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  • Nov 07, 2018James J. Costello, Jr. to Present on Using Trusts in Estate Planning and Asset Protection

    James J. Costello, Jr., a Member of law firm Norris McLaughlin, P.A., and Co-Chair of its Trust, Estate and Individual Tax Group, will be a featured speaker at “Using Trusts in Estate Planning and Asset Protection,” sponsored by The National Business Institute (NBI).  The seminar will take place at the Courtyard Princeton on Thursday, November 15, and Friday, November 16, from 9:00 am to 4:30 pm.

    The seminar will address the effective use of trusts in estate planning and asset protection. Presenters will explore a variety of planning tools that will help tailor a trust that fits the client’s specific situation. CLE, CPE, IACET, and PACE credits are available. For more information or to register, please visit the NBI’s web site here.

    Costello focuses his practice on estate planning and administration, litigation and disputes among beneficiaries, general federal and state tax law and controversies, and the formation, dissolution, purchase, sale and mergers of all types of closely-held business entities.

    Costello represents individuals in all aspects of general and sophisticated estate planning, including drafting wills, lifetime and testamentary trusts, powers of attorney, health care directives, prenuptial agreements and co-habitation agreements, employing sophisticated strategies when warranted matters include family limited liability companies (“LLCs”), sales to intentionally defective grantor trusts, spousal lifetime access trusts (“SLATS”), dynasty trusts and charitable trusts.  His representation of fiduciaries covers all aspects of estate and trust administration, including preparation and filing of federal and state estate and income tax returns; representation in IRS and New Jersey Division of Taxation audits; litigation and disputes among beneficiaries; preparation and filing of federal and state estate and inheritance tax returns; and defending those returns on audit.

    Costello has published articles and lectured extensively to civic and professional groups on estate planning, elder law, and tax law topics.  He is a former Trustee and Advisory Board Council member of Alzheimer’s New Jersey (formerly known as the Greater New Jersey Chapter of the Alzheimer’s Association), and a former Trustee and Secretary of the Bernardsville Library Foundation, Inc. and currently serves on the Vestry of the Church of St. John on the Mountain in Bernardsville. Costello earned his J.D. from Western New England College School of Law and his M.L.T. from Georgetown University Law Center.

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  • Dec 12, 2017James J. Costello, Jr. to Speak at Seminar on Probate Process

    James J. Costello, Jr., a Member of the Bridgewater-based law firm Norris McLaughlin, P.A., will be a featured speaker at “The Probate Process from Start to Finish,” sponsored by The National Business Institute.  The seminar will take place at the Holiday Inn Princeton on Tuesday, December 19, from 8:30 am to 4:40 pm and at the Clarion Hotel and Conference Center of Toms River on Wednesday, December 20 from 8:30 am to 4:40 pm.

    The seminar is an “a through z” guide to probate designed to take the attendee from the first days of the estate timeline through all the steps of the initial filing, locating and paying the creditors, paying the beneficiaries, and laying the estate to rest. Attendees will receive the latest updates on the probate court procedure and tax laws, practical guidance from experienced probate attorneys on resolving estate disputes, and sample forms and checklists to speed up the administration process. CLE CPE, IACET, and PACE credits are available. For more information or to register, visit the NBI’s web site at www.nbi-sems.com.

    Costello focuses his practice on estate planning and administration; elder law; litigation and disputes among beneficiaries; general federal and state tax law and controversies; and the formation, dissolution, purchase and sale of all types of closely-held business entities.

    He represents individuals in all aspects of general and sophisticated estate planning, including drafting wills, lifetime and testamentary trusts, powers of attorney, health care directives, prenuptial agreements and co-habitation agreements, employing sophisticated strategies when warranted matters include family limited liability companies (“LLCs”), sales to intentionally defective grantor trusts, spousal lifetime access trusts (“SLATS”), dynasty trusts and charitable trusts.  His representation of fiduciaries covers all aspects of estate and trust administration, including preparation and filing of federal and state estate and income tax returns; representation in IRS and New Jersey Division of Taxation audits; litigation and disputes among beneficiaries; preparation and filing of federal and state estate and inheritance tax returns; and defending those returns on audit.

    Costello has published articles and lectured extensively to civic and professional groups about a variety of estate planning, elder law and tax law topics.  He is a former Trustee and Advisory Board Council member of the Alzheimer’s New Jersey (formerly known as the Greater New Jersey Chapter of the Alzheimer’s Association), and a former Trustee and Secretary of the Bernardsville Library Foundation, Inc. and currently serves on the Vestry of the Church of St. John on the Mountain in Bernardsville, New Jersey.  Costello earned his J.D. from Western New England College School of Law and his M.L.T. from Georgetown University Law Center.

    Posted in: Estate Planning & Administration, James J. Costello, News |

  • Sep 06, 2017James J. Costello, Jr. to Speak at Alzheimer’s New Jersey Conference

    James J. Costello, Jr., a Member of the Bridgewater-based law firm Norris McLaughlin, P.A., will be a featured speaker at “Alzheimer’s Disease: Approaches to Care,” sponsored by Alzheimer’s New Jersey.  The conference will take place at the Capital Health Medical Center-Hopewell in Pennington on Saturday, September 16, from 8:30 am to 12:30 pm.

    The half-day conference for caregivers will provide practical information about how to cope with the unique challenges of caring for someone with Alzheimer’s disease. Costello will conduct a session detailing legal and financial planning. To register, please visit http://www.alznj.org.

    Costello focuses his practice on estate planning and administration; elder law; litigation and disputes among beneficiaries; general federal and state tax law and controversies; and the formation, dissolution, purchase and sale of all types of closely-held business entities.

    He represents individuals in all aspects of general and sophisticated estate planning, including drafting wills, lifetime and testamentary trusts, powers of attorney, health care directives, prenuptial agreements and co-habitation agreements, employing sophisticated strategies when warranted matters include family limited liability companies (“LLCs”), sales to intentionally defective grantor trusts, spousal lifetime access trusts (“SLATS”), dynasty trusts and charitable trusts.  His representation of fiduciaries covers all aspects of estate and trust administration, including preparation and filing of federal and state estate and income tax returns; representation in IRS and New Jersey Division of Taxation audits; litigation and disputes among beneficiaries; preparation and filing of federal and state estate and inheritance tax returns; and defending those returns on audit.

    Costello has published articles and lectured extensively to civic and professional groups about a variety of estate planning, elder law and tax law topics.  He is a former Trustee and Advisory Board Council member of the Alzheimer’s New Jersey (formerly known as the Greater New Jersey Chapter of the Alzheimer’s Association), and a former Trustee and Secretary of the Bernardsville Library Foundation, Inc. and currently serves on the Vestry of the Church of St. John on the Mountain in Bernardsville.  Costello earned his J.D. from Western New England College School of Law and his M.L.T. from Georgetown University Law Center.

    Posted in: Estate Planning & Administration, James J. Costello, News |

  • Nov 01, 2016Norris McLaughlin, P.A. Launches Beneficiary Rights Blog

    Norris McLaughlin, P.A., has launched a NJ Beneficiary Rights blog, which can be found at www.nmmlaw.com/njbr. James J. Costello, Jr. will author the blog.

    The blog will seek to inform Beneficiaries and Fiduciaries (Executors and Trustees) of Estates and Trusts of their rights and obligations under New Jersey and sometimes Federal law by analyzing important court decisions and relevant provisions of the law and by imparting lessons drawn from our own experience in our day-to-day practice.  Entries will also include issues relating to relatives, friends or other loved ones who are alive but compromised due to advanced age or illness, and therefore susceptible to manipulation.

    “The death of a relative, friend, or other loved one can be a traumatic and sometimes life-changing experience. I hope this blog can provide people with a better understanding of their rights and obligations during such a difficult time,” said Jim Costello.

    Costello focuses his practice on estate planning and administration; litigation and disputes among beneficiaries; general federal and state tax law and controversies; and the formation, dissolution, purchase and sale of all types of closely-held business entities.

    He represents individuals in all aspects of general and sophisticated estate planning, including drafting wills, lifetime and testamentary trusts, powers of attorney, health care directives, prenuptial agreements and co-habitation agreements, employing sophisticated strategies when warranted, including family limited liability companies (“LLCs”), sales to intentionally defective grantor trusts, spousal lifetime access trusts (“SLATS”), dynasty trusts and charitable trusts.  His representation of fiduciaries includes all aspects of estate and trust administration, including preparation and filing of federal and state estate and income tax returns; representation in IRS and New Jersey Division of Taxation audits; litigation and disputes among beneficiaries; preparation and filing of federal and state estate and inheritance tax returns and defending those returns on audit.

    Costello has published articles and lectured extensively to civic and professional groups about a variety of estate planning and tax law topics.  He is a former Trustee and current Advisory Board Council member of the Greater New Jersey Chapter of the Alzheimer’s Association, and is a Trustee and the Secretary of the Bernardsville Library Foundation, Inc.  Costello earned his J.D. from Western New England College School of Law and his M.L.T. from Georgetown University Law Center.

    Posted in: Estate Planning & Administration, James J. Costello, News |

  • Oct 18, 2016James J. Costello, Jr., to Speak at “Revocable Living Trusts from Start to Finish” Seminar

    James J. Costello, Jr., a Member of the Bridgewater-based law firm Norris McLaughlin, P.A., will be a featured speaker at “Revocable Living Trusts from Start to Finish,” sponsored by The National Business Institute.  The seminar will take place at the Holiday Inn Princeton on Monday, November 7, from 9:00 am to 4:30 pm.

    Attendees will receive straightforward instruction to clarify when RLTs are used most effectively and avoid drafting and administration mistakes that could be haunting later down the line.  For more information or to register, visit the NBI’s web site at www.nbi-sems.com.

    Costello focuses his practice on estate planning and administration; litigation and disputes among beneficiaries; general federal and state tax law and controversies; and the formation, dissolution, purchase and sale of all types of closely-held business entities.

    He represents individuals in all aspects of general and sophisticated estate planning, including drafting wills, lifetime and testamentary trusts, powers of attorney, health care directives, prenuptial agreements and co-habitation agreements, employing sophisticated strategies when warranted matters include family limited liability companies (“LLCs”), sales to intentionally defective grantor trusts, spousal lifetime access trusts (“SLATS”), dynasty trusts and charitable trusts.  His representation of fiduciaries covers all aspects of estate and trust administration, including preparation and filing of federal and state estate and income tax returns; representation in IRS and New Jersey Division of Taxation audits; litigation and disputes among beneficiaries; preparation and filing of federal and state estate and inheritance tax returns; and defending those returns on audit.

    Costello has published articles and lectured extensively to civic and professional groups about a variety of estate planning and tax law topics.  He is a former Trustee and current Advisory Board Council member of the Greater New Jersey Chapter of the Alzheimer’s Association, and a Trustee and the former Secretary of the Bernardsville Library Foundation, Inc.  Costello earned his J.D. from Western New England College School of Law and his M.L.T. from Georgetown University Law Center.

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  • Jun 13, 2016James J. Costello, Jr. to Speak at “Estate Administration Procedures: Why Each Step Is Important” Seminar

    James J. Costello, Jr., a Member of the Bridgewater-based law firm Norris McLaughlin, P.A., will be a featured speaker at “Estate Administration Procedures: Why Each Step Is Important,” sponsored by The National Business Institute.   The seminar will take place at the Holiday Inn Princeton on Monday, June 20, from 8:30 am to 4:30 pm.

    The course will weigh the pros and cons of informal administration and learn how it can be advantageously used. Attendees will receive straightforward instruction to help them know their options: take a look at alternative methods to closing the estate. For more information or to register, visit the NBI’s web site at www.nbi-sems.com

    Costello focuses his practice on estate planning and administration; litigation and disputes among beneficiaries; general federal and state tax law and controversies; and the formation, dissolution, purchase and sale of all types of closely-held business entities.

    He represents individuals in all aspects of general and sophisticated estate planning, including drafting wills, lifetime and testamentary trusts, powers of attorney, health care directives, prenuptial agreements and co-habitation agreements, employing sophisticated strategies when warranted, including family limited liability companies (“LLCs”), sales to intentionally defective grantor trusts, spousal lifetime access trusts (“SLATS”), dynasty trusts and charitable trusts.  His representation of fiduciaries includes all aspects of estate and trust administration, including preparation and filing of federal and state estate and income tax returns; representation in IRS and New Jersey Division of Taxation audits; litigation and disputes among beneficiaries; preparation and filing of federal and state estate and inheritance tax returns and defending those returns on audit.

    Costello has published articles and lectured extensively to civic and professional groups about a variety of estate planning and tax law topics.  He is a former Trustee and current Advisory Board Council member of the Greater New Jersey Chapter of the Alzheimer’s Association, and is a Trustee and the Secretary of the Bernardsville Library Foundation, Inc.  Costello earned his J.D. from Western New England College School of Law and his M.L.T. from Georgetown University Law Center.

     

    Posted in: Estate Planning & Administration, James J. Costello, News |

  • Dec 04, 2014James J. Costello, Jr., to Speak at “Tax Planning for Trusts and Estates” Seminar

    Bridgewater, NJ (December 4, 2014) – James J. Costello, Jr., a Member of the Bridgewater-based law firm Norris McLaughlin, P.A., will be a featured speaker at “Tax Planning for Trusts and Estates,” sponsored by The National Business Institute.   The seminar will take place at the Holiday Inn Princeton on Wednesday, December 10, from 9:00 am to 4:30 pm.

    The course will offer practical tax planning strategies that will help minimize tax burdens and ensure IRS compliance. Attendees will receive straightforward instruction to help them through both routine tax return preparation and the final accounting. Costello’s topic will be income taxation of trusts and estates. For more information or to register, visit the NBI’s web site at www.nbi-sems.com

    Costello focuses his practice on estate planning and administration; litigation and disputes among beneficiaries; general federal and state tax law and controversies; and the formation, dissolution, purchase and sale of all types of closely-held business entities.

    He represents individuals in all aspects of general and sophisticated estate planning, including drafting wills, lifetime and testamentary trusts, powers of attorney, health care directives, prenuptial agreements and co-habitation agreements, employing sophisticated strategies when warranted, including family limited liability companies (“LLCs”), sales to intentionally defective grantor trusts, spousal lifetime access trusts (“SLATS”), dynasty trusts and charitable trusts.  His representation of fiduciaries includes all aspects of estate and trust administration, including preparation and filing of federal and state estate and income tax returns; representation in IRS and New Jersey Division of Taxation audits; litigation and disputes among beneficiaries; preparation and filing of federal and state estate and inheritance tax returns and defending those returns on audit.

    Costello has published articles and lectured extensively to civic and professional groups about a variety of estate planning and tax law topics.  He is a former Trustee and current Advisory Board Council member of the Greater New Jersey Chapter of the Alzheimer’s Association, and is a Trustee and the Secretary of the Bernardsville Library Foundation, Inc.  Costello earned his J.D. from Western New England College School of Law and his M.L.T. from Georgetown University Law Center.

    Posted in: Estate Planning & Administration, James J. Costello, News |

  • May 01, 2014Norris McLaughlin, P.A. Welcomes New Trusts & Estates Member

    Bridgewater, NJ (March 18, 2014) – The Bridgewater-based law firm Norris McLaughlin, P.A., welcomes new Member James J. Costello, Jr., to its Estate Planning and Administration Group. He joins the firm after almost 15 years with his successful trusts and estates and tax boutique Vizzoni & Costello, L.L.C.

    “We are very excited to have Jim join the firm. After 25 years of representing trusts and estates clients, and many of those years right down the road from our New Jersey office in Bridgewater, it is a natural fit for Jim to come aboard and join our existing estate planning and administration group,” said Alison L. Galer, Managing Partner.

    “It is essential for lawyers to adapt to ensure they meet changing client needs and expectations. Norris McLaughlin, P.A.really understands this and has the depth and breadth of services to address virtually any need of my expanding client base,” Costello said.

    Costello, a resident of Bernardsville, focuses his practice on estate planning and administration; litigation and disputes among beneficiaries; general federal and state tax law and controversies; and the formation, dissolution, purchase and sale of all types of closely-held business entities. He represents individuals in all aspects of general and sophisticated estate planning, including drafting wills, lifetime and testamentary trusts, powers of attorney, health care directives, and prenuptial and co-habitation agreements. When warranted, he employs sophisticated strategies, including family limited liability companies, sales to intentionally defective grantor trusts, spousal lifetime access trusts, dynasty trusts and charitable trusts.

    Costello’s representation of fiduciaries includes all aspects of estate and trust administration, including preparation and filing of federal and state estate and income tax returns; representation in IRS and New Jersey Division of Taxation audits; litigation and disputes among beneficiaries; preparation and filing of federal and state estate and inheritance tax returns; and defending those returns on audit. He also handles federal and state tax disputes, including collection matters, appeals and representation in U.S. and New Jersey Tax Courts.

    Small business owners look to Costello for assistance with the formation, dissolution, purchase and sale of closely held businesses. He also represents individuals and entities in residential and commercial real estate transactions. Elderly and incapacitated individuals, and their families, engage him for counsel regarding guardianships; asset protection planning, including irrevocable grantor trusts and Medicaid spend-downs; as well as preparing and filing Medicaid applications.

    Costello has published articles and lectured extensively to civic and professional groups about a variety of estate planning and tax law topics. He is a former Trustee and current Advisory Board Council member of the Greater New Jersey Chapter of the Alzheimer’s Association, and is a Trustee and the Secretary of the Bernardsville Library Foundation, Inc.

    Costello began his career as a Senior Tax Consultant in the Personal Financial Planning Group of Ernst & Young’s Washington, D.C., office, where he was a contributing author to the Ernst & Young Personal Financial Planning Reporter. He was an associate at the law firm of Deener, Feingold & Stern, P.C., in Hackensack, New Jersey. Before founding his boutique firm, he was the Partner in charge of Tax and Trust & Estate Law at the law firm of Peterpaul, Clark, Corcoran & Costello, P.C., in Springfield, New Jersey, where he continues to serve as Of Counsel.

    A 1988 graduate of the Western New England College School of Law, where he was the recipient of American Jurisprudence Awards in Estate Planning and Business Organizations, Costello earned an advanced degree in Taxation from Georgetown University Law Center (M.L.T, 1991). He is admitted to practice in New Jersey, Connecticut and the District of Columbia, as well as before the U.S. Tax Court.

    Posted in: Estate Planning & Administration, James J. Costello, News |

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