TestThis blog is provided to you as part of the service that we provide to our clients in connection with estate planning. It is intended to advise you of a significant change in the manner in which inherited retirement accounts are treated and the unintended consequences that may result if […]
On December 20, 2019, President Trump signed into law the Setting Every Community Up for Retirement Enhancement Act, or SECURE Act. Beginning on January 1, 2020, the SECURE Act implements substantial policy changes to retirement accounts. The Act is designed to increase retirement savings, including (i) making it easier for […]
In Frances Richburg (deceased) v. Estate of Roy Richburg, (Nov. 2, 2018, N.J. Sup. Ct. App.Div., Docket No. A-1951-16T1), the New Jersey Appellate Division reversed the Chancery Court’s decision to dismiss, su esponte, a quiet title action on the basis of forum non conveniens. The opinion further cements the long-held […]
The recent Appellate Division case of Estate of Mary Van Riper v. Director, Division of Taxation, (Oct. 3, 2018, N.J. Sup. Ct. App. Div., Docket No. A-3024-16T4) illustrates the perils of hasty deathbed planning without consideration of potential inheritance tax issues. New Jersey is one of six states that imposes […]