Is it Time to Update Your Estate Plan?

There have been significant revisions to the federal estate and gift tax laws over the past five years. In 2010, the federal estate tax was repealed for one year only. When the federal estate tax was reinstated in 2011, an exclusion amount significantly higher than the New Jersey Estate Tax exclusion amount was included. Read more

Winne Banta Joins International Referral

Gary Redish — and Winne Banta — were recently accepted for membership in International Referral, a global group of over 800 members from around the world that operates across the legal, accountancy, finance and transaction services fields.

Avoid the Peril of DIY Estate Planning

The volume of available online information on estate and gift tax issues and advanced estate planning techniques is staggering and there is no shortage of web based services offering the sale of “basic” estate planning documents. Read more

Kahn Noted Once Again in Chamber USA

Richard Kahn has once again been noted by Chambers USA as a “Ranked Lawyer” in New Jersey Real Estate. He was commended for his “vast experience in handling commercial real estate transactions.” He was also noted for his “excellent business sense.”

New York Makes Significant Revisions to its Estate Tax Law

Effective April 1, 2014, the New York State estate tax exclusion applicable to New York resident decedents increased from $1,000,000 to $2,062,500. The increased exclusion amount will remain in effect through April 1, 2015. The exclusion amount will again increase – to $3,125,000 on April 1, 2015, $4,187,500 on April 1, 2016 and $5,250,000 for residents dying between April 1, 2017 and January 1, 2019. After January 1, 2019, the exclusion amount will be indexed for inflation. The maximum New York State estate tax rate is 16%. Read more