5 Benefits of Having a Living Will

No one likes to think about the possibility that one day they may be too incapacitated to express their wishes. Hopefully it won’t happen, but life is unpredictable and a living will gives you the opportunity to state your wishes regarding health care and life-prolonging medical treatments. Without this type of arrangement in place, medical staff may provide you with treatment you don’t want and prolong your life for Read More

Understanding the Difference Between Employees and Contractors

In 2017, the New York State Unemployment Board found that Uber drivers were misclassified as independent contractors when they were actually employees and declared that they were entitled to unemployment benefits dating back to January 2014. Uber appealed the decision, but last July, a New York appeals board ruled in favor of the board’s findings. These recent decisions draw attention to a question that continues Read More

5 Elements Your Employee Handbook Should Contain

A detailed employee handbook is a must-have for any company. It provides your team with answers about company policies and benefits, lets them know your expectations, and can help prevent problems by ensuring that everyone is treated in a fair and consistent manner. To convey this information, there are five elements that should be included in your employee handbook. Code of Conduct This section Read More

Understanding Your Rights When You Discover a Construction Defect

When you purchase a property or have one built for you, there’s always the risk that a construction defect will eventually come to light. Your attorney may recommend that you negotiate an inspection provision into the contract and have the builder repair any observable defects before closing. While this can help, not all defects are immediately detectable. Common examples include: Leaky roofs, doors, or Read More

5 Things You Can Do to Minimize Your Estate Tax

Estate taxes are imposed on your estate before its contents are distributed to your beneficiaries. For the tax year 2018, you can leave $5.6 million to your loved ones before you have to pay federal estate or gift tax. If you live in New York state and have an estate worth $5.25 million or more, a state-level tax of 3.06% to 16% will apply. These taxes can diminish the value of your estate and leave your Read More

Real Estate Law: How a Sale-Leaseback Works

A sale-leaseback is a real estate transaction where a business that owns and occupies a property sells it to another party and then leases it back. The seller can convert a non-paying asset into cash while still retaining the right to use it, an arrangement that allows the business to scale back its investment in assets that are not part of the core business, such as real estate and buildings. Other advantages are Read More

5 Things You Can Do to Maximize the Value of Your Property Before You Sell

If you’re a business owner with the long-term goal of eventually selling the company, you’ll want to maximize its value. Buyers who are looking to acquire a business want an investment that accomplishes two goals: Maximizes their return by showing a likelihood of future growth Minimizes the risk of ownership By improving the value drivers that make these achievements possible, you’ll set the stage for Read More

5 Benefits of Choosing Alternative Dispute Resolution to Resolve Legal Issues

Business relationships are prone to a variety of disputes across an equally broad range of parties. For example: A franchisor may disagree with a franchisee over how a business is run. Business owners may be unhappy with the quality of a recent shipment from the supplier and not want to pay until the matter is resolved. Business partners may strongly disagree about the future of the company Customers Read More

Estate Planning: The Healthcare Proxy

Healthcare proxy laws in New York and Florida allow you to designate someone you trust, such as a close friend or member of your family, to make healthcare decisions for you if you become incapacitated and cannot make those decisions for yourself. Situations that may require a proxy include: Being in a coma due to illness or trauma A persistent vegetative state Suffering from a form of dementia such as Read More

4 Common Scope of Work Issues

The scope of work, which is also known as a performance duties provision, is intended to provide everyone involved in a construction project with a description of the work being done, how it must be performed, and what materials are involved. This description typically includes: Project requirements, including regulations, standards, and special conditions Contract objectives, such as quality of work The Read More