John M. Loalbo, a partner in Riker Danzig’s Tax and Trusts & Estates Department, is quoted in the New Jersey Business January 2017 issue in its article “Wills & Estates: The Money Issue.” The article discusses the differences between Baby Boomers and Millennials when it comes to will and estate planning. John comments on why it may be more advisable to leave assets to children or siblings rather than to parents. “… leaving money to those parents, who may be in their late 80s or 90s, may push them over the edge and leave their estate subject to an estate tax,“ said John. Click here to read the entire article.
