Uncategorized Archives - Milvidskiy Law Group P.C.
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26 03, 2021

Will You Owe a Gift Tax This Year?

2021-03-26T11:13:57-04:00March 26th, 2021|

The rules surrounding taxes on gifts often create confusion during tax season or any other time. Below are some of the nuts and bolts of the gift tax, including when a gift tax form needs to be filed. The annual [...]

26 07, 2018

The Pros and Cons of Appointing Co-Trustees

2018-11-08T05:35:51-05:00July 26th, 2018|

Choosing a trustee is a critical aspect of trust creation. If the trustee is unqualified or unreliable, the impact on beneficiaries could be significant. Potential problems range from sloppy record-keeping that leaves beneficiaries uncertain and slow administration that may delay [...]

16 04, 2018

Estate Planning for Older Parents

2018-04-16T13:37:33-04:00April 16th, 2018|

A combination of advances in medical science, longer life spans, people marrying later, second marriages, and other factors mean that many Americans have children later in life than was the norm just a generation ago. In 2000, more than 23% [...]

25 03, 2018

Five Estate Issues You Shouldn’t Tackle on Your Own

2018-03-25T15:58:46-04:00March 25th, 2018|

When you’re planning for your own future and providing for your loved ones, it is always beneficial to have the knowledgeable guidance of an experienced estate lawyer. Though forms and software abound to help you create documents, there’s no substitute [...]

24 11, 2017

Who is Responsible for Debts When a Family Member Dies?

2018-02-02T22:10:32-05:00November 24th, 2017|

Whether you are putting together your estate plan or you have recently lost a loved one and are working toward putting his affairs in order, it is important to understand who is responsible for the deceased’s debts after death. Not [...]

20 10, 2017

What to Expect from the New Jersey Probate Process

2018-02-02T22:10:33-05:00October 20th, 2017|

Most people know that when a person passes property through a will or dies without having made provisions for distribution of the property he leaves behind, the estate must pass through probate. However, many don’t understand exactly what probate is, [...]

5 10, 2017

5 Easy Tips to Simplify Your Year End Charitable Giving

2018-02-02T22:10:33-05:00October 5th, 2017|

Are you planning on making charitable donations before the end of the year? The IRS reminds us that you must itemize deductions on your tax return to claim a deduction for these gifts. In addition, the following five tips can [...]

16 08, 2017

Living Trust Maintenance is Key

2018-02-02T22:10:37-05:00August 16th, 2017|

Many people opt for a living trust over more traditional means of estate planning because of benefits such as: A smoother, shorter transition after death Lower costs of administration after death Flexibility during the grantor’s lifetime Greater ability to control [...]

3 08, 2017

Take These Three Steps When Your Child Turns 18

2018-02-02T22:10:37-05:00August 3rd, 2017|

Up until your child reaches 18, you are absolutely entitled to access your child’s medical records and to make decisions regarding the course of his treatment. And, your child’s financial affairs are your financial affairs. This changes once your child [...]