by Knee Law | Apr 30, 2023 | Estate Law, Estate Planning
For the most part, grantors are required to give up all control of gifted assets. This has many people so afraid of estate tax inclusion that they are completely repelled from this option, but the 529 plan provides the single exception to the rule. Section 529 of the...
by Knee Law | Apr 12, 2023 | Estate Law, Estate Planning
Creating an Estate Plan When Interest Rates Are High In 2022, the Federal Reserve hiked the federal funds rate several times, which resulted in interest rates increasing by a considerable amount. Interest rates for a 30-year mortgage are just over 6% at the moment,...
by Knee Law | Dec 28, 2022 | Estate Planning
Creating an Inflation-Proof Estate Plan Inflation is affecting more people in recent years, no matter who you are or what your estate planning style is. From 2011 to 2022, the inflation rate has risen from 3.2% to 8.3%. Regardless of what your estate plan looks like,...
by Knee Law | Dec 18, 2022 | Estate Planning
Five Tips for Picking Your Estate Plan Agent and Fiduciaries Fiduciaries for an estate plan can include agents, trustees, or executors, which is why selecting fiduciaries is essential for any estate plan to be successful. Around 67% of Americans do not have an estate...
by Knee Law | Dec 15, 2022 | Estate Planning
Beneficiary Mistakes You Don’t Want to Make Any assets held in your estate at the time of your death will likely be subject to probate. New Jersey probate is a simple process that should be completed in one month’s time, assuming that no one launches a...
