New Jersey’s Spill Compensation and Control Act, N.J.S.A. 58:10-23.11 et seq., governs liability regarding a property upon which hazardous substances have been discharged. The Act states that anyone “in any way responsible” for hazardous substance discharge is strictly liable, jointly and severally, without regard to fault, for all cleanup and removal costs. Land purchasers in […]
There may come a point in time where you are asked to serve as a personal representative of an estate of a loved one. With this privilege comes legal obligations and fiduciary duties. Pursuant to New Jersey statutory law, a personal representative of an estate has a duty to settle and distribute the estate of […]
There is no denying that Americans love their pets. In fact, our supermarkets have an entire aisle dedicated to them. If you take a visit to your local pet store, you can even nd bones that cost upwards of $50.00. According to the 2015-2016 National Pet Owners Survey conducted by the American Pet Products Association, […]
The Election is over. Despite its finality, the barrage of political posts and satires have yet to simmer down. Let’s put the social media posts and political memes aside for a moment to take advantage of what taxpayers might expect with Donald J. Trump serving in the Oval Office. President Elect Trump’s tax reform proposals […]
Winning a lawsuit is not always the end of the legal process. In a perfect world, the losing party promptly pays out any money allotted to the winning party. When this does not happen it is important to know that the winning party now becomes a creditor and obtains a judgment against the debtor, and […]
Our conference room shows in pictures and plans just how active our Land Use practice continues to be. Some highlights of 2016 in this area include Inserra ShopRites in Elmwood Park and Wyckoff (full story elsewhere); Charles Schwab, Dellridge Health and Rehabilitation Center, Arcola Golf Club practice facility, Floor and Décor, Catch Air (a children’s […]
Now is the time you should revisit your current estate plan! In August of this year, the U.S. Department of Treasury released proposed regulation designed to eliminate valuation discounts for transfer of interest in family-controlled entities. These proposed regulations, if passed, would mean increased estate taxes on the death of owners of family businesses, possibly […]
I cannot tell you how often someone presents themselves to our office following a contract dispute that involves a family member or friend on the other side. So often when you need a service of some sort or another you turn to family or friends. This, of course, makes sense but when we do that […]
On June 30, 2016 Governor Christie signed an extension of the Permit Extension Act for projects located in counties impacted by Superstorm Sandy. Those counties, as defined within the bill, are Atlantic, Bergen, Cape May, Essex, Hudson, Middlesex, Monmouth, Ocean and Union counties. The bill tolls the running of the approval period until December 31, […]
Recent tax legislation is looking to curtail the loss of capital gains tax revenue resulting from sellers reporting inflated basis on inherited assets upon the sale of said assets. As was the case prior to the enactment of the new law, beneficiaries inherit assets valued at the fair market value as of the date of […]