That Pesky Tax Waiver – Part 3
This week’s post is the last of 3 on New Jersey’s tax waiver. Last week I showed you how a small bequest in a will to a non-Class A beneficiary will trigger the need to file an inheritance tax return. I also said, however, that in some instances a
That Pesky Tax Waiver – Part 2
In my post last week, I referred to New Jersey’s tax waiver. It is an often misunderstood process designed to insure that the State receives the appropriate amount of taxes when someone dies. As I explained, New Jersey’s estate tax was phased out as of 2018 but we still
That Pesky Tax Waiver – Part 1
As I have written in previous posts, New Jersey did away with its estate tax in 2018. This was part of a compromise between the state legislature and then Governor Christie who agreed to an increase in New Jersey’s gasoline tax. I have also pointed out that we still
Is There Any Government Benefit Program I Am Not Aware Of? (Part 2)
In last week’s post I related a common question about government benefits – “is there something out there in the way of benefits that we could get that we’re just not aware of”? Most recently, a son, whose dad is in a nursing home already receiving Medicaid benefits, asked
Is There Any Government Benefits I am Not Aware of? Part 1
In this week’s post I want to talk about a common question I get about government benefits. “Is there any benefit my family member can get that I am not aware of?” In other words, “am I missing anything”? I can certainly