Dear Ask the Attorney: I have three children —8, 12 and 14. The 14 year old had a huge argument with my ex-husband a few months ago and now refuses to go to his father’s house during his visitation times (Wednesday nights and every other weekend). My husband wants me […]
Dear Ask the Attorney: I was in a car accident on my way from home to work in a company car. While sitting at a red light on Route 46 I was hit from behind and badly injured. I have been unable to work since. Would this be considered a […]
Dear Ask the Attorney: Recently I was laid off from my job. My last paycheck was mailed to me and when I tried to deposit it, it was returned for insufficient funds. I contacted my employer and he replaced the check with a new one, but that one also was […]
On December 17, 2010, Congress enacted what we know as the 2010 Tax Act, changing the estate, gift and generation-skipping transfer (“GST”) tax regime. Before the passage of the Act, the federal estate tax exemption – the amount that an individual can pass to his or her beneficiaries tax-free – increased in steps from $675,000 per individual in 2001 to, ultimately, $3.5 million per individual in 2009. In 2010, the federal estate tax was eliminated; but only temporarily. Under prior law, the federal estate tax was scheduled to return in 2011 with a maximum tax rate of 55 percent and a $1 million exemption, meaning that if a decedent’s estate exceeded $1 million, such excess would be taxed at a 55 percent rate.