Parsippany, NJ — The Parsippany-Troy Hills Library is sponsoring a free seminar on financial and estate planning. The seminar is entitled Protecting your New Family: A Guide to Ensuring a Healthy Financial Future. It will be held at the Main Library on Saturday, June 8, from 10am-12pm.
Dear Ask the Attorney: My dad passed away without a Will. He just has a condo that his wife lives in. Can she simply get the condo if she can assume the mortgage? My dad has five kids and most of us do not want the condo. T.B. Hi […]
Taxation Blog , Wills, Trusts & Estates Blog
While much has been written about the tremendous opportunity the current federal estate tax laws provide for individuals with assets over $5 million (including our August 2012 newsletter), little attention has been paid to individuals with estates of a lesser value who live in New Jersey. If you are one of those people, congratulations, New Jersey has the worst state estate tax regime in the country. Our great state not only has one onerous death tax, but two – the New Jersey Estate Tax and the New Jersey Inheritance Tax.
In May 2012, Patricia M. Barbarito, Esq, a matrimonial partner of Einhorn, Barbarito, Frost & Botwinick, and Gary R. Botwinick, Esq., partner and chair of the Estate Planning/Taxation Department of the firm presented a webinar with financial planner, Andrew S. Auchincloss of Alliance Bernstein. Below is a link to the presentation slide
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