Cloud Storage Options for Creating a Digital Legacy in Your Estate Plan
Cloud Storage Options for Creating a Digital Legacy in Your Estate Plan By Barry Janay, Esq. In today’s digital age, our online presence has become an integral part of our lives. From social media accounts to digital photos, online banking, and cryptocurrency wallets, our digital assets hold significant value, both sentimental and financial. As estate […]
The FARE Act 2024: What NYC Landlords Need to Know
The FARE Act 2024: What NYC Landlords Need to Know By Barry Janay for The Law Office of Barry E. Janay, P.C. The Fairness in Apartment Rental Expenses (FARE) Act, passed by the New York City Council on November 13, 2024, is set to reshape the rental landscape in one of the world’s most competitive […]
Lost a Will? : How Our Legal Team Can Help You Find Solutions Fast
Lost Your Will? Don’t Lose Hope! Have you misplaced your loved one’s will? Don’t panic! While it may seem like a disaster, a lost will isn’t the end of the world. At The Law Office of Barry E. Janay, P.C., we’re here to guide you through this tricky situation with ease and expertise. The Silver […]
Estate Planning for Inheriting from Overseas Relatives: A Guide for New York and New Jersey Residents
Estate Planning for Inheriting from Overseas Relatives: A Guide for New York and New Jersey Residents Inheriting assets from relatives living overseas, particularly in Europe, can be a complex process for residents of New York and New Jersey. This guide outlines key considerations and strategies to ensure a smooth transition of wealth while minimizing legal […]
Beneficial Ownership Information Access: What You Need to Know
FinCEN’s Final Rule on Beneficial Ownership Information Access: What You Need to Know The Financial Crimes Enforcement Network (FinCEN) has issued a crucial final rule implementing the access and safeguard provisions of the Corporate Transparency Act (CTA). This rule, known as the “Access Rule,” outlines how beneficial ownership information (BOI) can be disclosed to authorized recipients […]
Understanding the Medicaid Look-Back Period in NY and NJ: A Simple Guide
Understanding the Medicaid Look-Back Period in NY and NJ: A Simple Guide The Medicaid look-back period is a crucial concept in both New York and New Jersey for individuals seeking Medicaid coverage for long-term care, particularly nursing home care. Here’s a simple explanation of how it works in both states: New York In New York, […]
Understanding Declarations of Trust: Protecting Property Interests
Understanding Declarations of Trust: Protecting Property Interests A declaration of trust is a crucial legal document that safeguards the financial interests of multiple property owners. This powerful tool clarifies ownership percentages, outlines financial contributions, and establishes guidelines for potential future scenarios, effectively preventing disputes and ensuring fair treatment for all parties involved. Key Components of […]
Pooled trust option for seniors in both New York and New Jersey
Pooled trust option for seniors in both New York and New Jersey Pooled trusts are an important asset protection tool for seniors in both New York and New Jersey, particularly for those seeking to qualify for Medicaid while preserving their income and assets. Here’s an explanation of how pooled trusts work in these states: New […]
New Jersey’s Abolition of the Rule Against Perpetuities Benefits Your Estate Plan: Unlocking Generational Wealth
New Jersey’s Abolition of the Rule Against Perpetuities Benefits Your Estate Plan When New Jersey repealed the Rule Against Perpetuities in 1999, it ushered in a new era of estate planning opportunities. This legislative change allows families to preserve wealth across multiple generations through flexible and powerful tools like dynasty trusts. At The Law Office […]
Can a Residential Landlord in New Jersey Waive Liability for Negligence or Injuries in a Lease?
Landlord tenant law waive liability: Can a Residential Landlord in New Jersey Waive Liability for Negligence or Injuries in a Lease? New Jersey law strongly disfavors provisions in residential leases that attempt to waive or disclaim a landlord’s liability for negligence or injuries that occur on leased premises. Such provisions are generally unenforceable as they […]