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Crafting Commercial Lease Agreements
Let’s explore the types of commercial lease agreements you may encounter when renting a an office, warehouse or retail location. Renting real property is unique because the landlord retains legal ownership while the tenant uses it for their own chosen purposes. Both the landlord and tenant will typically agree to the terms of lease, which is often drafted by the landlord or their representative.
Renting is not just used for residential purposes either. Commercial renting is also very common. The primary difference between...
Read More....What is Per Stirpes and How Can You Use it in Your Will?
Per Stirpes is a simple method of adding contingent beneficiaries to your will. Deciding who will inherit your assets and estate after you pass away is an important, sometimes difficult, decision. It can be more complicated in cases of large estates or those with many beneficiaries. One way to simplify this process is to use language such as “per stirpes” in your last Will and Testament.
What Is Per Stirpes?The term “Per stirpes” means “by branch” or “by roots” in Latin. The branches or roots in this legal phrase refer to a family tree, or...
Read More....The Corporate Transparency Act, What You Need To Know
The Corporate Transparency Act (CTA) went into effect on January 1, 2024, requiring millions of small businesses across the U.S. to register with the Department of Treasury. Under the new legislation, businesses that meet certain criteria must submit a Beneficial Ownership Information (BOI) Report to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), providing details identifying individuals who are associated with the reporting company.
The CTA was established to prevent individuals...
Read More....Proving Undue Influence In New Jersey
When administering the estate of someone who has passed, the priority should always be to honor their intentions and wishes. In most cases, this can be done by simply following the directions laid out in a decedent’s last Will and Testament. However, if a potential beneficiary or relative believes that the Will is invalid, matters can become complicated. One of the most common issues involving the validity of a will is undue influence. In the case discussed below, a man accused his sister of unduly influencing his deceased son into naming...
Read More....Wrongful Death Act In New Jersey
When someone passes due to a wrongful death in New Jersey, there are certain requirements if the family intends to file a wrongful death claim. The New Jersey statutes require a special appointment when there is going to be a wrongful death claim. There are numerous types of cases which could require an Administrator Ad Prosequendum in New Jersey, including:
fatal medical malpractice resulting in death
fatal motorcycle accident
fatal shooting
nursing home neglect/abuse
workplace death
product liability (car parts, medical devises,...
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Issues With Partition Action In New Jersey
There are many ways to own property jointly in New Jersey, In some instances, if owners cannot agree to how to handle a property, a partition action may be the only option to resolve the dispute. When deciding to own property with another person or people, you should carefully consider what arrangement works best for you and the other parties involved. In the unfortunate event that one owner dies, the other property owners should be prepared for how that will impact their agreement.
What is Partition Action?A partition is a legal action...
Read More....The Slayer Statute
It is generally understood that the slayer statute protects a persons belongings and funds when they are slain by a beneficiary of their estate. That passing may be the result of natural causes, a fatal car or work accident, or an illness. Sadly, there are cases where the death may be the result of malicious or criminal actions. Although it is not necessarily common, there have been several cases in which a person kills another with the intent to collect their life insurance or other benefits. You may have seen various instances on crime ...
Read More....A Digital Estate Plan: What is it, and What Does it Involve?
A digital estate plan focuses on your digital assets rather than physical or financial assets. In a world that is becoming increasingly dependent on digital and online platforms, everything is changing. Estate planning is no exception. In addition to having estate planning for your physical and financial assets, you need to have a plan for your digital estate. Find out what your digital estate includes and what to include in your digital estate plan as you keep reading.
What is a Digital Estate Plan?A digital estate plan, in contrast...
Read More....End-of-Life Decisions: What to Consider and Why it’s Important
While it can seem morbid, making end-of-life decisions is important to both your estate and your loved ones. There is a lot to consider, which can be overwhelming. For that reason, we have broken some of this information down for you.
While not everything will be applicable to every situation, much of it will. Keep reading to learn more.
https://vimeo.com/1028564953?loop=0 What are End-of-Life Decisions?End-of-Life decisions are decisions to be made as you approach the end of your life such as medical intervention, estate planning,...
Read More....Inheritance Tax Comparison: NJ, PA & DE
This article should make you familiar with the general inheritance tax considerations in New Jersey, Pennsylvania, and Delaware. Tax considerations are a large part of the job of an administrator or executor of a Will. You should consult a certified public accountant with regard to all tax issues. The requirements vary by state, so you should make yourself familiar with the laws of your state in order to be properly prepared.
What is Inheritance Tax?Inheritance tax is a percentage of money that beneficiaries must pay when receiving...
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