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McCurrie McCurrie
& McCurrie, L.L.C.

680 Kearny Avenue
Kearny, NJ 07032-3010
Phone: (201) 467-4180
Fax: (201) 997-9567
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September 2013 Archives

Walton family protects $100 billion fortune with trusts

Millions of people in New Jersey and other states shop regularly at Wal-Mart. Consequently, the Walton family, descendants of Wal-Mart founder Sam Walton, has more than $100 billion in assets, making it one of the wealthiest families in the world.

TV star Simon Cowell plans to leave fortune to charity

People in New Jersey typically leave their financial assets to their children and grandchildren. However, some people who are passionate about a cause or charitable organization may choose to donate all or part of their estate. Fortunately, through estate planning, people remain in control over where their money goes after they die.

After girl’s parents refuse chemotherapy, hospital seeks guardianship

When a New Jersey child is terminally ill, his or her parents typically have the legal authority to make critical decisions about their child’s health care. However, in some cases, the court decides that the parents aren’t capable of making these important decisions, and guardianship of the child is given to another person. In order to transfer guardianship from the parents, it must be clear to the judge that the child’s parents do not have the best interests of the child in mind.

Federal tax changes have impact on estate planning

Sometimes federal and state governments pass laws that have a tremendous impact on estate planning. For this reason, it’s important for New Jersey residents to pay close attention to these changes and react appropriately. Otherwise, they could be facing an enormous tax liability at the end of their life, which could be disastrous to their children’s financial lives.

Actor Gandolfini's heirs face $30 million tax bill

When people reach the end of their lives, they typically want their family members and loved ones to receive as many financial benefits as possible. Through effective estate planning, people in New Jersey can work to ensure that beneficiaries’ inheritances aren’t consumed by taxes. In some cases, the total estate tax bill can reach tens of millions of dollars.

Fertility treatments can make estate planning more complicated

Through wills and trusts, New Jersey families are able to support their children and grandchildren even after they have died. In fact, many people take great pride in the fact that they’re taking care of their families. Although the two are seemingly unrelated, the growing availability of fertility treatment now has a significant impact on estate planning.