Category Archives: Articles

Estate Tax Dispute Procedures

By | July 9, 2002

It is a widely held belief that one of the most unfortunate circumstances in modern society is to have a tax return selected for audit by the Internal Revenue Service (Service). Estate tax returns are subject to audit and adjustment like any other tax return. Under current law, an estate tax return must be filed by the Personal… Read More »

Qualified Personal Residence Trust (QPRT) reeserves the use of a residence

By | July 9, 2002

A Qualified Personal Residence Trust (QPRT) is a trust in which the person establishing the trust, call the Grantor, reserves the use of a residence (either the Grantor’s primary residence or a seasonal residence) for a specified term of years. In the trust agreement, the Grantor designates the individuals who will be entitled to the property at the… Read More »

The Most Frequent Estate Planning Mistakes

By | June 5, 2002

Underestimating Exposure to Estate Taxation Often people do not believe they are worth enough to be subject to Federal Estate Taxation. If your estate is larger than $1,000,000, the estate tax begins at 41 percent! It is common to hear a person undervalue real estate, especially in this portion of the country (Bergen and Passaic counties in New… Read More »

Mechanic’s Liens and Attorneys Fees

By | June 3, 2002

Based on California Law Our office is commonly asked whether a contractor who files an action to foreclose on a mechanic’s lien can recover his attorneys fees against the owner of the property if he prevails at trial. There is a distinction in the type of cases where a contractor seeks to foreclose on a mechanic’s lien. Where… Read More »

Choosing a Fiduciary

By | June 3, 2002

Your fiduciary is an integral part of your estate plan. Who should you appoint to coordinate your affairs upon incapacity or death? Consider these questions when making the selection: What are the responsibilities of my fiduciary? The fiduciary you select should be capable of handling the responsibilities of the appointed role. Personal Representatives and Trustees are charged with… Read More »

Are you master of your own domain?

By | May 31, 2002

Enforcing Trademark Rights Online Through The ICANN Domain Name Dispute Resolution Policy & The Anticybersquatting Consumer Protection Act[1] Henry J. Fasthoff, IV[2] May 2000 I. Introduction[3] The hottest commodity in Cyberspace is the domain name. Between 1996 and 1999, the number of domain names registered in the United States exploded from 1 million to more than 6 million.[4]… Read More »

Save money by filing your tax return even if you cannot pay the tax

Let’s face it, we all hate to pay taxes. Filing our tax returns is often painful and time-consuming, not to mention expensive. Unfortunately, many people encounter some type of tax problem during their lifetime. Whether it is failing to file their taxes on time, not having the money to pay taxes that are owed, or failing to file… Read More »

Have you chosen the right type of business to protect your assets?

Article written based on California Law As small business owners are well aware, we live in a time where anyone who feels that they have been wronged files a lawsuit. Now, more than ever, it is important that small businesses examine their options to determine the correct type of business entity in which to operate. Choosing the right… Read More »

Strong Public Relations to Help Avoid Lawsuits

I have had many business clients come to me after a former client or employee has sued them. Their question always seems to be, “How could I have avoided this lawsuit”? I have also had many inquiries from individuals who want to know if they can sue a business for incidents that range from defective products to rudeness.… Read More »

Qualified Personal Residence Trust

By | May 30, 2002

An Overview The Qualified Personal Residence Trust (often referred to by its acronym, “QPRT”) can be an effective estate planning technique for a high net worth individual. The concept is simple: the owner of a personal residence transfers it to a trust, but retains the right to live in the residence for a specified period of years. At… Read More »