Greenbaum, Rowe, Smith & Davis LLP
In This Issue:
- New Jersey Civil Rights Act Enacted »
- Taxation of Real Estate Transfers: The Realty Transfer Tax, Mansion Tax and Other Recent Changes »
- Highlands Act Update »
- Asset Protection Planning For Nursing Home Care »
- Morton v. 4 Orchard Trust: How Enforceable Are Oral Agreements To Transfer Real Estate In New Jersey? »
- Corporate Department »
- Highlights »
Exhibit A Newsletter - Winter 2005 Edition | Vol. 9 No. 1
We are pleased to announce that the firm’s name has been changed to Greenbaum, Rowe, Smith & Davis LLP.
We are also pleased to announce that Meryl Gonchar has become Chair of our Land Use Practice Group within our Real Estate Department. Meryl has been with the firm for over 20 years and has concentrated her practice in the areas of land use and planning and land use litigation on behalf of developer clients in all types of residential, commercial and industrial projects.
We have included as an insert to this edition of Exhibit A an article that appeared in the New Jersey Law Journal entitled “The Value of Timing,” about Ciasulli v. Ciasulli, a matrimonial case that the firm handled resulting in the largest known divorce award in New Jersey history.
In this issue, we address three pieces of legislation passed in the last six months. These new laws impact civil rights, real estate taxes, and real estate development. We also look at the importance of estate planning when families may see a need for nursing home care. Finally, we analyze a recent New Jersey Supreme Court decision addressing the transfer of real estate by oral agreement.
Michelle Sekowski presents a brief analysis of the new New Jersey Civil Rights Act, which provides additional statutory remedies for individuals whose constitutional rights have been violated.
Many New Jersey real estate transactions have been impacted by recent changes to various types of real estate transfers. Tom Denitzio and Jennifer McDermott explain and give examples of these changes in their article entitled, “Taxation of Real Estate Transfers: The Realty Transfer Tax, Mansion Tax and Other Recent Changes.”
Meryl Gonchar and Lloyd Tubman provide an update to their in depth article on the Highlands Water Protection and Planning Act that appeared in the Spring 2004 issue of Exhibit A. The article “Highlands Act Update,” outlines the exemptions set forth in the Act, and the proposed utilization of TDR’s in the designated planning areas.
Mike Feinberg explains the rules of Medicare and Medicaid eligibility and the need to consider nursing home planning in estate planning in his article, “Asset Protection Planning for Nursing Home Care.”
Melissa Liebermann reviews a recent Supreme Court of New Jersey decision addressing the 1996 amendment to the Statute of Frauds allowing the enforceability of oral agreements to transfer real estate in the article entitled, “Morton v. Orchard Trust: How Enforceable are Oral Agreements to Transfer Real Estate in New Jersey?”
Lastly, we provide a list of the various programs, honors and appointments of our attorneys. We hope you enjoy this issue and welcome your comments and suggestions.
Very truly yours,
Paul A. Rowe
Managing Partner
We are also pleased to announce that Meryl Gonchar has become Chair of our Land Use Practice Group within our Real Estate Department. Meryl has been with the firm for over 20 years and has concentrated her practice in the areas of land use and planning and land use litigation on behalf of developer clients in all types of residential, commercial and industrial projects.
We have included as an insert to this edition of Exhibit A an article that appeared in the New Jersey Law Journal entitled “The Value of Timing,” about Ciasulli v. Ciasulli, a matrimonial case that the firm handled resulting in the largest known divorce award in New Jersey history.
In this issue, we address three pieces of legislation passed in the last six months. These new laws impact civil rights, real estate taxes, and real estate development. We also look at the importance of estate planning when families may see a need for nursing home care. Finally, we analyze a recent New Jersey Supreme Court decision addressing the transfer of real estate by oral agreement.
Michelle Sekowski presents a brief analysis of the new New Jersey Civil Rights Act, which provides additional statutory remedies for individuals whose constitutional rights have been violated.
Many New Jersey real estate transactions have been impacted by recent changes to various types of real estate transfers. Tom Denitzio and Jennifer McDermott explain and give examples of these changes in their article entitled, “Taxation of Real Estate Transfers: The Realty Transfer Tax, Mansion Tax and Other Recent Changes.”
Meryl Gonchar and Lloyd Tubman provide an update to their in depth article on the Highlands Water Protection and Planning Act that appeared in the Spring 2004 issue of Exhibit A. The article “Highlands Act Update,” outlines the exemptions set forth in the Act, and the proposed utilization of TDR’s in the designated planning areas.
Mike Feinberg explains the rules of Medicare and Medicaid eligibility and the need to consider nursing home planning in estate planning in his article, “Asset Protection Planning for Nursing Home Care.”
Melissa Liebermann reviews a recent Supreme Court of New Jersey decision addressing the 1996 amendment to the Statute of Frauds allowing the enforceability of oral agreements to transfer real estate in the article entitled, “Morton v. Orchard Trust: How Enforceable are Oral Agreements to Transfer Real Estate in New Jersey?”
Lastly, we provide a list of the various programs, honors and appointments of our attorneys. We hope you enjoy this issue and welcome your comments and suggestions.
Very truly yours,
Paul A. Rowe
Managing Partner
New Jersey Civil Rights Act Enacted
The New Jersey Civil Rights Act (the "Act"), signed into law by Governor James McGreevy on September 10, 2004, provides additional statutory remedies for individuals whose constitutional rights have been violated.
Read More »
The New Jersey Civil Rights Act (the "Act"), signed into law by Governor James McGreevy on September 10, 2004, provides additional statutory remedies for individuals whose constitutional rights have been violated.
Read More »
Taxation of Real Estate Transfers:
The Realty Transfer Tax, Mansion Tax and Other Recent Changes
On August 1, 2004, three significant changes became effective with respect to various types of real estate transfers in New Jersey. An increase in the Realty Transfer Tax, the requirement for withholding income tax on sale by a non-resident, and the imposition of the “Mansion Tax” are all expected to have an impact on many New Jersey real estate transactions.
Read More »
On August 1, 2004, three significant changes became effective with respect to various types of real estate transfers in New Jersey. An increase in the Realty Transfer Tax, the requirement for withholding income tax on sale by a non-resident, and the imposition of the “Mansion Tax” are all expected to have an impact on many New Jersey real estate transactions.
Read More »
Highlands Act Update
On August 10, 2004, Governor James McGreevey signed the Highlands Water Protection and Planning Act, P.L. 2004, ch. 120 (the “Act”), a law that will dramatically affect development of nearly 800,000 acres in 88 municipalities in seven counties in northwestern New Jersey.
Read More »
On August 10, 2004, Governor James McGreevey signed the Highlands Water Protection and Planning Act, P.L. 2004, ch. 120 (the “Act”), a law that will dramatically affect development of nearly 800,000 acres in 88 municipalities in seven counties in northwestern New Jersey.
Read More »
Asset Protection Planning For Nursing Home Care
The situation comes sooner or later to many families — an elderly, infirm, or disabled relative who requires nursing home care. The proposed patient and his or her spouse have some assets, but to apply them to costs ranging from $60,000 to $90,000 per year — without public assistance — would rapidly exhaust the couple’s resources, force the sale of assets, and quite possibly cause the spouse to live in poverty.
Read More »
The situation comes sooner or later to many families — an elderly, infirm, or disabled relative who requires nursing home care. The proposed patient and his or her spouse have some assets, but to apply them to costs ranging from $60,000 to $90,000 per year — without public assistance — would rapidly exhaust the couple’s resources, force the sale of assets, and quite possibly cause the spouse to live in poverty.
Read More »