Considerations When Leaving Estates to Non-U.S. Citizen Beneficiaries – Part 2
In my post last week, I answered the question whether leaving assets to a non-U.S. citizen triggers any additional tax when compared to a U.S. beneficiary. With the exception of a spouse, it generally makes no difference from an estate or inheritance tax standpoint. There are, however, other practical considerations to take
Considerations When Leaving an Estate to Non-U.S. Beneficiaries – Part 1
In some respects, naming a non-U.S. citizen as a beneficiary of your estate is no different than naming a U.S. citizen (with the exception of a spouse). For example, while the amount that can be passed free of federal estate tax (there currently is no New Jersey estate tax) is currently
Real Estate Tax Problem – Part 1
I wrote two posts last November about a common problem we see. A real estate transaction is about to close when someone - usually the title company - determines that no one has been appointed as administrator or executor with authority to sign the closing documents on behalf of the deceased
Unintended Consequences (Part 1)
In this week’s post I’ll tell you about an interesting issue that came to our office involving an estate administration matter. The decedent left a portion of his estate to his friend. What I also learned is that the friend who was 10 or so years older than the decedent, legally adopted