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Tuesday, June 19, 2018

Avoiding the Most Common Estate Planning Mistake

Q: Is having a Last Will and Testament enough?

Skilled New York and New Jersey estate planning lawyers would likely agree that the number one biggest mistake people make--aside from not having an estate plan at all--is relying only on a Last Will and Testament (commonly referred to as a “will”).

A will is the required foundational document in virtually every

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Tuesday, June 12, 2018

Protecting the Inheritance of a Spendthrift Child

Q: Should I leave my estate outright to my spendthrift adult child?

Our children. From the moment they are born we want to protect them from anything that threatens them and leave them a secure future after we are gone. For that reason, many new parents make the wise decision to seek counsel from a skilled estate planning attorney.

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Monday, June 4, 2018

Bitcoin and the Future of Real Estate

Can I buy a home in bitcoin?

Bitcoin is a digital currency that has rocked the financial market. Bitcoin and other cryptocurrencies operate without the need for a central bank. Bitcoin has surged in popularity in recent years, with more companies now accepting the revolutionary currency.

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Monday, May 28, 2018

Avoiding Will Contests in New York

Q: What situations often lead to a will contest?

Skilled Estate planning lawyers recommend that all people come in to establish an initial estate plan upon turning 18 years of age because, while it's difficult to consider, death or disability can strike even the young at any time.

Not only should

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Tuesday, May 22, 2018

NYC’s High End Real Estate Market Enters a Correction

How can I negotiate a good home price in a weakening market?

Real estate sales in Manhattan have plunged in the first quarter, marking the most significant sales drop in nearly a decade. Luxury homes in the area are now thought to be selling at their lowest level in at least six years. This weakening of what was thought of as an untouchable New York City real estate market reflects consumer uncertainty over the new federal tax law and fear surrounding the swaying stock market. Our

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Tuesday, May 15, 2018

New Chatbot Promises to Write Your Will For You, But At What Cost?

What are the dangers of using a chatbot or other technology to make my will?

A taxation lawyer in South Australia has developed a chatbot that can automatically generate your will. The chatbot is named Ailira and already hundreds of people have used the bot to make an estate plan. For a fee, Ailira will ask the user a series of questions through text. This information is then collected and used to generate an automatic will or other estate planning document. While the chatbot offers ease of use, it raises some potential concerns as to the safety of a will created solely by a robot.

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Tuesday, May 8, 2018

Eminent Domain Explained

What is eminent domain?

The concept of eminent domain recently made the news in New Jersey. The city of Hoboken had been attempting to obtain three acres of waterfront property through eminent domain. Now, the mayor of Hoboken has announced that the city will suspend all eminent domain efforts in response to a proposal issued by the mayor, who has alternative plans for the property. This aborted eminent domain action may have some New York and New Jersey residents wondering what exactly is eminent domain and when can it be used.

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Tuesday, April 24, 2018

Selecting a Nursing Home for Your Loved One

What questions should I ask about a potential nursing home?

If your elderly loved one can no longer safely live alone, a nursing home may be the best place for your relative to receive the quality care he or she requires. Not all nursing homes are equal, however, and it is critically important that you thoroughly research the nursing homes you are considering. You will want to tour nursing homes in your area and ask many questions to determine which location is the best fit for your elderly loved one. For assistance with choosing and defraying nursing home costs,

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Friday, April 20, 2018

Home Buying Basics For The First Time Homebuyer

Where do I begin the home buying process?

For the first time home buyer, buying a house can seem like an overwhelming process. A successful purchase requires several critical factors coming together at the same time. You will need to find your perfect house, ensure it passes inspection, negotiate to a price you can afford, and ensure your purchase agreement protects your legal rights. Our

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Tuesday, April 17, 2018

Estate Planning in Your 20s and 30s

Do I need an estate plan if I am single?

If you are in your 20s or 30s and have yet to create an estate plan, you are far from alone. According to a survey from Caring.com, 60 percent of all Americans lack a will or other basic estate plan. While it may be tempting to put off making an estate plan if you are young or single, doing so comes with considerable risks. Every year approximately 150,000 die from unintentional injuries, as reported by the Centers for Disease Control and Prevention.

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Tuesday, April 10, 2018

Home Inspection Essentials in NY

What are my legal rights if the home I am looking to purchase is found to have a major defect?

Buying a home is a significant investment that you will want to enter into with full disclosure. As such, your home inspection will be one of the most critical components to the purchase of your new home. You will want to select a certified home inspector with experience and skill who will identify any areas of concern in the home. Your purchase contract should additionally protect you in the event a major problem is found.

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