account with your parent. Without co-signing on your parents’ debt, the debt becomes part of your parent’s estate. Download […]

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