Individual Retirement Accounts (IRAs) are a popular investment tool for retirement, but they also need to be taken into account when doing estate planning. Although IRAs can be used to provide for heirs either directly or through a trust, to what extent your heirs will benefit from the IRA and avoid unnecessary taxes depends on proper planning.
Handling municipal court matters has become a more common occurrence for Chancery practitioners over the past couple of years . Until recently, handling matters in these courts may have been restricted to defending a traffic ticket for a friend or loved one, but since the explosion of foreclosures in the State of New Jersey, municipal property code violation hearings are becoming far more common in our practice.
The New York Condominium Act provides that a lien for common charges filed by the condominium board of managers (or homeowners association) has priority over all liens except: (1) certain tax liens, (2) liens for certain state agency loans, and (3) all sums unpaid on a first mortgage of record. N.Y. Real Prop. Law § 339-z.