Everyone needs a will, durable power of attorney with a HIPPA waiver and an advance directive for health care. Sometimes the Internal Revenue Service will pursue a tax deficiency, impose a penalty, or issue a lien. The loss of a loved one can be very difficult. Even more difficult can be the issues with the taxing authorities, retitling of assets, and settling family differences.
Our firm has thirty-seven years of experience in the administration of estates. A private foundation is a not-for-profit entity. This entity allows you to choose both the objectives and the persons who will carry out your charitable goals both while you are alive or after you have passed away. In today's litigation prone society, there is no guarantee that you will not be the subject of a frivolous lawsuit at any time.
Our firm has thirty-seven years of experience in the administration of estates. A private foundation is a not-for-profit entity. This entity allows you to choose both the objectives and the persons who will carry out your charitable goals both while you are alive or after you have passed away. In today's litigation prone society, there is no guarantee that you will not be the subject of a frivolous lawsuit at any time.
Services
The firm of Kosarek & Keane has been serving legal needs since 1980. Our attorneys are licensed to practice before all New Jersey State and Federal Courts, all State and Federal Courts of the State of Florida as well as the United States Tax Court. The Firms Estate Planning and Tax Planning for individuals include formation and operation of Partnerships, Limited Liability Companies and Corporations.
Everyone needs three basic documents, a will, durable power of attorney with a HIPPA waiver and an advance directive for health care with a HIPPA waiver. The will controls the disposition of your assets at death and may contain trust provisions to protect your heirs in the case of their divorce or from the claims of creditors.
We can aid executors and trustees in the administration of trusts and estates. Many persons are misled into thinking an estate administration is merely filling out a tax waiver form. This is not the case. Obtaining the tax waivers is only a small portion of the executor's duties. An executor or administrator of an estate has a fiduciary duty to all beneficiaries.
Our firm will show how trusts can accomplish many family objectives. In addition to tax savings, trusts can protect future generations from their own inexperience in handling assets. A uniform gifts to minors act account will not provide your family with this same protection. Trusts may also be used as tools to protect individuals from the reach of frivolous lawsuits or to insulate assets from the reach of a former spouse in matrimonial actions.
Sometimes the Internal Revenue Service will pursue a tax deficiency, impose a penalty, or issue a lien or Levy that is not justified. This office can represent you in these matters. If we cannot agree with the agent handling your case, there is an office within the Internal Revenue Service known as IRS Appeals.
