One of the most important decisions new parents (and all parents of minor children) have to make is who would care for their child(ren) in the event something were to happen to the both of them. Often times, this is overlooked because parents do not want to deal with such an unpleasant hypothetical, but what […]
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 […]
A real estate “short sale” occurs when the existing mortgage(s) on the property will exceed the proceeds from the sale. In this case, the lender allows the home to be sold at a loss and participates in part of that loss, thus the term “short sale.” Short sales are preferable to foreclosure proceedings because foreclosure […]
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, and that would dictate their votes.
When you purchase your property with all its hopes and dreams, I would venture to say that local governmental maintenance ordinance(s) were not a pressing concern. There seems, however, to be a trend in New Jersey in which property owners are facing more and more municipal property maintenance violations. Our firm has witnessed an increase […]
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, […]
A Health Care Directive, also referred to as a Living Will, is a very important document that every individual should have in place, regardless of such individual’s age or health. It is equally as important as a Last Will and Testament, and in certain circumstances, may prove to be a more important document. Few could […]
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 […]
At every stage of litigation, a client should be aware of the possibility of settling a case rather than resorting to a trial. A trial can be stressful, costly and full of uncertainty. A trial requires attention and work from a client, as well as witness preparation. While a trial places the outcome of a […]
There are many times in our life that we are confronted with the litigation scenario of: should I sue or not. The most common lawsuits that we are exposed to arise out of personal injury, breach of contracts or real estate disputes. A personal injury matter generally has a two year statute of limitation and […]