The New Jersey Appellate Division recently issued its opinion in Estate of Van Riper v. Dir., Div. of Taxation, No. A-3024-16T4 (N.J. Super. Ct. App. Div. Oct. 3, 2018), upholding the Tax Court’s finding that the full fair market value of a marital home transferred to a trust was subject to New Jersey Inheritance
Trusts
Inheritance and the Importance of Creating a Special Needs Trust
By Tishya M. Signorelli on
Posted in Special Needs Trusts
An inheritance left to a person with special needs must be distributed to a special needs trust to avoid jeopardizing such person’s government benefits. A special needs trust can be created during lifetime or through a person’s Will upon death. If a special needs trust is not properly established, this creates a myriad of problems …