Parsippany Office: Phone new jersey estate law 973-538-4700 | Brick Office: Phone estate lawyer nj 732-279-3863 | Westbury Office: Phone estate attorney new jersey 516-394-6921

Firm Updates

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By:  Mario Serra, Jr., Esq. & Harrison Edwards III, Esq.

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Written by The Fein Print Category:

By:  Mario Serra, Jr., Esq. & Iman Akbar, Esq.

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Americans are living longer than they did in years past, including those with disabilities. According to one count, 730,000 people with developmental disabilities living with caregivers who are 60 or older. This figure does not include adult children with other forms of disability nor those who live separately, but still depend on their families for vital support.

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Although your life insurance policy may pass to your heirs income tax-free, it can affect your estate tax. If you are the owner of the insurance policy, it will become a part of your taxable estate when you die. You should make sure your life insurance policy won't have an impact on your estate's tax liability. If your spouse is the beneficiary of your policy, then there is nothing to worry about. Spouses can transfer assets to each other tax-free. But if the beneficiary is anyone else (including your children), the policy will be a part of your estate for tax purposes.

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In an effort to please his party’s most conservative members, House Speaker Paul Ryan (R-WI) has added a “block grant” option to the plan for funding the Medicaid program that is part of legislation crafted by House Republicans to replace Obamacare.

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By Steven A. Loeb, Esq., LL.M. (Taxation)

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PARSIPPANY OFFICE
7 Century Drive, Suite 201
Parsippany, New Jersey 07054
Map and Driving Directions
Phone: 973-538-4700
Fax: 973-538-8234

BRICK OFFICE
74 Brick Boulevard, Suite 120
Brick, New Jersey 08723
Map and Driving Directions
Phone: 732-279-3863
Fax: 732-279-8234

WESTBURY OFFICE
1400 Old Country Road, Suite C103
Westbury, NY 11590
Map and Driving Directions
Phone: 516-394-6921
Fax: 516-394-6922

MAP & DIRECTIONS
directions