Most families don’t own an NFL team. But the estate-planning strategy behind the Tisch family’s reported transfer of their ownership stake in the New York Giants to trusts for their children offers lessons that apply to many family-owned businesses. The reported transaction would move roughly 23% of the franchise into […]
Procedurally, when a practitioner has a client who needs to initiate a probate proceeding, the steps are fairly formulaic. However, even experienced practitioners can run into trouble when a potential client needs to gain access to the property of an individual who has disappeared. Presumed death cases are exceedingly rare. […]
As published in New Jersey CPA Magazine, Summer 2021 Issue The COVID-19 pandemic has resulted in historically low interest rates, depressed values of certain assets and a need for increased federal revenue. When combined with the shift of power in Washington, this becomes a critical and advantageous time for clients […]
Appellate Watch Blog , Blogs , Trusts & Estates Blog
In our trusts and estates practice, we frequently review estates wherein executors, appointed agents (attorneys-in-fact), real property and other assets may be located beyond New Jersey. A recent Appellate Division case, Gulbir Kaur Anand, Executor of the Estate of Amrit Kaur Anand v. Upkar Anand, Jasjot Anand and Kiran Gulati, […]
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