E707 VercammenLaw News

1. Federal Estate Tax Update

2. Will preparation online without having to travel to law office and follow up consults over phone & online.

3. What is a Testamentary Trust in a Will?

4 Please email to be put on VIP list Happy Hour at Headliner Club in Neptune on August 2 Friday at 6pm.

5 Summer Freezing Cold Hash Run Neptune July 27, 2024

6 Updated Summer concerts free music 2024

1. Federal Estate Tax Update

The annual gift tax exclusion for 2024 is $18,000 – an increase from $16,000 in 2022.

The IRS announced that the 2025 Estate Tax Exemption will be $13,610,000, This exemption represents the amount of a decedent’s estate (including previously taxable gifts) that is exempt from estate tax.

2023’s larger exemption presents the opportunity for rich married couples who coordinate their estate planning to protect over $26,000 million from estate taxes. Additionally, the exemption amount is unified with the federal gift tax exemption – utilization of this exemption through life-time gifting reduces the amount of exemption available at death. The highest estate or gift tax rate remains the same at 40% next year.

2 Making Division of Child Protection and Permanency (DCPP) report itself not auto grounds for DV

Wills are now prepared online without requiring persons to travel into the office. To assist potential clients and seniors we now offer document preparation remotely and consults.

1. For Wills, Power of Attorney, Living Wills, please email Vercammenlaw@njlaws.com. We will email the Will interview form.

2. Type response/ Fill in details. Email completed Will Questionnaire back. For Wills Please type up & fill out completely and email to vercammenlaw@njlaws.com. Typing name and details is required. Save as word doc or text, not pdf. This form is extremely important. Your accuracy and completeness in responding will help us best help you. All sections and information must be filled out prior to discussing with the attorney. Information cannot be handwritten since computer cannot scan handwriting.

3. Ken V will call to discuss after typed interview form received.

4. After persons pay by credit card online or check we will draft documents and email to clients.

5. Ken V will call to answer further questions

6. Sign documents in front of notary and two witnesses [ spouse ok as witness]. Signing instructions provided. UPS stores continue to be open and have notaries. The Law Office signs Wills on Tuesday by appointment.

Assets are not listed in Wills because someone does not know what they will own and where they will live when they pass away.

Specific bequests in Wills:

A specific bequest or devise is a testamentary gift of a specific item of property (e.g., a diamond engagement ring, Joe DiMaggio autographed baseball) that can be easily identified and distinguished from all other property in the testator’s estate.

3. What is a Testamentary Trust in a Will?

The Testamentary Trust in a Will is recommended when you have minor children, or children that can’t handle money. A Testamentary Trust is a Trust set up inside your Will. A Testamentary Trust in a Will is not funded until you pass away so you keep your money.

A regular Trust is funded during your lifetime with your assets. A regular Trust costs between $3,000- $4,000 to set up. A Testamentary Trust in a Will costs $500.

A Testamentary Trust in a Will (sometimes referred to as a will Trust or Trust under will) is a Trust which arises upon the death of the testator, and which is specified in his or her Will.

Testamentary trusts are distinguished from inter vivos trusts, which are created during the settlor's lifetime.

There are three parties involved in a testamentary trust:

-the person who specifies that the Trust be created, usually as a part of his or her Will, but it may be set up in abeyance during the person's lifetime. This person may be called the grantor or trustor, but is usually referred to as the settlor;

-the trustee, whose duty is to carry out the terms of the Will.

-the beneficiary(s), who will receive the benefits of the trust;

A Testamentary Trust is a legal arrangement created as specified in a person's will, and is occasioned by the death of that person. It is created to address any estate accumulated during that person's lifetime or generated as a result of a postmortem lawsuit, such as a settlement in a survival claim, or the proceeds from a life insurance policy held on the settlor. A Trust can be created to oversee such assets. A Trustee is appointed to direct the Trust until a set time when the Trust expires, such as when minor beneficiaries reach a specified age or accomplish a deed such as completing a set educational goal or achieving a specified matrimonial status.

Source https://en.wikipedia.org/wiki/Testamentary_trust

Don’t give money outright to Beneficiaries under age 21

If you have any children or beneficiaries under the age of 21, you should formally change the beneficiary on life insurance beneficiary designation, IRA/ 401k/ SEP from children to “My estate” so they do not receive money at age 20.

We recommend you obtain copies of your life insurance beneficiary designation, IRA/ 401k/ SEP designation forms and include in your Will folder. A Will cannot change who your beneficiaries are.

4 Please email to be put on VIP list Happy Hour at Headliner Club in Neptune on August 2 Friday at 6pm.

Clients, Friends, Professionals and friends invited.

RSVP please email VercammenLaw@Njlaws.com

Outdoor & Indoor music, prize giveaways. Bring your friends. Pass this along. Please bring a canned food donation for St. Matthews Edison Foodbank. Also Celebrating Ken’s 65^th birthday.

Headliner is located at 1401 Route 35, Neptune NJ, 07753 with a 2^nd floor view of the Shark River.

Co-sponsored by several Professional groups, Chambers of Commerce and civic organizations Free event!

Ken Vercammen will buy a drink for all registered ahead.

Headliner requires attendees be submitted one day ahead. Email Ken Vercammen's Law Office so we can put your name on the VIP list for wristbands.

More details at https://www.facebook.com/events/906077377984376

All over 21 invited.

4 Reminders Happy Hour at Headliner Club in Neptune on August 2 Friday at 6pm.

Clients, Friends, Professionals and friends invited.

RSVP please email VercammenLaw@Njlaws.com

Outdoor & Indoor music, prize giveaways. Bring your friends. Pass this along. Please bring a canned food donation for St. Matthews Edison Foodbank. Also Celebrating Ken’s 65^thbirthday.

Headliner is located at 1401 Route 35, Neptune NJ, 07753 with a 2^nd floor view of the Shark River.

Co-sponsored by several Professional groups, Chambers of Commerce and civic organizations Free event!

Ken Vercammen will buy a drink for all registered ahead.

Headliner requires attendees be submitted one day ahead. Email Ken Vercammen's Law Office so we can put your name on the VIP list for wristbands.

More details at https://www.facebook.com/events/906077377984376

All over 21 invited.

5 Summer Freezing Cold Hash Run Neptune

July 27, 2024 10:17am

Start 415 S. Riverside Dr

Neptune, NJ 07753

[Shark River Hills] Fun run 3.8 mile non competitive & 2walk

Trail set by “hare” The Senator Ken Vercammen [The runner in the red, white & blue flag shorts Captain America)

https://www.facebook.com/events/769911835306644

To attend or help out email to Kenvnjlaw@yahoo.com

6 Updated Bands and Summer concerts 2024 and outdoor events that Ken Vercammen may go to

Woodbridge HS [Bring canned food to Woodbridge]

Tuesday Tributes at Woodbridge High School fields

July 30: Best of the Eagles (Eagles tribute)

Source https://www.njarts.net/free-events/

MONMOUTH COUNTY

Aberdeen Township Tuesday 6-8

Summer Concert Series at Veterans Memorial Park

July 23: Gypsy, Stevie Nicks tribute

July 30: Soul Seduction

Aug. 6: ’80s Revolution

Aug. 13: Madison Avenue

Aug. 20: Southern Steel, Southern rock tribute

Aug. 27: Screaming Broccoli

https://www.aberdeennj.org/338/Summer-Concert-Series

Edison Elks August 16 Madison Avenue band. 7pm Friday

Brings the Classic Songs of Rock while giving you Current Pop and Dance Music. A Party band that brings music, memories and fun to many generations!

Bradley Beach

Saturday Night Concert Series at Riley Park 5-7pm

July 20: Little by Little

July 27: Moroccan Sheepherders

Aug. 3: Five Wheel Drive

Aug. 10: The Ruckus

Aug. 17: The Verdict

Aug. 24: E Boro Bandits

Aug. 31: Eddie Testa Band

Bradley Thursday 7pm

Songwriters on the Beach, Boardwalk at Newark Avenue 7pm

Aug. 1: Cosmic Jerry Band, Jerry Garcia tribute

Aug. 8: Snacktime, Beauty

Aug. 15: Ari Hest, Mike Montali, Joseph Alton Miller

Aug. 22: Rhett Miller, Jake Thistle

Freehold 7:30

Thursdays Rock Summer Concert Series at Hall of Records.

June 20: Mission Dance

June 27: The Tequila Rose Band

July 11: Joe Baracata Band

July 18: Pat Guadagno & Friends

July 25: Shadetree Mechanics

Aug. 1: The Gab Cinque Band

Aug. 8: The Ruckus

Aug. 15: Van Halen Tribute Band

August 22, 2024: Turnstyles

https://downtownfreehold.com/things-to-do/thursday-rock/

Long Branch

Thursdays by the Sea at Pier Village 7pm

July 18: Bob Burger & Friends

July 25: Eddie Testa Band

Aug. 8: Pat Roddy Band

Aug. 15: After the Reign Country music

Aug. 22: The Haven

https://longbranch.org/283/Programs-Events

Long Branch Sunday Bands by the Beach at West End Park 7pm

July 14: The Incinerators

July 21: Get Down Committee (on West End Beach)

July 28: Chuck Lambert Band

Aug. 4: The Cliffs (on West End Beach)

Aug. 11: Marc Muller’s Americana Jazz Project

Aug. 25: The VooDudes

https://www.njarts.net/free-events/

https://longbranch.org/283/Programs-Events

Donovan's Reef Tuesday night dead bands 6pm

https://www.donovansreefbeachbar.com/calendar

Belmar Friday Night Concerts

Belmar, Pyanoe Plaza 9th and Main Street

https://www.belmar.com/view.php?show=events&id=3386&im=07/05/2024

Belmar Library 6pm

THE BLACK TIES

Thursday, July 18 6 PM

THE DANNY WHITE BAND

Thursday, August 15 6 PM

E BORO BANDITS

Tuesday, August 20 6 PM

https://belmarlibrary.org/services/summer-concert-program/

Seaside Thursday 7:30

Tribute Band Concert Series

· Aug. 1: Grateful Dead Tribute Band

· Aug. 15: Allman Brothers Tribute Band

https://exit82.com/music/

https://wrat.com/listicle/seaside-heights-concerts-2024/

https://1057thehawk.com/seaside-heights-nj-beach-concerts/

THURSDAY AUGUST 1, 2024 - SPLINTERED SUNLIGHT - THE GRATEFUL DEAD TRIBUTE - FREE ADMISSION

The Ultimate Dead Tribute.

Freehold Raceway Mall's Summer of Fun Concert Series

Tuesday nights from July 9 through August 20

6:30 PM to 8:00 PM* Outside Village by The Cheesecake Factory

https://www.freeholdracewaymall.com/Events/Details/575818

CONCERT SCHEDULE

July 23 – Mission Dance - (Rain Date July 24)

August 6 – Phil Engel Band (Rain Date, August 7)

August 13 – The BStreetBand (Rain Date August 14)

August 20 – Screaming Broccoli (Rain Date August 21)

Keansburg Friday night Summer Concerts Schedule ?

AT 7 PM – 9 PM

Friday Night Beach Concerts: July 5 – August 23

Get ready for the sounds of summer with our Friday night beach concerts. Enjoy live music on the beach every Friday from July 5 to August 23. This year's lineup includes:

July 5: Anyone's Guess
July 12: The Sundries
July 19: Asbury Fever
July 26: Raw Vinyl
August 2: Total Soul
August 9: The Michael Patrick Band
August 16: Bon Poison
August 23: Jimmy Shooez & The Magooz
Rain Date: August 30

https://patch.com/new-jersey/middletown-nj/all-upcoming-summer-events-keansburg

Wednesday Raritan Bay Waterfront Park 6:30

July 10th, Danny V’s 52nd St Band

July 17th, Sounds of the Streets

July 24th, The Wood Vibrations

July 31st, Garden State Groove

August 7th, Zydeco a Go Go

August 14th, Parkway Soul

August 21st, Underwater Airlines

August 28th, Perry Brothers

https://www.middlesexcountyculture.com/event/raritan-bay-waterfront-parks-summer-concert-series/