Author: Thomas L. Earp

May 2020

Proposed Regulations Clarify that Excess Section 67(e) Deductions Available Upon Termination of Estates and Trusts Retain their Character and are an Above-the-Line Deduction to Beneficiaries

On May 7, 2020, the Treasury Department and IRS issued long-awaited proposed regulations on the issue of the ability of…

Thomas L. Earp
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Thomas L. Earp


Feb 2020

New Jersey Enacts Pass-Through Business Alternative Income Tax Act

SUMMARY On January 13, 2020, Governor Murphy signed the Pass-Through Business Alternative Income Tax Act (the “Act”) into law. As…

Thomas L. Earp
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Thomas L. Earp


Sep 2018

Proposed Regulations Issued in Response to Workarounds to Limit on State/Local Tax (SALT) Deduction

The Treasury Department and Internal Revenue Service have issued proposed regulations under Section 170 of the Internal Revenue Code (the…

Thomas L. Earp
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Thomas L. Earp


Apr 2018

Don’t Forget About Your Pets When Reviewing Your Estate Plan

We consider our pets important members of our family.  We are there for them when in need and strive to…

Thomas L. Earp
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Thomas L. Earp


Apr 2018

Junior Achievement Gold Leadership Award Recipient

The firm would like to congratulate Thomas L. Earp on a prestigious honor. On March 13, 2018, Tom received the 2017-2018 Gold…

Thomas L. Earp
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Thomas L. Earp


Feb 2018

Impact of the Tax Cuts and Jobs Act on Individual, Estate and Gift Taxes

On December 22, 2017, the Tax Cuts and Jobs Act (the “Act”) was signed into law, making significant changes to…

Thomas L. Earp
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Thomas L. Earp


Oct 2017

Uniform Fiduciary Access to Digital Assets Act Signed into New Jersey Law

If you become unable to handle your affairs or pass away, do you know who will be permitted to manage…

Thomas L. Earp
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Thomas L. Earp


Mar 2017

Recent Changes to the New Jersey Estate Tax

On October 14, 2016, Governor Christie signed important new tax legislation into law affecting New Jersey residents.  At the heart…