Under Governor Phil Murphy’s new administration in 2018, several notable laws have been passed that affect nearly all employers and employees in New Jersey. Employers should be cognizant of the below developments, and other new changes that may take place under a new administration that has made employee rights a […]
Blogs
Fiction: If/When I file for divorce, my spouse will not be required to financially support me and/or my children. FACT: During the divorce process, the parties are required to maintain the financial status quo. Deciding to file for divorce is difficult. There are many unknowns and fears especially for a […]
Taxation Blog , Trusts & Estates Blog
New Tax Law Changes Federal And New Jersey Estate and Gift Taxes
February 23, 2018 | by Gary Botwinick, Matthew RheingoldWhile most of the press has focused on the income tax changes resulting from the Tax Cuts and Jobs Act of 2017 (TCJA), the changes relating to the federal estate and gift tax seemed to have received little attention. That is unfortunate as the changes are significant. TCJA substantially increased […]
529 Plan Distributions And Rollovers From 529 Plans To ABLE Accounts
February 16, 2018 | by Gary Botwinick, Matthew Rheingold529 Plans – An Overview Since 1996, the Internal Revenue Code has provided favorable tax treatment for investment accounts, known as 529 Plans, which are designed to pay for higher education. Pursuant to the 2017 Tax Cuts and Jobs Act (the “Act”), the rules governing the treatment of these plans […]