January 2019 10
Basic Exclusion Amount for New York State Estate Tax Increased for 2019
Posted By : Michael Thompson
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The state estate tax exemption or “Basic Exclusion Amount” for New York State Estate Tax for dates of death on or after January 1, 2019, and before January 1, 2020, has been increased to $5,740,000.

December 2018 01
Michael Thompson to Speak at Seminar on Probate and Estate Administration
Posted By : Michael Thompson
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Newark, New Jersey – Thursday, December 13, 2018 Estate Administration Boot Camp Michael T. Thompson, Esq. will be speaking on “Key Intestacy Laws You Must Know” and “Handling Debts and Claims Against the Estate.” This

October 2017 12
Unsent Text Message Admitted As Will
Posted By : Michael Thompson
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New Jersey has a very liberal standard for admitting writings intended as a Last Will and Testament. I was once involved in a case where a document – begun as grocery list but which transitioned

October 2017 04
White House Releases Tax Plan Framework
Posted By : Michael Thompson
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On September 27, 2017, the Trump Administration released the long-awaited tax plan, the Unified Framework for Fixing Our Broken Tax Code.  In touting the plan, the President asserted that his “plan is for the working

July 2017 13
Michael Thompson Scheduled to Speak at Seminar on Trusts
Posted By : Cestone & Thompson
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Somerset, NJ • Thursday, July 31, 2014 The Complete Trust Course Topics to Include: Understanding Estate, Gift and Trust Taxation  Overview of Federal estate and gift taxation Calculating the estate tax Overview of trust taxation

June 2012 29
Unsigned Copy of Will Admitted to Probate
Posted By : Michael Thompson
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A decision issued by the Appellate Division in the Estate of Richard Ehrlich, allowed  the probate of a will lacking the requirements of N.J.S.A. 3B:3-2 because under N.J.S.A. 3B:3-3, there was clear and convincing evidence that the

December 2011 12
New Jersey Supreme Court Refines Treatment of Discretionary Support Trusts
Posted By : Michael Thompson
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In an opinion decided December 8, 2011, the New Jersey Supreme Court upheld an Appellate Division decision finding that a spouse’s beneficial interest in a discretionary support trust was not an “asset held by” that