Trusts and Estates
Scarinci Hollenbeck’s Tax, Trusts & Estates practice group regularly provides content on trusts and estates. To receive our attorneys' trusts and estates articles please subscribe to our email list.
When Decanting Can be Used to Amend an Irrevocable Trust in New Jersey
Date: March 10, 2021
One of the options possible for modifying an irrevocable trust is known as “decanting”… Despite what the name suggests, it is possible to modify an irrevocable trust. One of the options is known as “decanting,” where the trustee transfers some or all of the principal and undistributed income of the trust to another trust for […]
COVID-19 Highlights Importance of Understanding the Guardianship Process
COVID-19, unfortunately, is now among the examples of causes for the need to appoint a guardian… It is always advisable for individuals to express their own wishes regarding whom they want to manage their affairs if they become unable, which is traditionally done through a power of attorney. However, situations may arise when someone needs […]
A Primer on Estate and Inheritance Tax for New Jersey
When someone dies, the people left behind are often stunned and shocked by the taxes they have to pay. They hear all kinds of scary terms like “estate tax” and “inheritance tax,” and they don’t know what the difference between the two is, or even if there’s a difference at all. People fear what will […]
Estate Planning Regulation Impacts Small Business And Estate Tax Planning Strategies
The government lost estate and gift tax cases that attracted headlines. The government lost estate and gift tax cases that attracted headlines. In response, the Department of Treasury (“Treasury”) proposed new regulations in early 2016 that would amend definitions in the 1992 regulations that were problematic in the court cases. In addition, Treasury it added […]
