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James is an associate in the Firm’s Estate Planning and Administration Group where he focuses on the preparation of wills, trusts, powers of attorney, advance health care directives, and designations of standby guardian.
James received his J.D. from Widener University Delaware Law School and his B.S. in Finance from William Paterson University of New Jersey, graduating cum laude from both institutions. James also received an LL.M. in Taxation and a Certificate in Estate Planning from Georgetown University Law Center. He is admitted to practice in the District of Columbia, New York, New Jersey and the United States District Court for the District of New Jersey. Prior to joining Pasternak & Fidis, James was an extern at Baker & Hostetler while completing the LL.M. program.
James grew up in New Jersey and has settled in the District of Columbia. In his free time, he enjoys hiking, cooking, and traveling.
The doubling of the federal estate tax exemption under the Tax Cuts and Jobs Act—from $5.49 million in 2017 to $11.18 million in 2018 ($11.4 million as of January 1, 2019)—has moved many wealthy Americans away from the impact of the federal estate tax. However, state estate taxes and state inheritance taxes remain a factor in estate planning for residents of a number of states, including Maryland and the District of Columbia. Moreover, a state-level estate or inheritance tax may be imposed on real estate located in a state with a tax even when the decedent resides elsewhere.
An estate tax is a tax levied on the decedent’s estate, which is paid before the estate is distributed to beneficiaries; the estate tax is calculated based on the value of all of the assets owned by the decedent… MORE >
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