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Scarinci Hollenbeck remains committed not only to providing top-tier legal services but also to regularly providing information and resources to our client base and internet following. Client Alerts provided by our attorneys supply businesses, municipalities, and more with the latest and relevant legal updates that may impact them and how they might be able to proceed.

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NJ Law Firm Expands Tax, Trusts & Estates Group

Jeffrey R. Pittard joins Scarinci Hollenbeck’s tax, trusts and estates practice group as Counsel Lyndhurst, New Jersey, November 10, 2016 – Scarinci Hollenbeck has expanded its Tax, Trusts and Estates law group with the addition of Counsel Jeffrey R. Pittard. Mr. Pittard will be based at the firm’s Lyndhurst office and brings solid experience to the […]

Author: Scarinci Hollenbeck, LLC

November 10, 2016

Will Execution, Witnesses & Notaries – State Law Does Matter

Where state law matters in proper will execution We expect that as time passes, people become more sophisticated and aware of what must be done to execute a valid will. Unfortunately, this is not so. In certain states, execution of a will is complete when it is signed by a second witness. Some states require […]

Author: James F. McDonough

October 18, 2016

Will Spendthrift Language In A Trust Always Be Respected or Not?

Will Spendthrift Language In A Trust Always Be Respected? The unequivocal answer to the question is: it depends. The grantor’s purpose for including spendthrift language in a trust is to protect the trust assets set from the beneficiary’s creditors and to prevent the beneficiary from selling or assigning his or her interest in the trust. […]

Author: James F. McDonough

February 24, 2016

Tax Court Decides to Issue Limits to Life Insurance Policy Control

Although all individuals holding a life insurance policy own an investment, they did not have the legal right to exert control over the investments inside the policy. However, according to a recent ruling by the U.S. Tax Court, investors who exercise control over how money is invested are subject to tax on the investment income. […]

Author: James F. McDonough

September 11, 2015

Decanting By Various Means

Decanting is a popular topic among wealth advisers, trust companies, and tax professionals. In the wine industry, it means putting old wine into a new bottle. In the trust field, it means to transfer assets to a new trust to be governed by a new trust instrument that takes into account changes in law and […]

Author: James F. McDonough

October 8, 2013

Trusts

The Plight of Billionaires Looking For New Havens to Shield Assets

In a recent article in Wealth Management, the author David de Jong and Robert Lafranco describe the difficulty billionaires face in providing a safe haven to shield assets. For example, they point out the troubles of Dimitry Rybolovelev who is Russia’s 14th richest person and is embroiled in a multi-jurisdiction divorce action with his wife. […]

Author: Frank L. Brunetti

July 30, 2013

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