Category Archives: Trusts & Estates

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Special Needs Trust Fairness Act

Posted in Trusts & Estates

On December 13, 2016, President Obama signed into law the Special Needs Trust Fairness Act as part of the 21st Century Cures Act. The new act allows first party special needs trusts to be established by mentally competent individuals with disabilities for their own benefit.

New Jersey Estate Tax Repeal

Posted in Trusts & Estates

On Friday, September 30, 2016, New Jersey lawmakers held a press conference announcing significant changes affecting the New Jersey Estate Tax. The video and transcript of the conference can be accessed by clicking here. The New Jersey Estate Tax applies to the estates of New Jersey residents and currently has an exemption of only $675,000…. Continue Reading

Can Artwork Affect My Estate?

Posted in Trusts & Estates

A recent Tax Court case highlights some of the issues faced by estates that own valuable artwork and the need to account for artwork as part of estate planning and estate administration. Artwork is an important aspect of estate planning and administration because artwork can affect the estate’s overall value, and can result in substantial… Continue Reading

Parent’s Right to an Intestate Share of their Child if the Child was Forsaken by the Parent

Posted in Probate Litigation, Trusts & Estates

In the recent Appellate Division decision of In the Matter of the Estate of Michael Fisher, the Appellate Court reviewed whether the Appellant and father of the Decedent, Michael Fisher, would be entitled to an intestate share of his deceased son’s estate. The main issue before the Court was whether or not the Appellant had… Continue Reading