Dear Ask the Attorney: I was in a car accident on my way from home to work in a company car. While sitting at a red light on Route 46 I was hit from behind and badly injured. I have been unable to work since. Would this be considered a […]
Dear Ask the Attorney: Recently I was laid off from my job. My last paycheck was mailed to me and when I tried to deposit it, it was returned for insufficient funds. I contacted my employer and he replaced the check with a new one, but that one also was […]
On December 17, 2010, Congress enacted what we know as the 2010 Tax Act, changing the estate, gift and generation-skipping transfer (“GST”) tax regime. Before the passage of the Act, the federal estate tax exemption – the amount that an individual can pass to his or her beneficiaries tax-free – increased in steps from $675,000 per individual in 2001 to, ultimately, $3.5 million per individual in 2009. In 2010, the federal estate tax was eliminated; but only temporarily. Under prior law, the federal estate tax was scheduled to return in 2011 with a maximum tax rate of 55 percent and a $1 million exemption, meaning that if a decedent’s estate exceeded $1 million, such excess would be taxed at a 55 percent rate.
Dear Ask the Attorney: Should I have my new (divorce) attorney negotiate a settlement when he never saw my CIS or interrogatories, only the report from the forensic accountant? L.E. Dear L.E., The financial issues that will be dealt with in your divorce are significant, and will have far ranging […]