With a new administration in Washington, come increased attention to our tax laws, including laws that tax assets when people die. For estate planning attorneys, this increased interest bring with it the possibility that changes may come which will impact their clients., and which may change the way they should be planning for clients in the future.
From the perspective of the child who moved to New Jersey 30 years ago, the sibling who moved back into the family home to live with (and be supported by) his aging mother is a ne’er-do-well scam artist who took advantage of and manipulated his mother as her health declined so that, in the end, her entire estate passed to him by one means or another. From the perspective of the son who lived with his mother during those final years of life, he sacrificed to allow his mother to enjoy her final years in a safe environment outside of assisted living, and she favored him out of appreciation for that sacrifice.
