Estate Planning and Estate Tax Counsel for New Jersey Clients
Schanker & Schanker has served New Jersey clients from our Red Bank office for years, bringing the same depth of estate and gift tax expertise we've built since 1986 to families and business owners across the state.
New Jersey presents a distinct planning environment. The state no longer imposes its own estate tax — a change that took effect in 2018 — but New Jersey residents with assets in New York, business interests spanning multiple states, or beneficiaries subject to New Jersey's inheritance tax face planning considerations that require careful, coordinated counsel. Our firm is positioned to address exactly that complexity.
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What We Handle for New Jersey Clients
Our Red Bank office serves individuals and families whose planning needs extend beyond a simple will. We work with clients who hold significant assets, own closely held businesses, have family members with special needs, or are navigating the intersection of New York and New Jersey law. The matters we handle include:
- Estate planning, including wills, revocable trusts, and durable powers of attorney
- Estate and gift tax planning for high-net-worth and ultra-high-net-worth clients
- Business succession planning for closely held and family-owned businesses
- Estate administration and probate
- Elder law, including Medicaid planning and long-term care strategies
- Special needs planning and supplemental needs trusts
- Charitable planning, including charitable remainder trusts and donor-advised funds
Our attorneys write all client communications in-house — newsletters, legal alerts, and planning guidance — so the advice you receive reflects our own thinking, not outsourced content.
Coordinating Plans That Cross State Lines
Many of our New Jersey clients have meaningful connections to New York — a business headquartered there, real property, a prior domicile, or family members who remain New York residents. These cross-state relationships create planning considerations that a single-state firm may not be equipped to address.
Because we maintain offices in Huntington and Manhattan in addition to Red Bank, we work regularly with clients whose estates touch both states. We understand how New York's estate tax applies to nonresidents who own New York property, how domicile determinations can affect estate tax exposure, and how to structure plans that account for obligations in more than one jurisdiction. For clients who spend part of the year in Florida, we can also address the planning implications of that residency alongside their New York and New Jersey interests.
Why Referred Clients Choose to Work With Us
Most of the clients who come to our Red Bank office arrive by referral — from a CPA, a financial advisor, a trust officer, or a longtime client of the firm. That pattern reflects something deliberate about how we practice. We have never built our reputation on volume. We have built it on the quality of the planning we produce and the relationships we maintain with the professionals who advise the same clients we serve.
When a referral source sends a client to us, they are extending their own credibility. We take that seriously. Our attorneys are available to coordinate directly with a client's advisory team, and we approach every engagement with the understanding that estate planning at this level requires collaboration across disciplines.
Established in 1986, Schanker & Schanker has maintained a consistent presence in the communities we serve. That continuity matters to clients who are making decisions designed to outlast them.