I have had many business clients come to me after a former client or employee has sued them. Their question always seems to be, “How could I have avoided this lawsuit”? I have also had many inquiries from individuals who want to know if they can sue a business for incidents that range from defective products to rudeness.… Read More »
An Overview The Qualified Personal Residence Trust (often referred to by its acronym, “QPRT”) can be an effective estate planning technique for a high net worth individual. The concept is simple: the owner of a personal residence transfers it to a trust, but retains the right to live in the residence for a specified period of years. At… Read More »
A charitable remainder trust (CRT) funded during the grantor’s lifetime can be a very effective financial planning took, providing the grantor valuable lifetime benefits. Take the case of 72 year-old Phillip Philanthropist who has $1,000,000 of highly appreciated tech stock. Phillip has charitable inclinations, but is worried about the rising cost of health care. He feels he cannot… Read More »
An Overview Dynasty Trusts are specialized irrevocable trusts designed to shelter assets from transfer taxes over multiple generations, while at the same time allowing your heirs to enjoy the fruits of those assets. Typically, after estate taxes and other settlement costs are paid, most people leave the bulk of their estate outright to their children. The children then… Read More »
REVOCABLE TRUST: An Overview Why Should I consider a Revocable Living Trust as a planning tool? A Revocable Living Trust is a legal document that allows you to make instructions about the management and control of your property while you are alive and the distribution of your estate after your death. This is the important benefit of a… Read More »
When considering whether there can be a repeal of the estate tax it is important to understand that politics, as well as economics, govern the system. The pure essence of this tax is to redistribute the wealth among the classes. The IRS is able to obtain a much greater rate of return auditing estate tax returns than income… Read More »
Virtually all attorneys encounter clients who are eligible for disability benefits from the Social Security Administration. Regrettably, few tell their clients about these benefits. It is crucial to begin the application process right away since it can take several years to complete. The SSA administers Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) programs. SSDI requires… Read More »
Article written based on New Jersey Law 1. When the Clerk or Judge calls the list of all matters scheduled, if the landlord is present in the courtroom and the tenant is not, the tenant will be “in default.” In that case, a judgment granting the landlord possession of the leased property may be entered against the tenant… Read More »
Article written based on New Jersey Law Many clients and readers of News & Views call or e-mail me with recurring questions regarding a real estate acquisition. The purchase of a home, or first venture into multi-family realty, for most individuals requires a substantial investment of time and money. A general understanding of the nature of the transaction… Read More »
Article written based on New Jersey Law The New Jersey Administrative Code provides the Department of Community affairs (DCA) with enforcement powers over Title 5, Chapter 10 entitled Maintenance of Hotels and Multiple Dwellings. Subchapter 8 provides the “code” standards for the maintenance of unit interiors. This is great information to review if you are subject to DCA… Read More »