As a resident of New York or New Jersey, your estate may be subject to federal and/or state estate taxes, as well as generation-skipping transfer taxes and, in New Jersey, a separate inheritance tax. These taxes can be onerous and can significantly diminish the inheritance passing to your spouse and children. At the Law Offices of Jane F. Wolk, LLC, we can advise you on methods that may help reduce exposure to these taxes.
The estate and inheritance tax laws are complex and are frequently in a state of flux. We stay up to date on the state of the law, to provide you with the most efficient and effective advice.