by Knee Law | Apr 16, 2024 | New Jersey, Tax Law
In 2017, Congress increased estate tax exemption limits through its passage of the Tax Cuts and Jobs Act. Without additional legislation, these changes are temporary and will expire at midnight on Dec. 31, 2025. New Jersey estate planning lawyers warn that if you do...
by Knee Law | May 27, 2021 | Estate Law, Tax Law, The Probate Process, Wills
Probate is when the deceased’s instructions that were documented in a will begin to be carried out. It starts after the person dies. During this procedure, the court ensures that the will is genuine. The Responsibility of the Executor An executor of a will has a...
by Knee Law | Feb 18, 2020 | Estate Planning, Tax Law
4 Methods of Cutting Your Estate Tax One of the main functions of an estate planning lawyer is to help minimize your tax obligations in the event that you pass away. If your estate is bigger than the federal exemption, you may be obligated to pay an estate tax to the...
by kneelawfirm | Apr 30, 2018 | Estate Law, Estate Planning, Tax Law
Though the tax reform bill passed in December, 2017 has been mostly heralded as a benefit for corporations, with a dramatic reduction in the corporate tax rate, it also made some significant changes in estate and gift tax law. Here’s an overview of those changes. The...
