4 Things You Should Know About Dynasty Trusts

A Dynasty Trust is a long-term trust that allows individuals with considerable wealth to protect and preserve their assets for multiple generations. Dynasty Trusts are exempt from transfer taxes, like estate and gift taxes. Establishing a Dynasty Trust also protects the assets in the trust from death taxes, as well as other situations that, under different circumstances, would threaten the beneficiaries’ interest in Read More

Top 5 FAQs about Irrevocable Trusts for Long Term Care

Since the Deficit Reduction Act of 2005, trusts have become an increasingly popular tool for asset protection in long-term care planning. This legislation increased the look-back period from three years to five years for gifts to individuals but maintained the five-year look-back period for gifts to trusts. Therefore, a gift to a trust has the same five-year look-back as a gift to an individual. 1.  Why use a Read More

Colleen L. Clark recognized

We are excited to announce that our own Colleen Clark has been recognized in The County Woman Magazine! You are a special member of our team and we couldn't be who we are without you. Congratulations! Read More

5 Tips to Make Selling Your Home Go Smoothly

Selling your home on your own can be somewhat daunting, but it can also be extremely rewarding. If you are looking to sell your home in New Jersey, use the following general suggestions and information for a successful For Sale By Owner (FSBO) transaction: Do some research to price your home correctly. One of the biggest mistakes that sellers make is that they price their home either too high for the market Read More

Make an estate plan for your digital assets

Today, 77 percent of Americans go online every day, according to a recent Pew Research Center survey, and most of us maintain at least some kind of digital data in the cloud. We save emails, post to social media, and store photos in online albums. All of this digital information has created a new issue for you, your heirs, and the technology firms that hold your assets. The key concern is maintaining your Read More

Divorce and Special Needs: 4 Things to Consider

When parents have special needs children, it affects virtually every aspect of their life. That includes situations where a couple divorces. When the parents separate, they have a lot of things to consider regarding their child, especially as it relates to the divorce decree and related estate planning matters. Below are just a few things that you should keep in mind if you are a parent going through a divorce. Read More

5 Tips for if You’re Considering Buying Commercial Real Estate

If you are ready to buy commercial real estate for your business, you likely have a lot of questions. Is purchasing commercial property the same as buying residential property? What are the differences? Does buying make more sense than leasing? How do you find the right property to meet your business needs? The following tips will help you get the process started. 1.   Leasing Versus Buying: Which Option Makes Read More

Are Workers’ Comp Benefits Ever Taxable?

In the vast majority of cases, workers’ compensation benefits are fully tax exempt, at the federal, state and local level. But this is not always the case where the workers' comp beneficiary is also receiving Social Security Disability Insurance (SSDI) benefits. Workers’ comp programs, which are run at the state level, provide benefits to people who suffer from work-related disabilities, stemming either from Read More

4 Benefits of Asset Protection Planning

Asset protection planning keeps your assets safe from creditors, including those who get a judgment against you. While many people assume that “hiding” your assets from creditors is illegal, if you protect your assets properly, it is entirely legal and can be extremely beneficial. Asset protection planning requires a great deal of forethought and strategy. Getting started now, before you have threats from Read More

Buying a Home for the First Time? Here are 3 Tips to Get You Started

Buying your first house can be incredibly intimidating and overwhelming. You will likely have many resources for tips and information, including family and friends and an array of resources online. However, when it comes down to it, what is the most essential information to know? Read on to find out.     The price tag may not be what you actually pay. There is often a lot of room for negotiation when it Read More