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Archive for October 21, 2016

Domestic Asset Protection Trusts v. Prenuptial Agreements

RANDALL H. BORKUS, JD, JAMES W. COLLINS, JD, AND RICHARD J. SHAPIRO, JD WEALTHCOUNSEL MEMBERS SINCE 2011

Divorce is an unfortunate reality these days as 40% - 50% of first marriages and 60% of second marriages end in divorce.' Without appropriate planning, a ...

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Act Now! There’s Still Time to Avoid the New IRS Regulations That Might Raise Taxes on Your Family’s Inheritance

The IRS recently released proposed regulations which effectively end valuation discounts that have been relied upon for over 20 years. If the IRS’s current timetable holds, these regulations may become final as early as January 1, 2017. Although that date isn’t set in stone, we expect that the regul...

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Are You Listening Hard or Hardly Listening?

There are some universal, timeless truths in this brief piece regarding which we all need fresh reminders and wake-up calls on a regular basis.  Allow me to set the stage with a personal memory.  I grew up in a home in the Midwest where my father owned a small meat market and grocery store.   I bega...

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A “Tax Day Primer”: A Brief Recap and Hope in New Jersey

By Attorney James W. Collins, Borkus Collins Law, PA.  April 15, 2016   The manner in which the various states in the U.S. handle their state level estate tax (aka “death tax”) and inheritance tax, in addition to the federal estate tax realities that affect citiz...

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