A Capital Gains Tax Mistake – Part 1
A client called recently after receiving his income tax return from his accountant. Much to his surprise, he was facing a significant 6 figure income tax bill. So why was he calling us? We don’t prepare and file income tax returns. The reason had to do with the sale of real estate that he
Significant Change to New Jersey Guardianship Law
As part of the long term care planning guidance we provide to clients, we often file guardianship applications on behalf of families. A typical scenario is one in which an elderly parent needs assistance but did not execute a power of attorney or health care directive designating a family member to
Second Marriage Issues – Part 5
In last week’s blog post, I was in the midst of telling you about a dispute between Husband and his deceased Wife’s children regarding the sale of their home. Although 50% of the home was titled Husband and Wife joint with rights of survivorship (the other 50% owned by Wife’s children),