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

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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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Being asked to serve as the trustee of the trust of a family member is a great honor. It means that the family member trusts your judgment and is willing to put the welfare of the beneficiary or beneficiaries in your hands. But being a trustee is also a great responsibility. You need to go into it with your eyes wide open. Here are six questions to ask before saying "yes":

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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
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