“For the next two years, the gift-tax exemption jumps to $5 million from $1 million for individuals and to $10 million from $2 million for couples—meaning people can give away that much without paying a penny in taxes. ” Many are responding by throwing away their old estate plans and making new ones before the favorable terms end. The change almost seems designed to encourage significant gifts to heirs.
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Client Testimonials
“Joseph has represented my wife and I with respect to our estate planning work (wills, trusts, powers of attorney, tax-driven gifting regimes, etc.) for several years now. In addition to Joseph's in-depth knowledge of such matters and recent tax developments, as the owner of two family owned businesses I've been very impressed with Joseph's knowledge of corporate and business law and have recently transferred most of my corporate work to him. Joseph is always available to discuss emergent matters, is prompt in turning around documentation and is generally a very smart, deep thinking lawyer. I'm pleased and will continue to avail myself of his services.”
by James J., Warren, N.J.REAL ESTATE NEWS
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