You Don’t Own It Anymore
By Ryan E. Melsky, Esq.
GAGLIARDI & MELSKY, LLC
Several months ago, I wrote an article titled It’s Not Your Money Yet, which detailed the common misunderstanding by beneficiaries that they automatically own what was left to them in a ‘Last Will and Testament.’
This article discusses the opposite situation: the c [....]
The Operating Agreement: The Centerpiece of Your Business
An operating agreement is a written document that dictates how a company will be operated and who is going to be operating it. As a result, an operating agreement should be comprehensive in an effort to address the various decisions and procedures companies typically face. Remember: A properly formed business is a separate legal entity apart from the owners themselves. So a set o [....]
What is an Expungement?
Arrests that do not result in conviction, and even many convictions for criminal offenses may be “expunged” from one’s record. This means that the incident and all resulting paperwork can be erased. As per N.J.S.A. 2C:52-1(b):
Expunged records shall include complaints, warrants, arrests, commitments, processing records, fingerprints, photographs, index cards, “rap [....]
It’s Not Your Money Yet
It is a common scenario:
Someone passes away and their ‘Last Will and Testament’ states that their entire net estate is left to their only child, who is an adult. Further, not only does the Will give that child the entire estate, but it also appoints the child as Executor of the estate, thereby bestowing upon the child the responsibility of disbursing es [....]