Hackensack New Jersey Estate Planning, Probate and Living Trusts Attorneys Power Law Firm LLP
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Hackensack Estate Planning Attorneys
Thank you for visiting the Estate Planning Information Center for Northern NJ and the Greater NYC Metro Area, brought to you by Power Law Firm LLP. We are estate planning attorneys whose mission is to provide residents of Northern NJ and the Greater NYC Metro Area with quality estate planning resources. When you visit or call our office, we want you to feel comfortable discussing important issues concerning you and your family. We want to arm you with the information you need to make an informed decision about your family's future.
 
LATEST NEWS

 American Academy of Estate Planning Attorneys Recognized by Money Magazine Again

Carolyn Bigda’s article “Rethink Your Legacy” in the June issue of Money Magazine explores the five questions you should be asking regarding your estate. The article recommends the American Academy’s website, www.aaepa.com, as a source to find a qualified estate planning attorney. The Associate Director of Education at the Academy, Steve Hartnett, was also interviewed in the article and lent his expertise to one of the five questions. This is the fifth mention of finding a quality attorney on the American Academy’s members list by Money Magazine in the last 21 issues.


 Consumer Reports Recommends American Academy

The American Academy of Estate Planning Attorneys was recommended in the January 2009 Consumer Reports Money Adviser newsletter. The article “How to Avoid Inheritance Feuds” focuses on techniques for avoiding conflict after a loved one passes away. The article recommends using the American Academy of Estate Planning Attorneys as a source for selecting a qualified estate planning attorney. The article also warned consumers to be explicit in their will in order to avoid disagreements. Other advice included deciding what is fair for each heir versus just dividing assets evenly and to keep everyone in your family informed of decisions beforehand.

Consumer Reports Money Adviser is an independent, non-profit newsletter that offers expert advice.

Click here to find out why our American Academy membership is so important to our firm and the many families we provide guidance to each year.


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ESTATE PLANNING NEWS
 Estate Planning: Know the Terminology

Although thinking of one's own death is an uncomfortable task, most people agree that initiating some form of estate planning is prudent. However, some people may feel intimidated by meeting with an attorney to discuss their needs because of an unfamiliarity with the law. A good lawyer will discuss your available options in simple terms that a person with no legal training can comprehend. But you can also relieve some of that hesitancy by familiarizing yourself with legal terminology before meeting with a qualified estate planning attorney to discuss the appropriate choices for you.

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CLIENT NEWSLETTERS
 Your Estate Matters Newsletter, Vol. 14.2

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EDUCATIONAL ALERTS
 JGTRRA Brings Tax Relief for Businesses

In this e-alert, we summarize how JGTRRA brings tax relief to small businesses and corporations.

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EDUCATIONAL FYIs
 Treasury Department Curtails Abusive Use of Life Insurance and Annuity Contracts

The Treasury Department and the IRS issued two Revenue Rulings designed to curtail the abusive use of life insurance and annuity contracts to avoid current taxation on investment earnings.  Life insurance and annuity contracts receive favorable treatment under the Internal Revenue Code, including deferring tax on the investment earnings of those contracts, because they provide life insurance protection or a way to save for retirement.

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 Critical New Privacy Regulations Impact You and Every Member of Your Family
In April 2003 the U.S. Department of Health and Human Services issued final regulations regarding the privacy provisions of the Health Insurance Portability and Accountability Act, commonly known as "HIPAA."

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