Recent Blog Posts
Estate Planning in New Jersey: Should I Set Up a 529 Plan for a Child or Grandchild?
The cost of college continues to rise. Given that many parents, grandparents, and other close loved ones want to provide access to affordable advanced education for children, a 529 plan can be a great tool. You may be wondering: Is a 529 plan the right choice for my situation? The answer depends on several… Read More »
The Four Big Estate Planning Mistakes Small Businesses Owners Must Avoid
Small businesses owners help to form the backbone of our economy. According to data from the Small Business Administration (SBA), small companies are responsible for nearly half of private sector employment nationwide. If you are a small business owner, it is crucial that you have a comprehensive, customized estate plan that protects your personal… Read More »
New Jersey Appellate Court Rules in Favor of Employee in Expenses Reimbursement Case
Recently, a New Jersey appellate court issued an important decision in favor of an employee in a case centered on an employer’s failure to reimburse certain expenses. In the case of Sands v. Board of Review, Department of Labor and Workforce Development, the court found that the employer’s failure to reimburse an employee for… Read More »
FTC Finalizes Rule Banning Non-Compete Agreements (Litigation Expected)
On April 23rd, 2024, the Federal Trade Commission (FTC) announced major new restrictions on non-compete agreements. The agency is seeking to dramatically reduce non-compete agreements on the grounds that they improperly stifle competition and reduce wages. With that being said, business interests groups have already sued to block the implementation of the regulation Here,… Read More »
Does New York Recognize Wills from Other States?
A significant percentage of American adults do not live in the state where they were born. According to the latest data cited by U.S. News and World Report, nearly half of Americans have changed their state of residency. If you moved to New York, you may be wondering: Is my will still valid? The… Read More »
Four Estate Planning Tips for Long-Term Cohabitating Couples in New Jersey and New York
It has become far more common for people to live together as part of a romantic relationship without actually getting married. According to data collected by the Pew Research Center, the number of long-term cohabitating romantic couples has more than doubled in the past three decades. For cohabitating couples, there are some specialized estate… Read More »
Four Advantages of Using a Revocable Living Trust as Part of Your Estate Plan
Are you preparing to set up or revise your estate plan? You may be considering using a revocable living trust. These trusts can be a cost-effective, efficient way to manage assets. Indeed, many people in New Jersey can benefit from using a revocable living trust as part of their estate plan. At Poulos LoPiccolo… Read More »
What is a Pour-Over Will?
Every adult should have a well-constructed estate plan. As a starting point, your estate plan should generally include a last will and testament. If you set up a living trust, you may want to include a “pour-over” provision within your will. At Poulos LoPiccolo PC, we provide solutions-driven estate planning representation to people and… Read More »
What You Can and Cannot Do With Power of Attorney in New Jersey and New York
A power of attorney (POA) is an important estate planning document. Under New Jersey law (NJ Rev Stat § 46:2B-8.2), a POA is a legal document through which a person can authorize another trusted individual or entity to act on their behalf. At Poulos LoPiccolo PC, we provide comprehensive estate planning support. Within this… Read More »
Why Small Business Owners in New Jersey & New York Need a Power of Attorney (POA) in Place
The Small Business Administration (SBA) Office of Advocacy reports that there are more than 950,000 small business owners in New Jersey. If you own and operate a small business, it is imperative that you have a comprehensive estate plan in place. A power of attorney (POA) is an essential document for a small business… Read More »
