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Estate Planning for Small Business Owners

By Dempsey Dempsey & Sheehan |

Small business owners in the Summit area and elsewhere in New Jersey often spend a significant amount of time and money to create the market value and sweat equity associated with their small business. For many small business owners, the services they provide and the goods they sell are a central part of their… Read More »

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Trust

Putting Your Home in a Trust: What to Consider

By Dempsey Dempsey & Sheehan |

If you have never considered estate planning and asset protection with a lawyer in Summit who handles estate planning and elder law matters, it might sound like a strange idea to you to put your home in a trust. However, there are multiple benefits to placing your house in a trust, and those benefits… Read More »

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Litigation5

What is a subdivision?

By Dempsey Dempsey & Sheehan |

Pursuant to Section 7 of the Municipal Land Use Law, a subdivision is defined as follows: “Subdivision” means the division of a lot, tract or parcel of land into two or more lots, tracts, parcels or other divisions of land for sale or development. The following shall not be considered subdivisions within the meaning… Read More »

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Which Board Hears Which Cases?

By Dempsey Dempsey & Sheehan |

There are three types of boards: Planning Boards, Zoning Boards of Adjustment and Land Use Boards. Planning Boards handle applications involving permitted uses, site plans, and subdivisions. Zoning Boards of Adjustment, also known as Zoning Boards or Boards of Adjustment, hear any application requiring bulk or use variances that do not have a site… Read More »

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EstateAdmin

Estate Planning in New Jersey for Unmarried Couples

By Dempsey Dempsey & Sheehan |

Fewer adults are getting married than they used to, according to the Pew Research Center. While nearly 40 percent of adults are now living without a romantic partner altogether, there has also been an increase in the number of couples who cohabit and share lives without getting married. There are many different reasons that… Read More »

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Question

What is the Difference Between an Easement Appurtenant and Easement in Gross?

By Dempsey Dempsey & Sheehan |

Whether you are buying or selling real property, or you are trying to obtain or grant an easement on real property, it is critical to understand the terminology around easements and land use in New Jersey. Sometimes easements can come as a surprise if you are purchasing property and did not realize that there… Read More »

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BlendedFam

Estate Planning for Blended Families

By Dempsey Dempsey & Sheehan |

Blended families are extremely common in New Jersey. If you are newly in a blended family, or if you became part of a blended family some time ago, it is important to consider key issues for blended families in estate planning. Whether that means revisiting an old estate plan or creating new estate planning… Read More »

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EstPlanning

Reasons to Consider a Spendthrift Provision in a Trust

By Dempsey Dempsey & Sheehan |

Many New Jersey estate plans contain one or more trusts. Trusts are important legal arrangements through which assets can be placed by one party (the “grantor” or the “trustor”) for the benefit of another party (the “beneficiary”). The trust is then managed by a party with the title of “trustee.” A trustee may in… Read More »

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QuestionPersonThinking

Who sits on the Zoning Board?

By Dempsey Dempsey & Sheehan |

Generally, once the municipality adopts a zoning ordinance, it must also create a zoning board of adjustment. The zoning board of adjustment must consist of seven (7) regular members and no more than four (4) alternate members. The members of the zoning board are generally appointed by the mayor or governing body. Each regular… Read More »

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Who Should Consider a Special Needs Trust?

By Dempsey Dempsey & Sheehan |

Have you already created an estate plan in New Jersey and are wondering about the addition of one or more trusts? Or are you just beginning to think about estate planning and want to find out about creating a trust? Under either circumstance, you might have started looking into the types of trusts that… Read More »

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