Is Florida now a Community Property State?

On June 29, 2021, Governor Ron DeSantis signed into law Senate Bill 1070, known as the Florida Uniform Directed Trust Act (the “Act”), which expands Florida’s directed trust laws.  A directed trust is a trust that appoints a third-party (often called a trust director or trust protector) to provide direction to a trustee regarding trust […]

The Crypto Estate

According to Google Trends, the amount of people searching “cryptocurrency” or “crypto” reached an all-time high this year.  However, many people do not understand the intricacies or implications of cryptocurrency.  Using and investing in cryptocurrency creates considerable estate planning and tax implications. Cryptocurrency is a form of digital currency that is used to purchase goods […]

Changing Residency from New Jersey to Florida

Now more than ever, people are contemplating changing their state residency. We are frequently approached by clients seeking to relocate to Florida for financial reasons but they do not always understand the financial benefits or the process of establishing Florida residency.  To help you decide whether a permanent move from New Jersey to Florida is […]

Part Two: The Mechanics of an ABLE Account

After part one of our article regarding ABLE accounts, we received several inquiries about how funds in ABLE accounts may be invested, how ABLE accounts differ from a 529 college savings plan, what constitutes permissible uses of ABLE account funds and what happens to account funds after the participant passes away.  “ABLE” is an acronym […]

Establishing an ABLE Account in Florida

The Achieving a Better Life Experience Act (the “ABLE Act”) provides families with a valuable savings mechanism that has been underutilized since its enactment into federal law on December 19, 2014.  The ABLE Act assists individuals and families in establishing tax-free savings accounts to maintain health, independence and quality of life for individuals with disabilities. […]

AN OVERVIEW OF HEALTH SAVINGS ACCOUNTS

The cost of healthcare is a significant concern to most Americans.  A Health Savings Account (“HSA”) allows health insurance subscribers to save federal income taxes. An HSA is a federal tax-exempt trust or custodial account that may be established by qualifying individuals with an HSA trustee, which may be a bank, insurance company, or an […]

Preserving Social Security Benefits Against Creditor Claims

Debt is common for most Americans. Unexpected events such as job loss or sickness may cause defaults on debt.  The resulting credit damage or creditor judgments may follow a debtor for life. To that end, many Americans nearing retirement or in retirement who rely on social security benefits wonder if social security benefits are subject […]

Jarad Stiles to speak at Absecon Business & Commercial Development meeting March 14

See our album of photos from last night’s event with the Absecon Business & Commercial Development General Membership Meeting on March 14. PLACE: Villa Rifici’s, 308 White Horse Pike, Absecon. MEET & GREET: 5:30 pm Meet & Greet with appetizers and cash bar GUEST SPEAKER: 6:15 p. Jarad K. Stiles, Business Tax Attorney from Cooper […]

Cooper Levenson Tax Law Group to Speak at NJCPA Seminar Thursday Oct. 26

NJCPA Atlantic Cape May Chapter Breakfast Briefing Cooper Levenson Tax Law Practice Group Thursday, October 26, 2017 8:15 a.m. – 12:15 p.m. Six Estate Planning Essentials for High Net Worth Clients Presented by: Michael L. Salad, Esq.,LL.M. Trustworthy? Tax and Trust Planning with Life Insurance Presented by: Jarad K. Stiles, Esq., LL.M. New Jersey Tax […]