Hackensack, New Jersey Estate Litigation Attorneys
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What Is a GRAT, and Do I Need to Have One for My Estate?

by Knee Law | Jun 16, 2022 | Estate Planning, Trusts

What Are Grantor Retained Annuity Trusts? A Grantor Retained Annuity Trust, or GRAT, is a type of irrevocable trust administered by a third party and used to lower the value of your assets that will be taxed by the IRS for estate tax purposes. The GRAT’s...

How You Can Take Advantage of Gifting Your Assets

by Knee Law | Jan 11, 2022 | Estate Planning, Trusts

Everything You Should Know About Gifting Assets During Your Lifetime When a person dies, it’s common for their estate to go through the probate process, which may require certain assets to be taxed. Keep in mind that around 55% of all Americans haven’t...

The Best Way to Establish Gifts in Your Estate Plan

by Knee Law | Nov 27, 2020 | Estate Planning

Ways to Use Gifting in Your Estate Planning Tragically, 95% of the people who died as a result of COVID-19 were seniors, and many didn’t have a chance to properly establish their estates. Unfortunately, thanks to COVID-19, the need to engage in appropriate...

Four Ways to Help Lower Your Estate Tax Burden

by Knee Law | Feb 18, 2020 | Estate Planning, Tax Law

4 Methods of Cutting Your Estate Tax One of the main functions of an estate planning lawyer is to help minimize your tax obligations in the event that you pass away. If your estate is bigger than the federal exemption, you may be obligated to pay an estate tax to the...

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