Estate Closure Should be Completed by an Experienced Lawyer

In accordance with the law, an estate is responsible for paying the following with the assets from an estate:

Expenses for the decedent’s funeral; Administration expenses, which includes legal fees, probate fees, and appraisals among others; Money owed to the government such as estate and income taxes; and Real property taxes that were accrued prior […]

New Jersey Credit Shelter Trust and Estate Taxes

Over the last few years, both New Jersey and federal estate tax laws have changed. Currently, a decedent’s estate only needs to pay federal estate tax if the gross value of the estate exceeds $5,490,000. In New Jersey, estates with a value in excess of $2,000,000 have to pay the state’s estate tax. As of […]

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