November 2015 Archives

Slip and Fall On Snow and Ice

We recently had two significant recoveries on slip and fall cases involving snow and ice in parking lots. The first was a $1,650,000 award to a woman who fractured her ankle and died of a pulmonary embolism six weeks later and second, $425,000 to a gentleman who injured both shoulders and required surgery. These successful results were achieved in part to using more than one liability expert for each case, including an engineer who also runs a snow plow contracting company, an expert in shopping center management and a civil engineer specializing in construction and design defects. We are always ready to discuss any possible premises liability claim you may have and will use our experience and resources to get you the best possible result.  Please direct any inquiries to Michael Ventura at [email protected].

IRS Increases Annual Exclusion

The IRS has recently released the numbers for applicable exclusions for the federal estate tax and the annual exclusion amount for gift taxes. The federal estate tax exemption amount will increase to $5,450,000 as of January 1, 2016. The annual exclusion amount for gift taxes will remain $14,000 per recipient for the 2016 calendar year. There is also a new law that requires the filer of federal estate tax returns to provide a statement of basis to the IRS and beneficiaries, which was set to apply as of August 1, 2015, but has been deferred pending IRS finalization of the procedure. As expected, there has not yet been any movement with respect to the New Jersey State Estate Tax filing threshold, which remains $675,000. If you are concerned that any of these items may have an impact on your estate plan, or otherwise would like to discuss them, please contact me at [email protected] at your convenience. 

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Ventura, Miesowitz,
Keough & Warner, P.C.

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783 Springfield Avenue
Summit, NJ 07901

Phone: 908-988-2155
Phone: 908-277-2410
Fax: 908-277-1374
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