Cestone & Thompson, P.C.

12/29/2021

Five attorneys, including a new co-chair, are joining Coughlin Midlige & Garland to serve in the firm's expanding estate, trust, and taxation group.

12/04/2021

On November 8, 2021, Maria A. Cestone, Michael T. Thompson, and Amy M. George joined the Estate, Trust, Taxation, Elder Law & Guardianships Group at Coughlin, Midlige & Garland, LLP, with offices in Morristown and New York City.

https://www.cmg.law/services/estate-trust-taxation-elder-law-guardianships

12/18/2017

Congress Rubs SALT in the Wound

18 - December 2017 Posted By : Michael Thompson Comments Off on Salty: So, about that idea of prepaying state and real estate taxes before the deductions get restricted . . . Salty: So, about that idea of prepaying state and real estate taxes before the deductions get restricted . . . We haven’t b...

10/13/2017

Can I Make a Will on My iPhone? Short answer, no.

12 - October 2017 Posted By : Michael Thompson Comments Off on Unsent Text Message Admitted As Will Unsent Text Message Admitted As Will New Jersey has a very liberal standard for admitting writings intended as a Last Will and Testament. I was once involved in a case where a document – begun as groc...

10/04/2017

http://www.cestonelaw.com/white-house-releases-tax-plan-framework/

04 - October 2017 Posted By : Michael Thompson Comments Off on White House Releases Tax Plan Framework White House Releases Tax Plan Framework On September 27, 2017, the Trump Administration released the long-awaited tax plan, the Unified Framework for Fixing Our Broken Tax Code. In touting the plan...

05/22/2012

02/02/2012

The IRS Understands

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12/08/2011

Discretionary support trusts found not countable in alimony decisions

In an opinion decided December 8, 2011, the New Jersey Supreme Court upheld an Appellate Division decision finding that a spouse’s beneficial interest in a discretionary support trust was not an “asset held by” that spouse for purposes determining the other spouse’s alimony obligation, which overrul...

11/22/2011

Tax Changes are Coming Despite the Failure of the Super Committee

There have been numerous rumors floating around the estate planning community over the last few weeks regarding pending changes to the estate and gift tax regimes prior to the December 31, 2012. I dare say some practitioners have used these rumors as a scare tactic to encourage clients to take adva...

08/12/2011

Disputes Over James Brown’s Charitable Trust Drag On

When James Brown died in 2006 at age 73, he left his $100 million dollar estate in a charitable trust to help educate underprivileged children in South Carolina and Georgia and largely disinheriting his children. Yet, over four years since his death the trust has not made any distributions to help h...

07/12/2011

The Tax Impact of Derek Jeter’s 3,000th Hit

As has been widely reported, Yankees shortstop Derek Jeter hit his 3,000 hit in the third inning of Saturday’s game against the Tampa Bay Rays with a home run to left. Christian Lopez, a 23-year-old cell phone salesman, emerged with the ball after a scrum in the left field seats. In a time where suc

05/11/2011

http://cestonelaw.tumblr.com/post/5392358266/vindictive-millionaire-uses-rule-against-perpetuities

Wellington R Burt was one of the wealthiest people in America when he died in 1919. Apparently, he had a lot of problems with his heirs. Instead of airing his grievances with them while he was alive, he wrote his will in such a way that hisdescendants had wait 92 years before they could inherit – th