Trusts and Estates

2018 Estate and Gift Tax Adjustments


The federal estate, gift, and generation-skipping transfer tax exclusions are adjusted annually for inflation. On November 6, 2017, the IRS published the 2018 inflation adjustments in the Internal Revenue Bulletin No. 2017-45, which can be found here. Effective January 1, 2018, the 2018 federal estate and gift tax exemption will be $5,600,000 per individual and…

New Jersey Estate Tax Changes


In October, Governor Chris Christie signed a transportation funding bill which included the New Jersey Estate Tax Repeal. This bill will go into effect on January 1, 2018. What Does The Change Mean? You may be wondering what this tax repeal means for your estate. Currently, New Jersey has an estate tax exemption of $675,000….

Estate Planning: How to Handle Your Digital Assets

Estate Planning Digital Assets

So you’ve been thinking of making a plan for your estate. This is a smart idea and is something that all adults should consider. Establishing a plan for how you want your assets divided can reduce a large number of issues that may occur once you’ve passed away. Typically, “assets” are thought to come in…

Introduction to McCarthy Weidler from Gary J. McCarthy

Gary Mccarthy Lawyer

Welcome to the firm of McCarthy Weidler. I am Gary J. McCarthy, co-founder of this firm. Together with my partner, Rachel Weidler, we established McCarthy Weidler in January 2013. We are proud to introduce McCarthy Weidler to those that may be visiting us for the first time, and re-introduce our Philadelphia law firm to our…