WHAT IS A TRUST? Very simply put, a trust is a device that allows your contemplated beneficiaries to skip the Court process of probate, as to the assets that you wish to have them receive directly. This saves time and money with respect to Court and attorney fees, and likely additional grief afte...
When filing for bankruptcy, one of the questions often asked is whether or not tax debt is dischargeable. The long and short of it is yes and no. Yes, some tax debt is dischargeable, as long as certain requirements are met. And no, most tax debt cannot be discharged. WHAT TYPE OF TAX DEBT IS DISC...
The most common bankruptcy filed is that of a Chapter 7, a liquidation for individuals or businesses which is designed to eliminate all debts. In exchange, your assets are liquidated, subject to certain exemptions, which allow you to retain certain assets. Secured debt is treated differently, as ...
The Bank Secrecy Act of 1970 (BSA) was enacted to prevent white collar crimes such as money laundering, tax evasion, or other financial crimes. The BSA requires financial institutions, such as banks, credit unions, and other depository institutions, to assist government agencies and report any su...
In New Jersey, if your loved one passes without a Will, there will be no legal remedy for which to honor his or her wishes regarding their estate. However, this does not necessarily mean you are out of luck. There is a certain procedure as to how a fiduciary appointed by the Court will distribute...
“The only difference between death and taxes is that death doesn't get worse every time Congress meets.” -Will Rogers Taxes have been the talk and fascination of many politicians, comedians, actors, business people, and other individuals of every economic class and working background. For some, f...
Technology is an active part of our society and the very foundation of how most successful businesses are run. Staying up-to-date on software and technology, even in the field of law, is vital to maintaining the highest quality service to our clients. INVESTMENT IN LITIGATION SUPPORT SOFTWARE The...
Bankruptcy proceedings can be life-changing for debtors who are looking to get back on their feet, free from crushing debt. But bankruptcy proceedings are not right for everyone. In order to benefit from filing bankruptcy, debtors must be willing to live with certain hardships, at least temporari...
If you have obtained a judgment against another party which is refusing to pay the monies you are owed, you have a few options. Your experienced New Jersey civil litigation attorney can advise as to which method of collecting the judgment might be most appropriate under your specific circumstance...
A fraudulent transfer (previously known as a fraudulent conveyance) occurs when a debtor transfers property or assets to another person or entity for the purpose of preventing a creditor from collecting on a debt. In many cases, the telltale sign is that the property is transferred to a friend or...
If you are considering bankruptcy and are worried about liens on your property, one of our experienced bankruptcy attorneys in New Jersey can explain the different bankruptcy chapters and how Chapter 13 bankruptcy specifically can aid homeowners facing either imminent or existing property liens. ...
If you or your company has unpaid taxes from previous years or offshore assets on which taxes have not yet been paid, our experienced tax law attorneys in New Jersey can help you work with the IRS to bring your taxes current while minimizing any penalties. Voluntary disclosure programs are availa...
Businesses can have a variety of valuable assets, including securities, real estate, costly equipment, and expensive office space. However, some of a company's most valuable equity is in intangible assets, such as customer goodwill, client lists, and name recognition. Although these assets are of...
Although not many people consider the possible tax consequences of their actions when heading off to a casino for a casual night of gambling, there are important repercussions that all taxpayers should keep in mind. For instance, some types of gambling winnings must be reported as income to both ...
In New Jersey, as in all other states, tax litigation appeals are heard at both the state and federal level, depending on the type and circumstances of the particular case. Our experienced tax attorneys in New Jersey handle both state and federal tax appeals. NEW JERSEY STATE ADMINISTRATIVE APPEA...
When selecting a New Jersey attorney for your complex civil litigation case, it is essential that he or she be well-versed in all of the Federal Rules of Evidence. One such rule provides the procedure by which attorneys must offer summary exhibits in Federal District Court. Failure to adhere to t...
New Jersey alimony laws have been called archaic in the past, but received several updates when Governor Chris Christie signed an alimony reform bill into law in 2014. If you have an alimony order in place or are going through divorce proceedings in which alimony may be a factor, it is important ...
If you are dealing with the repercussions of unfiled tax returns or late income tax payments, you will need the assistance of an experienced New Jersey tax attorney. No matter how delinquent your tax returns or payments may be, we can help. While it can seem daunting at first to take steps to bri...
Working on any project that requires a security clearance is especially important, in that the loss of that clearance translates into the loss of that job. The central agency serving as the corporate human resources organization for the federal government is called the U.S. Office of Personnel Ma...
If you are subject to a spousal support and/or child support order but find that your financial situation has changed and making the required payments is becoming too much of a burden, you may want to speak with your experienced family law attorney in New Jersey to discuss whether filing a motion...
If you are facing a tax litigation matter at the federal level, an experienced tax attorney can help you with any dispute you may have with the Internal Revenue Service (IRS). HISTORY OF THE U.S. TAX COURT Congress established the United States Tax Court in Article I of the U.S. Constitution in o...
If you plan to initiate bankruptcy proceedings in New Jersey, it is important to understand which of your assets are exempted, or “safe,” from sale to pay your creditors under Chapter 7 bankruptcy proceedings, or how much money each creditor will receive from your payment plan under a Chapter 13 ...
For tax purposes, it is important for those who engage in frequent gambling to be able to distinguish between a professional gambler and a casual gambler. WHAT IS THE DIFFERENCE IN TAX TREATMENT BETWEEN A PROFESSIONAL GAMBLER AND A CASUAL GAMBLER? Professional gamblers can take advantage of certa...
Many companies do business in both New York and New Jersey, but crossing state lines for business purposes can also blur the distinction regarding which state's tax laws apply. In some instances, both states may try to collect taxes on one business activity, subjecting business owners and even in...
If you are a homeowner suffering damages related to poor construction or other construction or building violations, you may have a valid consumer fraud claim against your construction company. Our experienced consumer fraud construction lawyers in New Jersey can investigate the situation that gav...
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