Tax and Estate Planning

Smoking Cessation Programs and Other Unusual Tax Deductions

10 Tax Items That Often Get Overlooked Blake R. Laurence, a partner in the firm’s Tax and Estate Planning department, uncovers some tax deductions you might not have considered before. The tax code is filled with various nuances that allow a taxpayer certain deductions. However, they are not well publicized and many people miss those deductions...
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Tax Changes Made in New Jersey: How Does It Affect You?

After much discussion and political deal-making, on October 14, 2016, Governor Chris Christie officially signed legislation implementing a new tax package to raise money for the Transportation Trust Fund to help repair New Jersey’s roads, bridges and various other infrastructure. Although the increase in gas tax is what caught the attention of most people, this...
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Estate Planning Self Examination Checkup Chapter IV – Selecting Fiduciaries

In a will, one must appoint the people who are charged with carrying out the intentions of the testator.  The people you select should be dependable and understand their roles.  These people are called “fiduciaries.”  The fiduciaries include the executor, the trustee and a guardian. The executor is the person who carries out or executes the...
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Davison, Eastman & Muñoz Continues to Bolster Firm with Two New Hires

Davison, Eastman & Muñoz, P.A. is pleased to announce that attorneys Manny J. Alvelo and Nicole Sorokolit Croddick joined the firm in October. Manny Alvelo, Counsel, will work in the Firm’s Tax and Estate Planning department. His practice will focus on advising individual and corporate clients with respect to estate, inheritance and gift tax planning...
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Chapter III(a)– Reviewing the Dispositive Portions of the Will

We continue now with a review of specific areas of the will, including residuary clause provisions, unlimited marital deduction requirements, disclaimer trusts, testamentary trusts and special need trusts, if necessary. ------- The next portion of the will is generally the residuary clause where the rest of the estate is left to the ultimate or contingent beneficiaries.  If...
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Best High School Graduation Gifts? A “Safety Net” in the Form of a Power of Attorney and a Health Care Directive

Congratulations! You have successfully navigated childhood and are now ready to send your 18 year-old into the world.  It is an exciting time but are you ready?   You are probably busy with proms, graduation parties and shopping for the new dorm room.   However, when you look at your checklist of things to do, are you...
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Estate Planning Self Examination Checkup Chapter III: Reviewing the Dispositive Portions of the Will

In the last installment, we covered issues concerning when wills should be revised and the differences between treatment of probate and non-probate assets.  In this installment, we will begin by defining the persons in the will and then move on to a basic review of certain areas of the will. Let’s begin by defining the roles...
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