Conservatorship, Guardianship, and Britney Spears
Recent news has brought the concept of conservatorship and guardianship to the forefront. Britney Spears’ California conservatorship case involving her father’s control of her financial affairs generated public outcry. Similarly, in Florida, the tragic Surfside condominium collapse created concern for families attempting to manage the affairs of their missing loved ones. States have different procedures […]
Alternate Names for Business Entities
March 29, 2021Michael Salad, Esq. | Craig Panholzer, Esq. We frequently receive inquiries from small-business owners about conducting business under a name other than its legal name. A business entity may conduct business in New Jersey under an alternate name (commonly referred to as a “fictitious name”) if statutory guidelines are met. An alternate name […]
Changing Residency from New Jersey to Florida
Now more than ever, people are contemplating changing their state residency. We are frequently approached by clients seeking to relocate to Florida for financial reasons but they do not always understand the financial benefits or the process of establishing Florida residency. To help you decide whether a permanent move from New Jersey to Florida is […]
Part Two: The Mechanics of an ABLE Account
After part one of our article regarding ABLE accounts, we received several inquiries about how funds in ABLE accounts may be invested, how ABLE accounts differ from a 529 college savings plan, what constitutes permissible uses of ABLE account funds and what happens to account funds after the participant passes away. “ABLE” is an acronym […]
Establishing an ABLE Account in Florida
The Achieving a Better Life Experience Act (the “ABLE Act”) provides families with a valuable savings mechanism that has been underutilized since its enactment into federal law on December 19, 2014. The ABLE Act assists individuals and families in establishing tax-free savings accounts to maintain health, independence and quality of life for individuals with disabilities. […]
Financial Planners Beware
August 8, 2020Michael Salad, Esq. | Craig Panholzer, Esq. In the world of e-mails and text messages, financial planners are often pressed to answer their clients’ questions immediately. Referrals and client retention are the lifeblood of financial planners. As a result, financial planners may unknowingly extend themselves beyond ethical and legal thresholds. This article provides […]
Preserving Social Security Benefits Against Creditor Claims
Debt is common for most Americans. Unexpected events such as job loss or sickness may cause defaults on debt. The resulting credit damage or creditor judgments may follow a debtor for life. To that end, many Americans nearing retirement or in retirement who rely on social security benefits wonder if social security benefits are subject […]
Do Not Resuscitate?
In these times of pandemic uncertainty, many people are faced with difficult circumstances, including health-care professionals. Prolonging life by means of resuscitation is not a decision universally accepted. Leaving that decision to health care providers can be precarious. Hospital and health care professionals are often faced with making decisions of life or death in an […]
Coronavirus, Contracts, and Force Majeure
April 25, 2020Michael Salad, Esq. | Craig Panholzer, Esq. The coronavirus (“COVID-19”) pandemic has prevented businesses around the world from operating and fulfilling contractual obligations. Governments across the globe imposed unprecedented travel, movement, and large-gathering restrictions. Many states within the United States prohibited dine-in service at restaurants and shuttered public schools. Businesses of all sizes […]
Relief for Independent Contractors and the Self-Employed
April 10, 2020 Michael Salad, Esq. | Craig Panholzer, Esq. On March 27, 2020, President Trump signed into law the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. The CARES Act includes the Paycheck Protection Program (“PPP”), which is offering $349 billion in forgivable loans through the United States Small Business Administration that small […]