AnnMarie Palermo Smits, Esq., Partner and Chair of WJ&Ls Trust, Tax and Estate Department will be presenting at 2 Free CPE Seminars. On Thursday, November 29, 2012 from 6:00 to 9:00 p.m. at Commerce and Industry Conference Room – First Floor – 61 S. Paramus Road, Mack IV Building, Paramus, New Jersey, AnnMarie will be discussing […]
Tag Archives | gifting
GIFTING IN 2012: GREAT OPPORTUNITY DURING AN UNCERTAIN TIME
With the federal current estate tax exemption amount and rate scheduled to expire at the end of the year, much uncertainly looms as to whether Congress will enact permanent legislation, and if so, what will result. As there are several possibilities, ranging from a $1,000,000 exemption amount to keeping the current exemption amount (and alternative […]
Haiti
Perspective on Haiti—the bigger picture. Last Tuesday’s earthquake bringing death and destruction to Haiti is just the latest of disasters to befall this nation. In just the eight years since I have been involved in and traveling to this nation, the country has also been twice devastated by hurricanes. This tiny nation finds itself in […]
Estate Tax Changes
As many of you know, Congress did not act to change the Federal estate tax prior to 2010. Therefore, the Federal estate tax, as of 1/1/10, was officially repealed. If a client dies in 2010, absent any future changes in the law, there is no Federal estate tax, however, there is still a New Jersey […]
Powers of Attorney
Effective September 1, 2009, New York State enacted a new statutory form of Power of Attorney and a Major Gifts Rider. Powers of Attorney are essential tools in estate planning and elder law planning. If an individual becomes incapacitated and cannot communicate and handle his or her legal and financial affairs, he or she will need […]