Difference Between A Gross Taxable Estate And Probate Estate

A gross taxable estate includes assets that maintain an interest upon an individual’s death, regardless of whether the assets pass by way of a last will and testament. A gross taxable estate includes gifts made during an individual’s lifetime that exceed $14,000 per person per year. Also, a gross taxable estate includes property transferred during […]

Probating a Will

It is important to create a comprehensive estate plan, and there are certain measures that one can take to avoid probate if done correctly. Probate is the legal process whereby a last will and testament is determined to be valid and authentic by a court of law. Under New Jersey State Law, the will is […]

IRS Estate Tax Exclusion

For 2016, the IRS estate tax exclusions are as follows:

the estate tax exclusion amount for deaths in 2016 is $5.45 million the annual exclusion for gifts is $14,000 the applicable exclusion amount for lifetime gifts is $5.45 million […]

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