asset protection

  • 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.

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

  • Oct 19, 2018Using Trusts in Estate Planning and Asset Protection

    James J. Costello, Jr. will be a presenter at the seminar “Using Trusts in Estate Planning and Asset Protection.” The 2 day seminar is sponsored by the National Business Institute and will take place on Thursday, November 15 and Friday, November 16 from from 9:00 am to 4:30 pm at the Courtyard Princeton. CLE and CPE credits are available.

    The seminar will guide attendees through how to effectively use trusts for estate planning and asset protection. Attendees will explore a variety of planning tools that will help them tailor a trust that fits their client’s specific situation.

    • Find out how to select the best trust option for each unique situation.
    • Protect retirement accounts with the use of IRA trusts.
    • Use trusts to help clients qualify for Medicaid while protecting their assets.
    • Discover ways to structure special needs trusts so beneficiaries still qualify for public benefits.
    • Learn how to minimize client’s tax burdens with the use of defective trusts.
    • Properly handle the administration of a trust.
    • Clarify who the client is to avoid conflicts of interest and other ethical violations.

    The basic to intermediate level seminar is designed for professionals involved in structuring and administering trusts:

    • Attorneys
    • CPAs and Accountants
    • Trust Officers
    • Tax Managers
    • Wealth Managers
    • Paralegals

    To register, please click here.

    Posted in: Events | Tags: , , , , ,

  • Aug 17, 2017Norris McLaughlin, P.A. Sponsors Estate Planning Council of Lehigh Valley

    The law firm of Norris McLaughlin, P.A., is pleased to support the Estate Planning Council of the Lehigh Valley (EPCLV) by sponsoring “Understanding Asset Protection in the 21st Century,” presented by Douglass Lodmell, Founder of the Asset Protection Council® and Co-Founder and Managing Partner of Lodmell & Lodmell, P.C., on Thursday, September 21, from 1:30 pm to 4:15 pm at Northampton Country Club.

    The Council, founded in 1967, is affiliated with the National Association of Estate Planners & Councils, offering continuing education and networking opportunities to assist members in best serving their clients through estate planning strategies and engaged client interaction within a multi-disciplined approach, while adapting to the ever-changing tax, technology, trends, and deliverables applicable to estate planning services.

    Norris McLaughlin, P.A. is a full-service, mid-sized, regional law firm with 140+ attorneys serving the legal needs of businesses and families in the Pennsylvania, New Jersey, and New York areas, uniquely positioned to represent Fortune 500 corporations, middle-market companies, and individuals, since 1953.  Once a humble two-man practice on Main Street in Somerville, New Jersey, Norris McLaughlin, P.A. has become the largest firm in Somerset County and one of the top 20 firms in New Jersey.  The Pennsylvania office has been named “Best of the Valley” for Overall Attorney by Lehigh Valley Magazine, selected as a Morning Call Top Workplace, and among the Best Places to Work in Pennsylvania.

    Posted in: Estate Planning & Administration, News | Tags: , , , ,