Estate and Elder Law

Recent Posts

Obama's 2013 Revenue Proposals
Posted on 14 Feb 2012 by Gregory Herman-Giddens

The White House has issued its 2013 fiscal year revenue proposals , with estate and gift tax changes consistent with administration's earlier stance on those rules. Beginning next year, the estate tax exemption would decrease to $3.5 million and the... Read More

Obama Suggests that $3.5 Million Estate Tax Exemption with Spousal Portability Acceptable
Posted on 24 Aug 2011 by Gregory Herman-Giddens

On his bus tour in Illinois last week, Obama responded to a question about the future of the estate tax from a local farmer. The President stated that a compromise between the current $5 million exemption ($10 million per married couple) and the... Read More

Ask Liza: Can the Executor Give Away Estate Assets?
Posted on 26 Feb 2015 by Liza Weiman Hanks

Dear Liza: My husband is the sole executor (and only child) of his mother’s Will. There are no other beneficiaries listed in her Will. The only asset she had was a home which is valued at about $300,000. Does he need to probate her Will? As the... Read More

Estate Tax Exemption Rate on the Rise in New Jersey
Posted on 16 Mar 2011 by Deirdre R. Wheatley-Liss

If you follow this blog, you know that New Jersey is the most expensive state to die in . In an effort aimed at changing that distinction, Governor Christie in his budget proposal has recommended increasing the New Jersey Estate Tax Exemption Amount from... Read More

Legislative Action
Posted on 28 Jul 2012 by John Dedon

Congressional activity is heating up regarding the estate tax. As Republican and Democratic members of Congress wrestle with prospective changes to the Bush income tax cuts, the debate over federal estate tax also is on the legislative agenda. Although... Read More

Another Tax Law Patch May Provide Permanent Estate Tax Laws
Posted on 28 Jul 2012 by Deirdre R. Wheatley-Liss

I have often lamented that the lack of permanency of tax laws is doing a huge disservice to the American population. We all have to pay our "fair share" of taxes. However, we don't need to pay more. These constant temporary tax laws make... Read More