Greg Englesbe Your Home and the New Jersey Estate Tax

Views:
 
Category: Entertainment
     
 

Presentation Description

Greg Englesbe is a Cherry Hill, New Jersey based mortgage industry professional. He is the CEO of E Mortgage Management, so his company allows people to realize their dreams of homeownership.

Comments

Presentation Transcript

slide 1:

Y O U R H O M E A N D T H E N E W J E R S E Y E S T A T E T A X G R E G E N G L E S B E

slide 2:

G R E G E N G L E S B E Gr e g E ng l e s b e i s an i nd i v i d ual w ho p r ov i d e s f i nanc i ng f or p e op l e w ho w ant t o p ur c has e p r op e r t y i n t he s t at e of N e w J e r s e y . H e f ound e d E M or t g ag e M anag e m e nt 2 0 0 3 and he s e r v e s as t he C hi e f E x e c ut i v e O f f i c e r of t he M ount L aur e l - b as e d c om p any . I n m any ar e as of N e w J e r s e y r e al e s t at e v al ue s ar e q ui t e hi g h. The r e i s a s t at e - l e v e l e s t at e t ax i n t he Gar d e n S t at e s o t he r e c an b e l e g ac y p l anni ng i m p l i c at i ons i f y ou ar e a hom e ow ne r .

slide 3:

G R E G E N G L E S B E When people ask financial experts like Greg Englesbe about estate tax exposure they will touch upon the estate tax exemption or exclusion. This is the amount that can be transferred before the estate tax would be applied. In the state of New Jersey the state- level estate tax exclusion is 675000 at the time of this writing. This is the lowest exclusion in the country among states that have state- level estate taxes. Your home is part of your estate for estate tax purposes.

slide 4:

G R E G E N G L E S B E The value of your home alone could consume the exclusion that is available to be applied to the estate what is being transferred after your passing. For example lets say that your home is worth 900000.

slide 5:

G R E G E N G L E S B E The portion of its value that exceeds 675000 would be subject to the New Jersey estate tax. Plus transfers of other forms of property would be taxable. If you work with a mortgage broker like Greg Englesbe to build your real estate portfolio you should certainly take this dynamic into account because there are steps that you can take to mitigate your estate tax exposure.

slide 6:

F O R M O R E I N F O V I S I T O T H E R P R O F I L E L I N K S O F G R E G E N G L E S B E h t t p s : / / g r e g e n g l e s b e . w o r d p r e s s . c o m / h t t p : / / g r e g e n g l e s b e . t u m b l r . c o m / h t t p s : / / m e d i u m . c o m / g r e g e n g l e s b e h t t p : / / g r e g e n g l e s b e . l i v e j o u r n a l . c o m / h t t p : / / g r e g e n g l e s b e . s t r i k i n g l y . c o m / h t t p : / / w w w . a u t h o r s t r e a m . c o m / g r e g e n g l e s b e / h t t p s : / / i s s u u . c o m / g r e g e n g l e s b e

slide 7:

T H A N K Y O U F O R Y O U R T I M E

authorStream Live Help