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 […]
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 […]
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 […]
Today, many businesses, large and small, seek to have their product and/or service associated with a particular symbol or mark. Some of the more famous trademarks and servicemarks include the McDonald’s arches and the Microsoft logo.Under the old common law, a business that over an extended period of time continuously utilized and displayed to the […]
Our regular readers know that I recommend that all of our clients have 3 basic estate planning documents — a Will, a Living Will and a Power of Attorney. These (a) ensure that your assets are properly distributed at your death; (b) ensure that your wishes regarding life support are effected and, (c) protect you […]
Since World War I, our federal and state governments have recognized the need to temporarily protect military personnel from certain legal matters. The public policy goal is to ensure that our Soldiers, Sailors, and Marines can attend to their military duties free from worry about civil court proceedings on the homefront.The Congress and the New […]
When I first realized that I was expecting a baby, a million thoughts raced through my mind. Eventually I was able to weed out the moderate to completely irrational ones (some irrational ones remained all nine months and, actually, have never left – but that’s a topic for another day). What I was left with […]
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 […]
The new tax law, The 2001 Economic Growth and Tax Relief Reconciliation Act, is very complicated, and it unfortunately does not eliminate the need for estate planning. In fact, it makes tax and estate planning more important. The old law had a combined Gift and Estate Unified Credit and Tax Rate. It permitted each person […]
Summer is a time of transition for many families, so we are often asked if parents can change their residences after a divorce or separation. New Jersey Law addresses this issue, but, of course, the facts of each case must be considered when applying it. Many couples with children think about this issue when they […]