Charles L. Winne

Charles L. Winne

Charles L. (Larry) Winne, Esq. concentrates his practice in the areas of estate planning and administration, elder law, commercial real estate and corporate law. He was recently recognized as one of South Jersey’s “Top Attorneys” as published by SJ Magazine.

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Beneficiary Designations

Are your beneficiary designations for life insurance, IRAs, 401(k) plans as you intend them to be?  Are you sure? Query:  If you have designated a beneficiary for a life insurance or an annuity-related asset as “my children in equal shares,” is that truly your intention?  Keep in mind that if that particular designation exists on […]

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Choosing the Right Tax Clause

Lou Grant owned a successful horse tack business worth millions.  Through gifting and his estate, this business passed to his son, Lou Jr.  His daughters, Nancy and Virginia, had an opportunity to participate in this business but refused to sign the requisite agreements to do so based on the advice of Virginia’s husband who is […]

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Trusts For A Lifetime

In various posts we have talked about the use of trusts – revocable trusts to manage assets and avoid probate, generation skipping trusts to benefit descendants of several generations, irrevocable trusts to remove life insurance from your taxable estate, special needs trusts for disabled beneficiaries, to name just a few. As a side benefit most […]

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Use Caution With UTMA Accounts

Many of you have been in this situation. Grandma or Aunt Tillie wants to give your child money or stock – not enough to warrant some more aggressive estate planning techniques, but enough that the donor wants the funds to be invested for the long term.  This is where the Uniform Transfer to Minors Act […]

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Have a Very Portable New Year

Whew!  I don’t know about you but I am glad that Fiscal Cliff stuff is over — well, at least the automatic tax increase part of it. Among other issues covered in the American Taxpayer Relief Act of 2012, Congress finally resolved the uncertainty in the federal estate and gift tax law that has been […]

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Grantor Trust – The Gift That Keeps on Giving (Tax Free)

Gifts, both tax and non-tax, are great to accomplish estate planning goals. A gift to a special type of trust, called a Grantor Trust, can be one of the best types of gifts you can make. The primary non-tax benefit of a gift is seeing the recipient use the funds for college, drive the car, […]

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What?! – I Can’t Amend My Irrevocable Trust?

I can’t tell you how many times I have heard this question, usually years after the irrevocable trust was signed: “You mean I can’t change the trust?” The short answer to the question is “No, an irrevocable trust is, by its terms, irrevocable and cannot be changed”. The long answer is… well, first some basics. […]

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Appellate Court Discusses Rambo – No, Not the Movie

A recent Appellate Division case tells an interesting tale of human tragedy, mixing in criminal and estate administration law.  Roy Rambo graduated from dental school in 1977.  Along with his wife, Linda, a dental hygienist, he established a dental practice in Warren County.  Apparently, the practice did fairly well, since they amassed joint assets of […]

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