K&D Shareholder, Samantha Heaton returns to her alma mater, Rutgers Law School
In a full circle moment, Shareholder Samantha Heaton returned to her alma mater, Rutgers Law School as a guest lecturer for the Estates & Trusts class. Samantha shared her expertise in estate planning, estate and gift tax, and estate administration across New Jersey, Pennsylvania, and Florida with the next generation…
Estate of Monihan v. Director, Division of Taxation (NJ Tax Court, 2026)
Background On January 14, 2026, the New Jersey Tax Court issued its first published decision of the year in the case of Estate of Michael R. Monihan and Holly P. Monihan v. Director, Division of Taxation. The court granted the Division of Taxation’s Cross-Motion for Summary Judgment, ruling against the…
New Jersey Supreme Court Adopts Test for Determining When a Non-Client Can Sue an Attorney for Legal Malpractice
The New Jersey Supreme Court issued a significant ruling involving a malpractice lawsuit brought by a disgruntled family member claiming that she should have been included in her uncle’s Last Will and Testament. The Court held that a drafting attorney owes no duty of care to a non-client, unless there…
Fifth Circuit Reverses Tax Court on Treatment of Limited Partners for Self-Employment
On January 16th, the Fifth Circuit Court of Appeals issued a decision in Sirius Solutions LLP v. CIR. Sirius is a Delaware limited partnership. Its general partner is Sirius Solutions, G.P., LLC, which owned slightly less than a one percent interest in Sirius. The limited partners of Sirius were actively…
Achieving a Better Life Experience Accounts (ABLE)
Achieving a Better Life Experience (“ABLE”) accounts are tax-advantaged savings accounts for individuals with disabilities. These accounts were first created nationally in 2014, and New Jersey ABLE accounts became available in 2017. Home | NJ ABLE. ABLE accounts allow eligible disabled individuals to save and invest money without jeopardizing their…
An Introduction to Trump Accounts and the Contribution Pilot Program
Created through the enactment of the One Big Beautiful Bill Act (OBBBA) on July 4, 2025, “Trump accounts” are a new type of traditional individual retirement account (IRA) specifically designed to enable families to build financial security for their children.[1] A parent or guardian can establish a Trump account for…
Upcoming Annual Tax Seminars – Sign Up Now!
Kulzer & DiPadova, P.A. is once again presenting a number of annual tax seminars reviewing the major changes and legislative trends in taxation throughout 2025. Join us virtually or in person to explore the latest in federal and state legislation, estate tax developments, international taxation requirements, and more! Click on…
Estate Tax Planning Impacts of the OBBBA
On July 4, 2025, President Trump signed the extensive tax changes referred to as “One Big Beautiful Bill” Act (“OBBBA”). One of the major provisions will impact estate planning as we have known it. The OBBBA has extended the 2017 Tax Cut and Jobs Act provisions which were set to…
Property Tax Exemptions in New Jersey for Nonprofits, Religious Institutions, and Schools
New Jersey law provides real estate tax exemptions to certain nonprofit organizations, including religious institutions, educational entities, and other charitable organizations (each referred to here as an “Eligible Entity”). To obtain such an exemption, an Eligible Entity must complete and submit an Initial Statement Claiming Property Tax Exemption (the “Application”)…