New Jersey Estate Tax Attorney For High Net Worth Individuals
Attorney Anthony M. Vizzoni is a Bridgewater high net worth estate planning attorney with 30 years of focused experience representing high net worth individuals. You have spent years building your estate; the last thing you want is to lose it to avoidable taxes.
Estate Tax Strategies For High Net Worth Individuals
High net worth estates face tax exposure that standard planning does not address. The 2026 federal estate tax exemption reduction makes wealth preservation planning essential. Multiple strategies work together to limit estate tax exposure, including:
- SLATs: Transfer assets to a spouse’s trust while preserving family access and removing assets from the grantor’s estate
- Irrevocable trusts: Permanently remove assets from your taxable estate
- Dynasty trusts: Pass wealth across multiple generations while avoiding estate and generation-skipping transfer taxes
- GRATs: Transfer appreciation to heirs with minimal gift tax cost
- ILITs: Keep life insurance proceeds outside your taxable estate
The right strategy depends on your asset mix, family structure and goals.
Business Succession And Estate Tax Planning For Business Owners
Business owners face a layered challenge that other high net worth individuals do not. Business value must transfer while preserving wealth and minimizing tax. Without a unified plan, succession and estate tax issues work against each other. Getting both right requires a coordinated approach. Business owner estate tax planning includes:
- Buy-sell agreements: Define and fund the terms of a business transfer at death or disability
- Succession planning: Structure ownership transfers to reduce estate and gift tax exposure
- Real estate and multi-state ownership: Address properties held across multiple states and their individual tax treatment
Coordinated planning protects both the business and the estate.
New Jersey Estate And Inheritance Tax Considerations
New Jersey does not impose a state estate tax. The state charges an inheritance tax on assets passed to certain beneficiaries; spouses, children, grandchildren and parents are exempt from inheritance tax, while siblings and other beneficiaries face varying rates.
Multi-state property holdings add further complexity for large estates. When you own real estate or business interests across multiple states, each state applies its own tax rules. States with property in their jurisdiction often require a separate probate proceeding, known as ancillary probate. Recent changes to New Jersey tax law have also created new considerations that high net worth individuals need to account for in their plans. Our experienced Bridgewater estate tax attorney identifies every state-level exposure and builds a plan that addresses all of it.
Get The Direct, Personal Guidance Your Estate Planning Requires
At Vizzoni Law Firm, L.L.C., you will receive direct, personal guidance through every aspect of your estate plan. Call the firm at 908-304-0499 or reach out online to schedule a consultation.