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It’s Not Your Money Yet

By- wpadmin | Apr 11, 2023 | No Comments

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 [....]

The Legal Requirements for the Removal of a Trustee

By- wpadmin | Mar 15, 2023 | No Comments

No man is infallible; the wisest make mistakes; but the law holds no man responsible for the consequences of his mistakes which are the result of the imperfection of human judgment, and do not proceed from fraud, gross carelessness, or indifference to duty. In re Margow’s Estate, 77 N.J. 316, 326 (1978); Connelly v. Weisfeld, 142 N.J. Eq. 406, 411 (E. & A. 194 [....]

Bad Faith: What Is It?

By- wpadmin | Dec 5, 2022 | No Comments

Bad faith is a term used in various areas of the law. It is the standard for one litigant pointing their finger at their adversary and saying “you are not dealing with the issue fairly.”

The term “bad faith” does not simply pertain to bad judgment or negligence. Rather, it implies the conscious doing of a wrong because of dishonest purpose or moral obliquity. “B [....]

What is a Seller Concession?

By- wpadmin | Jul 18, 2022 | No Comments

A seller concession is given when the seller agrees to pay for a portion of the buyer’s closing costs or the entire amount of the buyer’s closing costs at the time of the sale. A seller concession is typically negotiated between the real estate agents at the time the contract is signed or through the parties’ attorneys while the transaction is ongoing.

In addition to t [....]

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