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Beatrice Kwok
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  • Tax and Trust & Estates Update February 2020
    02/2020

    In This Issue:

    • The New SECURE Act’s Effect on Estate Planning for Retirement Plans
    • Relief from Federal Limitation on Deduction for State and Local Income Taxes for Some New Jersey Business Owners
    • Private Foundation Excise Tax Rate Simplification – Law Change Effective 2020
    • Misleading Notices from Third Parties of Annual Report Delinquencies for New Jersey Entities

  • Tax and Trust & Estates Update November 2019
    11/2019

    In This Issue:

    • 2020 Inflation Adjustments for Tax Items
    • If You Want to Make Gifts to Charities or Others in 2019, Be Sure Those Gifts Are “Completed” this Year for Tax Purposes
    • Thinking of Converting your S Corporation to a C Corporation? Avoid this Trap for the Unwary.
    • The Nonprofit Forum - Is it Time to Convert Your Private Foundation to a Donor-Advised Fund?

  • Sherman Wells Paralegal, Beatrice Kwok, was recently featured in the October/November issue of Brio Magazine.
    10/2019

    Beatrice Kwok works as a full-time Paralegal in our Corporate Department, and for the last 14 years she has also worked as a Certified Child Life Specialist.  As a Certified Child Life Specialist, Bea helps teenagers and their families cope with the stresses of severe illness, injury, trauma, disability, and sometimes even death. We are pleased to share with you the article that highlights Bea and all the amazing work that she’s done. 

  • Tax and Trust & Estates Update May 2019
    05/2019

    In This Issue:

    • The Perils of "Transfer on Death" (TOD) and "Payable on Death" (POD) Accounts
    • Information That Can Help Your Family at the End of Your Life
    • Sherman Wells Welcomes New Associate to the Tax and Trusts & Estates Group
    • New Jersey Trustee Uniform Trust Code Disclosure Requirements – A Reminder

  • Tax and Trusts & Estates Update December 2018
    12/2018

    In This Issue:

    • Charitable Giving in 2018 under the Tax Cuts and Jobs Act of 2017
    • If You Want to Make Gifts to Charities or Others in 2018, Be Sure Those Gifts are "Completed" this Year for Tax Purposes
    • 2019 Inflation Adjustments for Tax Items
    • The New Qualified Business Income Deduction – Still Lots of Uncertainty
    • Breaking New Jersey News – New Jersey Offers Tax Amnesty until January 15, 2019
    • More Tax Accounting Options for Small Businesses in 2018
    • Another Reminder About IRS Revised Partnership Audit Procedures
    • A Note about the Registration of New Jersey Private Foundations

  • Tax and Trusts & Estates Update September 2018
    09/2018

    In This Issue:

    • Trustees Beware: Trust-Owned Life Insurance Needs a Regular Review to Avoid Trustee Liability
    • Tax Alert: No Estate Tax in New Jersey Doesn't Mean No Estate Administration
    • Sherman Wells Proudly Announces Three New Members of the Tax and Trusts & Estates Group

  • Tax and Trusts & Estates Update January 2018
    01/2018

    In This Issue:

    • Estate Planning Cautions and Opportunities in the Aftermath of the Tax Cuts and Jobs Act of 2017
    • Existing Testamentary Plans of Individuals Residing in New Jersey
    • Existing Testamentary Plans of Individuals Residing in New York
    • Formula Bequests for Generation-Skipping and Charitable Gifts
    • Planning Opportunities
    • Sherman Wells Announces New York Office Move

  • Tax and Trusts & Estates Update December 2017
    12/2017

    In This Issue:

    • The Tax Cuts and Jobs Act – How It May Affect You

  • Tax and Trusts & Estates Update November 2017
    11/2017

    In This Issue:

    • 2018 Inflation Adjustments for Tax Items
    • Proposed U.S. Tax Legislation – Stay Tuned
    • The Nonprofit Forum Does Your Charitable Donor-Advised Fund Name Successor “Recommenders”?

  • Tax and Trusts & Estates Update June 2017
    06/2017

    In This Issue:

    • January 1, 2018, Proposed Effective Date for Implementation of New Partnership Audit Rules Is Fast Approaching
    • Generation-Skipping Tax Basics You Should Know
    • The Nonprofit Forum - CAUTION: The Dangers of Non-Board Members on Board Committees
    • Sherman Wells Proudly Announces Two New Members of the Tax and Trusts & Estates Group

  • Tax and Trusts & Estates Update January 2017
    01/2017

    In This Issue:

    • Gift Tax Reporting Reminder for Gifts Made in 2016
    • Estates of New Jersey Residents Who Do Not Survive Until 2018 Could Confront Costly and Unnecessary New Jersey Estate Taxes
    • …And New York Residents Should Similarly Review their Estate Planning Documents Given the Moving Target of the “Cliff” Past Which New York Estate Tax Will Apply
    • The Nonprofit Forum - Warning: Even Donations to Your Private Foundation Need a Written Acknowledgment

  • Tax and Trusts & Estates Update December 2016
    12/2016

    In This Issue:

    • The Election and Your Tax Planning – Stay Tuned
    • If You Want To Make Gifts to Charities or Others in 2016, Be Sure Those Gifts Are “Completed” This Year For Tax Purposes
    • 2017 Inflation Adjustments for Tax Items
    • The Nonprofit Forum

  • Tax and Trusts & Estates Update October 2016
    10/2016

    In This Issue:

    • New Jersey Repeals Its Estate Tax; Inheritance Tax Remains (for now)
    • Status of Valuation Discounts on Transfers of Interests in Family-Controlled Entities Uncertain
    • New York Adopts Legislation Providing Fiduciaries with Greater Clarity Regarding Access to Digital Assets
    • New Jersey Uniform Trust Code Reminder

  • Tax and Trusts & Estates Update May 2016
    05/2016

    In This Issue:

    • No More Secret Trusts? New Jersey’s Uniform Trust Code Mandates Disclosure to Beneficiaries…With Exceptions
    • The Nonprofit Forum - A Simple Compliance Checklist
    • Sherman Wells Named One of the Best Places to Work in New Jersey
    • Sherman Wells Welcomes Beth Corroon

  • Corporate Alert April 2016
    04/2016

    In This Issue:

    • Disclaimers of Reliance in Acquisition Agreements
    • Demands for Books and Records

  • Tax and Trusts & Estates Update February 2016
    02/2016

    In This Issue:

    • 2016 Gift Tax Reminder
    • The Uniform Trust Code is Coming to New Jersey…More to Follow
    • The Nonprofit Forum: Nonprofit Board Membership – Some Thoughts for Future and Current Board Members
    • Sherman Wells Proudly Announces New Partner

  • Tax and Trusts & Estates Update December 2015
    12/2015

    In This Issue:

    • 2016 Inflation Adjustments for Tax Items
    • New Guidance on Reporting Tax on Gifts and Bequests from Former U.S. Citizens and Residents
    • If You Want to Make Gifts to Charities or Others in 2015, Be Sure Those Gifts Are “Completed” This Year for Tax Purposes

  • Tax and Trusts & Estates Update October 2015
    10/2015

    In This Issue:

    • New Regulations May Limit Taxpayers’ Ability to Discount the Value of Transferred Minority Interests in Family-Owned or Family-Controlled Entities
    • Does Your Power of Attorney Need a Fresh Look?
    • Executors Stay Tuned: Estate Tax Valuation Reports to the IRS and Estate Beneficiaries Will Soon be Mandated
    • Welcome to new members of our team

  • Tax and Trusts & Estates Update May 2015
    05/2015

    In This Issue:

    • Changing Your State of Residency: What You Need to Know Before You Go
    • The IRS Will Know About Your Undisclosed Foreign Accounts Very Soon
    • Trustees of Life Insurance Trusts, Beware of Your Duties

  • Tax and Trusts & Estates Update February 2015
    02/2015

    In This Issue:

    • 2015 Gift Tax Reminder
    • Sherman Wells adds a new attorney to their Tax and Trusts & Estates Group

  • Tax and Trusts & Estates Update December 2014
    12/2014

    In This Issue:

    • If You Want to Make Gifts to Charities or Others in 2014, Be Sure Those Gifts Are “COMPLETED” This Year for Tax Purposes
    • 2015 Inflation Adjustments for Tax Items

  • Tax and Trusts & Estates Update September 2014
    09/2014

    In This Issue:

    • Estate Planning Opportunities You May Be Missing
    • Offshore Voluntary Disclosure Program Gets Streamlined
    • Problematic Assets to Have in Your Estate
    • Information That Can Help Your Family at the End of Your Life
    • New York Estate Tax Law Changes
    • New IRS Form EZ-1023