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Refinancing Your Property: Beware of Mechanic's Lien
If you're looking to refinance and mechanic's liens have been filed against your property, you need to know your options. Simply depositing money with a title company isn't the answer—it could lead to an unnecessary payout. Instead, consider securing a discharge mechanic’s lien bond, which ensures protection while the dispute is resolved.
New York's "No Severance Ultimatums Act" Sets a New Minimum Standard for Severance Agreements, Expanding Protections for New York Employees (US)
On March 4, 2025, the New York State Senate passed the groundbreaking “No Severance Ultimatums Act” (S.372)—a game-changer for employees statewide. If enacted, compliance will be immediate, and non-compliant agreements will be void and unenforceable.
Compensation for Executors, Administrators, and Trustees
Fiduciaries play a crucial role in estate administration—and they’re entitled to compensation for their services. Whether outlined in a Will or Trust or determined by New York law, payments depend on estate size and responsibilities.
New York Set to Amend Law Addressing Retail Employee Workplace Violence Prevention
New York has revised its workplace violence prevention law, adjusting key provisions before the March 2025 rollout. While employers must still implement a workplace violence prevention policy and provide training, a major change removes the requirement for a 9-1-1 panic button, replacing it with an alert system for supervisors or security personnel instead. What does this mean for retail employers and workers?
How to Sell a Business Subject to an SBA EIDL Loan
Selling a business with an SBA EIDL loan comes with challenges, especially if the sale proceeds won’t fully cover the loan balance. Navigating SBA requirements can take months, so preparation is key.
Why Renounce Your Inheritance
It might sound surprising, but there are valid reasons to say no to an inheritance, including tax planning, debt avoidance, family agreements, and maintaining eligibility for government benefits. However, renouncing must be done properly—within 9 months, in writing, and filed with the court. Missed the deadline? You may still petition the Surrogate’s Court for approval.
Important Update on the Corporate Transparency Act: BOI Filing Requirements Restored
The BOI filing requirements have been restored, and the new deadline is March 21, 2025. FinCEN is reviewing options to modify deadlines and reduce burdens for lower-risk entities, but penalties for late filings remain steep—nearly $600 per day! Don’t risk noncompliance—stay informed and take action.
New and Important Changes for New Yorkers
Exciting updates in New York real estate law are strengthening protections for homeowners, particularly against deed theft and estate planning challenges. Here’s what’s changing: Deed Theft is Now Grand Larceny; More Time to Fight Back; New Transfer on Death (TOD) Deed. These changes aim to safeguard homeownership and make estate planning more accessible.
New York Set to Amend Law Addressing Retail Employee Workplace Violence Prevention
Big changes are coming for New York retailers! The state has amended its workplace violence prevention law, which was originally set to require panic buttons that directly dial 9-1-1. Now, instead of calling emergency services, these buttons will alert supervisors or security personnel. Employers are still required to establish a workplace violence prevention policy and provide training to covered employees. Some provisions take effect in March 2025—are you ready?
Why Naming a Guardian Is Critical
Have you named a guardian for your children? If not, the courts could make that choice for you—possibly selecting someone you wouldn’t have picked. In the worst case, your children could even face temporary foster care.
2025 New Jersey Employment Law Updates
The new year brings key changes for New Jersey employers! From pay transparency laws to remote worker guidance, and new data protection regulations, staying compliant is more important than ever.
Avoiding Probate with a Joint Account
Did you know you can claim a tax deduction for your home office if it's used exclusively for business? There are two ways to do this—Simplified and Regular—but the regular method may offer bigger savings. Not sure which method is right for you? Learn more about how to calculate and maximize your home office tax deductions.