Ocean dunes have long been acknowledged as an established means for maintaining sandy beaches. Coastal experts, however, have various opinions as to whether these walls of sand truly protect the upland property owners against mother-nature’s ocean storms. Ocean dunes, nonetheless, receive great press. Year round property owners; for example, in Long Beach Island, New Jersey […]
Our regular readers know that I always recommend a person have a Will, Living Will and Power of Attorney. A Will distributes “probate assets”. However, if you currently own assets with another person or have an account that names another person as “POD”, “TOD”, “ITF” or otherwise establish a beneficiary, then such account is not […]
An often heard complaint of people who are in need of access to the courts, whether they are sued or wish to sue, is that the wheels of justice spin slowly, if at all. The school of thought has, for a long time, been that a law suit filed today will not be heard by […]
Some of our business clients may have already experienced the effects of New Jersey’s Business Tax Reform Act of 2002, which went into effect last year. The new law has a substantial economic impact on all partnerships, limited liability companies (LLC’s), limited liability partnerships (LLP’s), and professional corporations, that derive income from New Jersey sources. […]
In prior editions of the Legal Update, we have written about the growth of the use of the Limited Liability Company, and its benefits, for the small business owner. For a start-up business, the LLC can be the perfect vehicle since it provides the desirable limitation of liability for its members, while preserving the pass-through […]
Partner, Jim Delia, was recently elected to the Board of Directors at the Ridgewood YMCA. He follows on this Board Partner, Tom Wells, who served on the YMCA Board of Directors for 9 years, including a two-year term as its President. Partner, Tom Wells, remains a member of the Board of Trustees of the Ridgewood […]
Regular readers of my articles know that I encourage my clients to avoid Federal Estate Taxes at their death. These taxes can be 50% of assets over the Applicable Credit (currently $1 Million but scheduled to increase to $3.5 Million in 2009; then decrease to $1 Million again in 2011).However, I do not want my […]
The 2002-2003 Legislative Session has produced its share of Bills, which , if approved, would impact residential real estate and/or land use matters. What follows is just a sample of what may lie ahead….A1518 was introduced in the Assembly on August 8, 2002 and, if approved, would classify certain home occupations as permitted accessory uses […]
New Jersey’s Identity Theft Protection Act went into effect on January 1 of this year. The Act was passed in response to the growing concerns of New Jersey residents that personal information has been, and will continue to be, vulnerable to security breaches by unscrupulous parties. New Jersey’s Identify Theft Protection Act is one of […]
Although he has been with us since late last year, it’s not too late to publically welcome our newest Associate, George Christopoulos. George is active in the Real Estate, Litigation and Transactional areas of our practice. He received his undergraduate degree from Seton Hall University, and his law degree from Widener University School of Law […]