Everyone needs a will, durable power of attorney with a HIPPA waiver and an advance directive for health care. Sometimes the Internal Revenue Service will pursue a tax deficiency, impose a penalty, or issue a lien. The loss of a loved one can be very difficult. Even more difficult can be the issues with the taxing authorities, retitling of assets, and settling family differences.
Our firm has thirty-seven years of experience in the administration of estates. A private foundation is a not-for-profit entity. This entity allows you to choose both the objectives and the persons who will carry out your charitable goals both while you are alive or after you have passed away. In today's litigation prone society, there is no guarantee that you will not be the subject of a frivolous lawsuit at any time.
There are means of Asset Protection Planning available to protect assets from such frivolous litigation.
Our firm has thirty-seven years of experience in the administration of estates. A private foundation is a not-for-profit entity. This entity allows you to choose both the objectives and the persons who will carry out your charitable goals both while you are alive or after you have passed away. In today's litigation prone society, there is no guarantee that you will not be the subject of a frivolous lawsuit at any time.
There are means of Asset Protection Planning available to protect assets from such frivolous litigation.
Services
The firm of Kosarek & Keane has been serving legal needs since 1980.
Our attorneys are licensed to practice before all New Jersey State and Federal Courts, all State and Federal Courts of the State of Florida as well as the United States Tax Court.
The Firms Estate Planning and Tax Planning for individuals include formation and operation of Partnerships, Limited Liability Companies and Corporations.
We can assist with regard to Family Limited Liability Companies, Wills, Grantor Trusts, Grantor Retained Interest Trusts, Charitable Lead Annuity Trusts, Charitable Remainder Annuity Trusts, Irrevocable Life Insurance Trusts, Private Foundations, Planning pursuant to the New 20% deduction.
Our attorneys are licensed to practice before all New Jersey State and Federal Courts, all State and Federal Courts of the State of Florida as well as the United States Tax Court.
The Firms Estate Planning and Tax Planning for individuals include formation and operation of Partnerships, Limited Liability Companies and Corporations.
We can assist with regard to Family Limited Liability Companies, Wills, Grantor Trusts, Grantor Retained Interest Trusts, Charitable Lead Annuity Trusts, Charitable Remainder Annuity Trusts, Irrevocable Life Insurance Trusts, Private Foundations, Planning pursuant to the New 20% deduction.
Everyone needs three basic documents, a will, durable power of attorney with a HIPPA waiver and an advance directive for health care with a HIPPA waiver.
The will controls the disposition of your assets at death and may contain trust provisions to protect your heirs in the case of their divorce or from the claims of creditors.
The will may also contain provisions to protect disabled persons and persons receiving entitlements such as Medicaid.
A will may also contain a provision naming a Funeral Representative who will make your final arrangements.
The will controls the disposition of your assets at death and may contain trust provisions to protect your heirs in the case of their divorce or from the claims of creditors.
The will may also contain provisions to protect disabled persons and persons receiving entitlements such as Medicaid.
A will may also contain a provision naming a Funeral Representative who will make your final arrangements.
We can aid executors and trustees in the administration of trusts and estates.
Many persons are misled into thinking an estate administration is merely filling out a tax waiver form.
This is not the case.
Obtaining the tax waivers is only a small portion of the executor's duties.
An executor or administrator of an estate has a fiduciary duty to all beneficiaries.
Administration of an estate is often a complex and demanding task, especially for the uninitiated.
Financial institutions with their conflicting and often byzantine administrative forms and procedures can be difficult to negotiate.
Many persons are misled into thinking an estate administration is merely filling out a tax waiver form.
This is not the case.
Obtaining the tax waivers is only a small portion of the executor's duties.
An executor or administrator of an estate has a fiduciary duty to all beneficiaries.
Administration of an estate is often a complex and demanding task, especially for the uninitiated.
Financial institutions with their conflicting and often byzantine administrative forms and procedures can be difficult to negotiate.
Our firm will show how trusts can accomplish many family objectives.
In addition to tax savings, trusts can protect future generations from their own inexperience in handling assets.
A uniform gifts to minors act account will not provide your family with this same protection.
Trusts may also be used as tools to protect individuals from the reach of frivolous lawsuits or to insulate assets from the reach of a former spouse in matrimonial actions.
A trust may also designate individuals who will manage the assets of later generations.
In addition to tax savings, trusts can protect future generations from their own inexperience in handling assets.
A uniform gifts to minors act account will not provide your family with this same protection.
Trusts may also be used as tools to protect individuals from the reach of frivolous lawsuits or to insulate assets from the reach of a former spouse in matrimonial actions.
A trust may also designate individuals who will manage the assets of later generations.
Sometimes the Internal Revenue Service will pursue a tax deficiency, impose a penalty, or issue a lien or Levy that is not justified.
This office can represent you in these matters.
If we cannot agree with the agent handling your case, there is an office within the Internal Revenue Service known as IRS Appeals.
The State of New Jersey has a similar Appeals procedure.
If a resolution of your case cannot be achieved at this point.
His firm has experience both in Federal and State tax courts.
There are other programs such as due process collection hearings and taxpayer advocate's office, which can be utilized to protect your rights.
This office can represent you in these matters.
If we cannot agree with the agent handling your case, there is an office within the Internal Revenue Service known as IRS Appeals.
The State of New Jersey has a similar Appeals procedure.
If a resolution of your case cannot be achieved at this point.
His firm has experience both in Federal and State tax courts.
There are other programs such as due process collection hearings and taxpayer advocate's office, which can be utilized to protect your rights.
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