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LLC Update

In 2013, the Revised Uniform Limited Liability Company Act became law in NJ. As of April, 2014, all limited liability companies, regardless of when they were formed, are subject to the new law. What does this mean to you and how does it impact your business? Under the new LLC law, operating agreements can be […]

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It’s (Still) the Economy Stupid!

It was way back in 1992, when James Carville, then an advisor to then candidate President Clinton in his first campaign, coined the famous phrase, “It’s the Economy Stupid!” The premise then was that no matter what else the voters were talking about, in the end it was really the “economy” they cared about most, […]

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I Executed a Last Will and Testament, What Else is Necessary?

Many individuals assume that once they have updated their Last Will and Testament or other testamentary instrument, their estate plan is complete. There is one important item that needs to be addressed frequently, even after executing a Will – beneficiary designations. Accounts that are joint with another individual, or payable/transferable on death are non-probate assets, […]

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The Power Of A Power Of Attorney

A Power of Attorney is a powerful document. It gives a person (Agent or Attorney-in-Fact) the authority to act on behalf of another (Principal). Its purpose is to notify third parties that the Principal has given the Agent authority to act on the Principal’s behalf in certain situations. APower of Attorney can be limited in […]

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