February 2012 Ask Us    |    Your New Year's Will-Power    |    What is Elder Law?    |    About FSKS Q. If the value of my house has decreased, can I get my real estate taxes reduced?     A. The short answer is “probably.” In the last few years many NJ residents have seen the fair market value of their home decline – often significantly – to the point where it makes good sense to file a real estate tax appeal. Here are some indicators that the time is right to file an appeal:     • Homes in your area (“comparables”) are selling for much less than you think your home is worth   • Your real estate taxes were recently increased   • You haven’t filed a tax appeal in at least 5 years     While you can certainly file your own appeal...     Read More   As part of your New Year’s planning, take a moment to consider how well protected you and your loved ones are in regard to your hard-earned assets. No one knows the day or hour when their life may end, but proper planning now will help your survivors. Ask yourself these questions:      » Do I need a will?    » Does my will need review/updating?    » Do I need an estate plan?   If you have a spouse, children (especially minor children), and assets, you should ...   Read More   About 76 million Americans were born between 1945 and 1964 – the “baby boomers” – and are now becoming the “golden boomers” (because of retirement from the workforce).   Baby Boomers control over 80% of personal financial assets and more than 50% of discretionary spending power, buy 77% of all prescription drugs, 61% of OTC medication, and 80% of all leisure travel. A 65-year old male today has a life expectancy of about...   Read More   We are a general practice law firm offering innovative solutions to personal and business legal issues in New Jersey and New York for more than 35 years.   From our offices in Parsippany and Toms River, we advocate for our clients in every county in New Jersey.  Please visit our website to learn more.   Welcome to the premier issue of our newsletter, “The Fein Print.”   Our goal is to provide our clients and friends with relevant news for their legal needs, and provide links and access to the trove of resources on our website. And, of course, we are always accessible for consultation via phone and email.   Have a question, or an area of interest you’d like to see explored? Just shoot us an email and watch for our response!     Worth a Thousand Words...   Our video this issue is a ten minute presentation on the 2011-2012 “Tax Sale,” which pertains to transfer taxes on Gift, Estate, and Generation Skipping Taxes.   Exemption amounts have been greatly increased, and maximum tax rates have been greatly reduced, during this two year window which expires December 31, 2012.     Watch Video   Business/Corporate Law Litigation/Personal Injury Estate Planning/Elder Law Tax Law Probate and Estate Administration Real Estate: Commercial & Resid.   7 Century Drive Suite 201 Parsippany, NJ 07054 P: 973-538-4700 F: 973-538-8234 info@feinsuch.com   833 Route 37 West, Suite B Toms River, NJ 08755 P: 732-279-3863 F: 732-279-3847 info@feinsuch.com     subscribe ATTORNEY ADVERTISING - The information contained in this site may be considered attorney advertising under the rules of some jurisdictions. Furthermore, any cases or results described on this website do not guarantee a similar outcome.   DISCLAIMER The purpose of this newsletter is to provide information about the Fein, Such, Kahn & Shepard P.C.’s qualifications and experience.  Information provided in this newsletter does not constitute a solicitation or legal advice.  You should not rely on the information provided on this email/website as a source of legal advice.  Any information provided concerning potential legal issues is not a substitute for you obtaining legal advice from qualified counsel.  Therefore, you should not take or refrain from taking any action based on any information contained in our email/website.   In addition, any prior results described on this email/website do not guarantee a similar outcome.  The information provided in this newsletter may not reflect the most current legal developments.  Fein, Such, Kahn & Shepard P.C. does not have an obligation to update the information in this newsletter.  Information presented in this newsletter is not warranted, represented or guaranteed to be correct or complete.  Fein, Such, Kahn & Shepard P.C. has no liability with respect to the information provided in this newsletter or the use of any information provided in this newsletter.   Fein, Such, Kahn & Shepard P.C. expressly disclaims and has no liability with respect to any actions taken or not taken based on any information on this web site.  Fein, Such, Kahn & Shepard P.C. expressly disclaims all warranties, express or implied with respect to this web site and the information contained on this web site, including, without limitation, implied warranties of merchantability, fitness for a particular purpose and non-infringement.   Sending email or other correspondence to Fein, Such, Kahn & Shepard P.C. or any of its attorneys or staff will not create any attorney-client relationship or obligate Fein, Such, Kahn & Shepard P.C. to represent you.  If you are not currently a client of Fein, Such, Kahn & Shepard P.C., your communications to Fein, Such, Kahn & Shepard P.C. are not privileged and may be disclosed to other persons. Therefore, do not send any confidential information to Fein, Such, Kahn & Shepard P.C. unless you have formally established an attorney-client relationship by entering into a written and signed engagement agreement.