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Blog Posts in 2012

Court Allows Condominium Association To Restore And Rent Abandoned Unit

A New Jersey Court recently granted a motion filed by Anne P. Ward, Esq. on behalf of a condominium association and entered an Order appointing a Rent Receiver for a condominium unit left vacant by ...
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Emergency Assistance Hurricane Sandy

The following information may be helpful to obtain assistance from the State of New Jersey and the Federal Government: New Jersey State of Emergency Management: www.state.nj.us/njoem Federal Emergency ...
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New Jersey Supreme Court Expands Right Of Putative Fathers To Obtain Paternity Tests

In the recent case of D.W. v. R.W., the New Jersey Supreme Court ruled that presumptive fathers who have a reasonable basis to question the paternity of a child can compel genetic testing even if it ...
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Failure to comply with terms of construction contract prohibits request for change order

Plaintiff was a subcontractor on a public contract, and sought payment of $58,774 for extra work. The trial court denied Plaintiff's claim because Plaintiff had failed to obtain prior written ...
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Post-Death Distributions From an IRA

If you inherited a traditional IRA you should know that you may be able to improve your tax picture by taking timely action and "reshaping" the method of sharing and distributing the IRA. In ...
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Timing Of IRA Distributions

When it comes to taxes, reaching age 70½ is an important milestone. That's because you have to start taking minimum annual distributions from your traditional IRAs when you reach age ...
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Family Limited Partnerships

Keeping the Family Business in the Family When a family business passes from one generation to the next, estate taxes often inflict a crushing burden. One succession strategy that eliminates the ...
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Securing Your Claim: Construction Liens and Bond Claims

Overview Historical Background Mechanic's lien legislation was first enacted in New Jersey in 1820. A critical need existed for new construction. There was no prior common law remedy, so the ...
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A Well-prepared Termination Plan Helps Avoid Lawsuits and Discrimination Claims

As property managers and owners, we sometimes deal with employees who are dishonest, non-team players or poor performers. There usually comes a time when, after unsuccessfully training, coaching and ...
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IRS Announces Plan To Help Struggling Taxpayers

On March 7, 2012, the Internal Revenue Service announced the expansion of its "Fresh Start" initiative to help struggling taxpayers by providing penalty relief to the unemployed and making ...
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Arbitration Award Overturned By Court

Arbitration decisions are rarely overturned. However, in a recent decision the court found it necessary to do so. Plaintiff entered into a contract with defendant to purchase a luxury condo unit, and ...
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President's FY 2013 Budget Proposals Include Estate and Gift Tax Changes

In February 2012, the President released his federal budget proposals for fiscal year 2013. The revenue proposals include over 130 proposed tax changes for businesses and individuals, including estate ...
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What Are "Housing Related Disputes" That Require Alternative Dispute Resolution Under The New Jersey Condominium Law?

The New Jersey Condominium Act, N.J.S.A. 46:8B-14(k) provides, K. An association shall provide a fair and efficient procedure for the resolution of housing-related disputes between individual unit ...
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Individual Liability for Debts of Insolvent Corporations

Can the shareholder, officer or director of a dissolved corporation be liable to creditors for corporate debts? Yes, under certain circumstances. When an insolvent corporation is discontinuing ...
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A Child Is Entitled to a College Education Despite Biting the Hand That Feeds

A divorced parent must still pay college expenses for his estranged daughter who severed her relationship with him. Divorced and divorcing parents in New Jersey are often shocked to learn that they ...
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