Make It Last – Ep 150 – The Big Bad Wolf

Listen Here! You already have the foundation, but what’s a house without walls and a roof? Victor gives you all the materials you need to make sure the Big Bad Wolf doesn’t blow your house down. Then, Victor goes on to discuss the challenges behind guiding his clients through their estate planning and the three […]

Major Wealth Transition Expected to Occur in Next Few Decades

  An inter-generational transfer of wealth can be extremely complicated and it can be risky for everyone involved. Without proper planning, passing on a large amount of wealth could generate tax and other financial consequences for those receiving the benefits and those passing them on. It is expected that in the next forty years, nearly […]

New Jersey Estate Tax in the News Highlights Power of Experienced Lawyer

Don’t fall for the impression that estate planning is something you can approach once and then forget about. All the recent changes to the New Jersey estate tax, which is currently entering a phase out, highlights just why you need an experienced lawyer helping you with your estate planning on an ongoing basis. Estate tax […]

New Jersey State Estate Tax May be Eliminated

New Jersey lawmakers delayed making a decision on the gas tax hike that has raised concerns around the state. The state’s gas tax may be raised as high as 23 cents per gallon. In a recent compromise Chris Christie and Democrats reached a compromise that might also put New Jersey’s estate tax on the chopping […]

Estate Planning For The Never-Married

According to Pew Research Center the share of American adults who have never been married is at an historic high. In 2012 one-in-five adults ages 25 and older (about 42 million) had never been married. In 1960, only about one-in-ten adults (9%) fell into that category. Men (23%)  are more likely than women (17%) are […]

Rising Interest Rates and Estate Planning: A Word for the Wealthy

Here at Medina Law Group, we serve a wide range of clients, spanning the entire spectrum of household income. To that end, much of our blog content is tailored to inform our entire base of readers. But today, we bring you an important bulletin for our wealthiest clients: Interest rates are up, and they have […]

Unmarried Couples Need Special Estate Planning Protection

It is a controversial fact, but a fact nonetheless: fewer and fewer people are getting married. Studies consistently show that a growing number of American couples are choosing to stay unmarried. And those that do wed are tending to wait longer before tying the knot, marrying at much older ages than they used to. As […]

Why New Jersey’s “Death Tax” Could Soon Die

Compared to other places in the country, New Jersey’s estate tax is kind of a killer.   In fact, ours is one of only two states still assessing not only an estate tax on the deceased person’s assets but also an inheritance tax on some of the people who benefit from those assets. Meanwhile, most […]

Questions to Ask Yourself About Your Estate Plan

The Wall Street Journal is running an ongoing series of expert op/eds on the subject of estate planning, and it makes for intriguing reading. One of last month’s entries came from investment guru Mike Piper, entitled “Estate Planning Is About More Than Estate Taxes.” Piper nails the Number One reason that most people don’t put […]

The Risks Of Giving Your Home To Your Children

Some parents consider transferring ownership of their homes to their children. Why? Many believe that it is a classic win-win situation. They can continue to live in the house, while at the same time reduce the value of their estate for tax purposes and provide a valuable asset to their kids down the road. If […]