New Jersey “Ethical Wills”: Passing On More Than Mere Possessions

Throughout the years, when clients have reached a certain age or have experienced a sudden or unexpected medical emergency, they have tended to recognize their own mortality. At such times, they have reached out to me in order to prepare or update their Last Will and Testament. Traditionally the focus was almost exclusively upon determining
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Power of Attorney for College Students

Sending a child off to college is exciting and gratifying for many parents but, if your child has an emergency while he or she is away at school, are you empowered to help solve the problem? When your child turns eighteen, you lose the legal authority to manage his or her affairs. If your child
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Expanded State Funding Is Now Available To Pay For Assisted Living And In-Home Care Costs

Until December of 2014, New Jersey residents who earned income in excess of $2163 per month could only obtain Medicaid assistance to pay for nursing home level care. Under New Jersey’s “Medically Needy” program, they could not obtain coverage for care in an assisted living facility or for in-home care. Not only did this leave
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New Jersey Considers Amending Its Estate Tax Threshold

When the federal government increased the amount which is exempt from federal estate tax to over $5 million dollars a few years ago, many clients thought that death taxes and estate tax planning were no longer relevant issues of concern for them. What they failed to recognize, however, is that New Jersey is still one
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The New Jersey “Exit Tax” – It’s Not What You Think

New Jersey’s so-called “Exit Tax” is not a new, special, or additional tax, and many New Jersey residents who sell their homes in order to relocate out of state are not subject to the withholding requirements at all. A Withholding Tax for Non-Residents In essence, the purpose of the assessment is to ensure that non-residents
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Commercial Property Investment: A Good Market For The Wary Investor

As our economy continues to recover, interest in Commercial Property is on the rise as well. Currently, investment opportunities abound in Ocean and Monmouth counties based in part on the number of bank owned “distressed” properties and in part upon the physical and financial devastation caused by Hurricane Sandy. This combination has led to low
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Buyer Beware: Home Inspection Analysis and Advice

Most real estate contracts require Sellers to obtain a municipal Certificate of Occupancy (CO). What many Buyers do not realize, however, is that  municipal inspections are typically limited to a review of obvious code violations, and many towns merely conduct Smoke Detector and Fire Extinguisher examinations. Therefore, the key protections afforded to Buyers in the
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Last Gift Letter of Instructions and Sentiments

There is perhaps nothing worse than seeing a family under stress in the wake of the sudden loss or disability of a loved one. As a lawyer, I see first- hand the lasting damage that can result to even the best of families when a loved one passes away or sustains a devastating and debilitating
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Five Things Realtors Should Know When Selling an Estate House

1: The Will Alone Is Not Enough! You might think that an original Will naming your client as the Executor of his or her parent’s estate would be the best evidence that you could possibly have to show that he or she has the authority to sign your Listing Agreement and to sell the family
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Don’t Put Off Retirement: Downsize Up!

In our heart of hearts we have always known that the old adage is true:  the best things really do come in small packages.  But this is America, where we have soaring hopes and dreams.  For quite awhile most of us bought into the notion that “bigger is better”, so we just had to have
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