Federal Gift Tax Exemption

The next four months may provide a unique opportunity for estate planning. The federal gift tax exemption had never exceeded $1 million until 2011. Currently, every individual is entitled to a $5.12 million gift tax exemption. A federal estate and gift tax rate of 35% is imposed on an estate exceeding $5.12 million. On January … Continue reading “Federal Gift Tax Exemption”

Please Join Us Friday Oct. 19, 2012 Breakfast Seminar

An Atlantic/Cape May Chapter of the NJSCPA Education FoundationEvent Presented ByThe Tax & Business Practice Group of Cooper Levenson Attorneys at Law This program will cover the following: Income, Estate and Gift Tax changes scheduled to take place on January 1, 2013. Income, Estate and Gift Tax Planning issues, including year end income tax planning, … Continue reading “Please Join Us Friday Oct. 19, 2012 Breakfast Seminar”

Governor Christie Signs New Tenure Law

On August 6, 2012, Governor Christie signed into law the Teacher Effectiveness and Accountability for the Children of New Jersey (TEACHNJ) Act. The intent of the new legislation, which takes effect in the 2012-2013 school year with the exception of one provision that takes effect immediately, is to raise student achievement and improve the quality … Continue reading “Governor Christie Signs New Tenure Law”

Commercial And Business Loan Availability

Given the commercial loan rates available at this time, it is worthwhile for everyone to take the time to review the terms of your commercial loan obligations. Commercial interest rates are now available to creditworthy borrowers at 3.8% to 4.75%, either fixed or variable, for terms of five to ten years. Most commercial banks are … Continue reading “Commercial And Business Loan Availability”

Court Addresses Recoverability Of Medical Expenses Not Covered By Minimal Pip Policy

In the Law Division case of Wise v. Marienski, L-2741-09 a Union County New Jersey superior court judge was presented with the question of whether plaintiffs injured in a motor vehicle accident could recover as damages unpaid medical expenses which exceeded their minimal PIP policy, or whether their election of minimal limits barred them from … Continue reading “Court Addresses Recoverability Of Medical Expenses Not Covered By Minimal Pip Policy”

Avoiding The Heartbreak Of Expensive Litigation – Part 1

For the past 35 years a significant portion of my practice has been devoted to representing people involved in Will contests – cases wherein a family member is suing a sister or brother, or even parents or step-parents regarding a loved one’s assets and last wishes. These lawsuits are often complicated, emotionally draining and very … Continue reading “Avoiding The Heartbreak Of Expensive Litigation – Part 1”

Written Communications Secure In Pennsylvania

Litigators in Pennsylvania can feel secure written communications with their litigation experts are protected from discovery by their adversary. Such communications were recently determined to be immunized from discovery as “attorney work product” and therefore beyond the scope of expert discovery. No longer will counsel have to undertake “elaborate measures to avoid creating a discoverable … Continue reading “Written Communications Secure In Pennsylvania”

Please Join Us Wednesday, May 16, 2012 Breakfast Seminar

An Atlantic/Cape May Chapter of the NJSCPA Education FoundationEvent Presented ByThe Tax & Business Practice Group of Cooper Levenson Attorneys at Law This program will cover the following: Ongoing audit activity both on the federal and state levels, including the responsibility of the preparer and/or the accountant who is representing the taxpayer in the audit. … Continue reading “Please Join Us Wednesday, May 16, 2012 Breakfast Seminar”

Real Estate Valuation Methodogy

Once the highest and best use for real estate is established, the various methodologies for valuing improved property can be utilized. The easiest method to understand is the sales comparison approach a/k/a the comparable sales approach. In this method, value is established by analyzing sales, listings or pending sales of properties that are similar to … Continue reading “Real Estate Valuation Methodogy”

Real Estate Valuation Methodogy

Once the highest and best use for real estate is established, the various methodologies for valuing improved property can be utilized. The easiest method to understand is the sales comparison approach a/k/a the comparable sales approach. In this method, value is established by analyzing sales, listings or pending sales of properties that are similar to … Continue reading “Real Estate Valuation Methodogy”