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Thinking of Putting an Asset in Another Name? Be Aware of These Potential Pitfalls.

I have many clients that put the ownership of their assets in other names. The usual scenarios (and related challenges) include: Scenario #1: Putting their assets in a trust thinking that they will avoid tax related responsibilities…

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Selling Your Home? How To Make Sure Required Repairs Don’t Sneak Up On You

New Jersey Real Estate Contracts have extensive provisions to allow the Buyer to do "Home Inspections". Buyers can inspect for many items including the Home itself, Wood Destroying Insects, Radon, Underground Oil Tanks, etc.

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Welcome Back to Our Updated Page!

Welcome back to our Blog! Thank you for visiting our website. We hope you find it informative and helpful.

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Learn About Me!

I am a general practitioner of law. Although, I have resided and have my office in Bergen County, my practice includes all of northern New Jersey. I am also licensed to practice law in the state of New York.

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Controversial Matter

This past weeks dangerous and sad experience of a young boy who accidentally slipped into the Cincinatti Zoo and Botantical Garden's gorilla enclosure has created controversy over animals in captivity. A western lowland gorilla was killed to save a young boy. The boy was in "imminent danger" leaving the zoo's Animal Response team with no option but to shoot the 400 plus pound gorilla.

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Mortgage Financing

As a Real Estate Attorney, most of my clients need mortgage financing in order to purchase their homes and Real Estate investments.

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Buying and Selling Investment Properties

When buying and selling investment type properties, it is very important to discuss your intentions and the specific details of the transaction with your accountant as well as your Real Estate Attorney.

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Real Estate in the Spring

Real Estate is getting hot as Spring arrives. I am seeing increased activity in Real Estate transactions this month. The interest rates are still low and people are now ready to make their moves.

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1031 Exchange

Many of my Real Estate investor clients utilize a tax benefit known as a 1031 Deferred Exchange. This IRS regulation allows the seller of investment Real Estate ( and other types of investment Real Estate) to sell the assets, make a profit, but not pay income tax on that profit in that year.

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Bulk Sale Law

New Jersey applies the Bulk Sale Law to Real Estate sales regarding incoming producing property. There is a lengthy list of specific types of transactions that are included, herein. The purpose of this law is to make sure that any taxes that are owed or were previously due from an owner of income producing property have been satisfied.

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