Thomas M. Wells

Of Counsel
(201) 587-0888  Ext. 6400
Cell: (201) 965-0068
twells@wellslaw.com

Areas of Practice
  • Business and Commercial Law
  • Non Profit Law
  • Land Use Law
  • Real Estate Law
Education
  • J.D. Case Western Reserve University, 1981
  • B.A., Bucknell University, 1974
Bar Admissions
  • New Jersey, 1983
  • Ohio, 1981
  • Vermont, 2001
Court Admissions
  • U.S. District Court NJ, 1983
Affiliations
  • Bergen County Bar Association
  • Vermont Bar Association
  • National Association of Corporate Directors
  • National Institute of Trial Advocacy
Special Interests
  • Numerous Non-Profit Representations
  • Director, Beach Bank Corp., Tampa Florida
  • Trustee, Ridgewood YMCA Volunteer for more than 50 years
  • Director, YMCA d’Haiti
  • Rotary International Member for more than 30 years

About Tom

Tom Wells was the founding partner of Wells, Jaworski & Liebman LLP. He served as the firm’s first Managing Partner and initially guided its growth to its status as a highly respected firm. After stepping down as Managing Partner, he remained the CFO and one of the firm’s three Administrative Partners, until his retirement in 2021 when he moved to “of counsel” status. Tom concentrated his practice in real estate, land use, business, commercial, and non-profit areas. For more than thirty years, Tom has enjoyed AV (highest possible) Peer Review Rating from Martindale Hubbell national lawyer’s directory.

As also the owner of a number of business enterprises, Tom has significant expertise in the area of business client representation and complex financing arrangements for real estate development and business working capital. In addition to the law firm, Tom is the Managing Partner of Wells Mountain LLC, a real estate development and management firm with properties principally in the state of Vermont, including five restorations of historic buildings into modern, successful commercial properties with over 45 tenants. Additionally, Tom is the Managing Partner of Wells Mountain Investments which has various and diverse holdings. Finally, Tom is also a “banker,” having served nine years on the Board of Directors of Cascade Bancorp, a Bend, Oregon-based bank holding company, and more recently the Board of Directors of Beach Bank Corp. in Tampa, Florida.

Tom also enjoys numerous philanthropic and civic involvements, including over 30 years of active participation in both Rotary International and the YMCA, principally as an Officer, Director and Trustee of the Ridgewood, New Jersey YMCA, and in recent years as a non-Haitian member of the Board of Directors for YMCA d’Haiti. Tom’s principal philanthropic activity is as the Founder and Chairman of the Board of Wells Mountain Initiative (www.wellsmountianinitiative.org) which he founded 16 years ago. “WMI” is a 501(c)(3) qualified charity focused on social change through education and community building primarily in the developing world which at last count had over 500 WMI Scholars (up from just one in 2005) studying and working in 51 countries, and 85 WMI funded social entrepreneurship programs in 18 countries. In Haiti, Tom spearheaded the construction and development of six Container YMCA Community Centers built from former shipping containers utilizing a unique award-wining design.

Tom is a graduate of Bucknell University, where in 2016 he received the Distinguished Citizenship Award together with his wife Carol, and of Case Western Reserve School of Law. He is admitted to practice law in New Jersey, Vermont and Ohio and in various District Courts. He is a former member of the Bergen County District Ethics Committee.

Tom presently divides his time between homes in St. Thomas, U.S.V.I., and Shoreham, Vermont, where he has been busy creating a 20-acre “family compound” on Lake Champlain. Tom and Carol are proud parents of three daughters, and have a grandson and two granddaughters.

Land Use, Zoning and Development

Preeminent zoning attorneys with extensive experience in sophisticated environmental matters, construction issues, zoning laws, land use law, and anticipated future land use.

Real Estate and Commercial Transactions

Sophisticated real estate lawyers adept in a wide variety of real estate legal matters , both complex and straight forward, commercial and residential.

Business and Corporate

For all types of corporate and commercial transactions including legal advice for mergers and acquisitions, complex business transactions and financing.

Articles by Thomas

Is Your Non-Profit Well Run?

Non-profits come in all sizes. Many of the largest employers in any given area are legally non-profits…consider area hospitals and colleges. There are also thousands of smaller non-profits ranging from those with a very specific and active purpose, a social service provider, a community mental health agency, a library foundation, a service club or its […]

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Private Foundation or Donor Advised Fund…Which Way Should I Go?

Have you done well enough that you are thinking of making a substantial gift to charity? For those seeking philanthropic flexibility and high impact, the vehicle of choice has almost always been to create a private foundation.

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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, and that would dictate their votes.

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Is Crowd Funding Right for Your Non-Profit?

In years past, if you had a good idea, whether it be for a for-profit venture, or more relevant to this article, for a non-profit, you would take that idea to friends and sometimes through friends, to others, and seek support. We call this “networking.” An exciting new concept burst onto the field just a […]

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Benefit Corporations

Recently, New Jersey became the third state to enact legislation authorizing the creation of “Benefit Corporations.” A Benefit Corporation is “for profit,” but at the same time it promotes performance accountability and transparency, and is designed to achieve a “public benefit.” Vermont and Virginia have also enacted similar legislation, and many other states are considering […]

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How about a “L3C”?

An exciting new concept was recently born in the State of Vermont, where our firm also has an office. Vermont is the first of the 50 states to allow low profit limited liability companies to organize as a “L3C.” The basic purpose of a L3C is to signal foundations and other 501(c)(3) qualified donors that […]

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Our New TTE (Tax, Trusts and Estates) Department

As part of our long range plan for the law firm, last year we made a decision to substantially increase the sophistication and capacities of our firm in the area of tax, trusts and estates. As a result, we decided to completely reorganize and staff what used to be called our “Estate Planning and Elder […]

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So What Do Sub-Prime Loans Have To Do With Me? . . . . a layperson’s primer

Not much! At first blush, this is the clear answer to this question. That is, unless your credit is not so good and you stretched hard to get a mortgage that you really could not easily afford through a Mortgage Broker who sold your mortgage as part of a pool of mortgages. Not you, then, […]

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WJ&L and Our Banks

We have the good fortune to represent a number of the area’s premier financial institutions including Hudson City Savings Bank, Valley National Bank, Commerce Bank, Citibank and Oritani Savings Bank. Banks need lawyers too, and our firm works in the areas of contract and lease negotiations, land use approvals, employment matters, litigation, and the like […]

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