“In 2015, U.S. health care costs were $3.2 trillion. That makes health care one of the country’s largest industries, equaling to 17.8% of gross domestic product (GDP). In comparison, health care costs were $27.2 billion in 1960, just 5% of GDP.” 1 “Advocacy group Autism Speaks reports that the cost of caring for a person…
Month: January 2018
Timing Your Passing
It’s never a “good year” to die; however, if you live in New Jersey and made it to 2018 with a sizable estate, it’s possible your estate’s tax exposure just fell considerably. The amount exempt from the federal estate and gift tax had been scheduled to rise to $5.6 million so as to take into…
Review Estate Plans in 2018
Dear Garden State Trust Company: I heard that the exemption from the federal estate tax has doubled. What does this mean for my estate plans? —Following Up Dear Following: Whenever there is a major change in the federal taxation of estates and gifts, that moment is a good one for the review of estate plans…