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Can Borrowing Money from A Relative Get Me a Better Interest Rate?

Mortgage interest rates have been at historic lows the past few years, and this had led to unprecedented numbers of homes being bought and sold at incredibly high prices, especially in states like New Jersey. Borrowers who reach out to relatives can often get even lower interest rates, and there are companies that specialize in …

Should I Get Cyber Security Insurance for my Small Business?

Cyber criminals look for vulnerable targets and unlike big corporations, many small businesses do not have the resources to invest in advanced cyber security measures, putting small business at risk for cyberattacks. If your small business stores or processes any kind of sensitive customer information such as names, addresses, medical records, Social Security numbers, or …

Herold Law Report on Inflation Reduction Act of 2022 Tax Changes

Not the Same as President Biden’s Build Back Better Act Tax Changes Robert S. Schwartz, Esq. Inflation Reduction Act of 2022 Legislative Process On November 19, 2021, the House of Representatives passed the last version of three significant versions of H.R. 5376, President Biden’s Build Back Better Act (“BBB”). We wrote about the versions’ extensive, …

Cybersecurity Litigation and Insurance Coverage

Organizations of all kinds use systems to store the personal and financial information of third parties, and some have become the target of data breaches. From major infrastructures to small companies, the growing number of cyberattacks against all industries shows no signs of slowing down.  There has been a significant increase in governmental investigations into …

How To Decide who will Inherit the Family Home?

Deciding who will inherit the family home can be a difficult task. Besides the inherent value of the property that is involved, family members form emotional attachments to the places that they grew up and spent so much time in. The most common scenario used to be older parents living in houses by themselves and …

What is the Difference Between Homeowners Insurance and Renters Insurance?

One of the most obvious differences between homeowners insurance and renters insurance is the price, but there are a lot of other details to consider as well. In most cases, someone owning a home has a lot more at stake because they own the structure that is being lived in. Renters lease out space from …

How to Remove Someone as Power of Attorney?

A Power of Attorney (POA) is a key part of a solid estate plan. It is important to assign someone you trust as POA to make critical decisions on your behalf if you become incapacitated. While a POA is a legally binding document, it can also be revoked or changed if you desire. Continue reading …

How To Know If Well Water is Contaminated?

Public water systems are continually tested for different pollutants and pathogens. On the contrary, the testing of private well water systems is left up to the people who own them. This means that if you are among the 15 million households in the U.S. that get their water from a private well water system, it …

How Is Social Inflation Affecting Insurance Litigation and Consumers?

At its core, social inflation starts with overall changes in attitudes regarding entitlement to compensation for injury or loss, and the willingness to file insurance claims or pursue litigation against individuals or businesses in order to obtain that compensation. Recent data shows that social inflation has been challenging for insurance carriers, as litigation claims, costs, …

Does ISRA Apply to My New Business Development?

ISRA stands for Industrial Site Recovery Act, a New Jersey law passed in 1993 to supplement and amend the Environmental Cleanup Responsibility Act of 1983. These laws recognize the impact of toxic chemicals and contamination of the land on the state of New Jersey and the health of its citizens. ISRA requires that contaminated industrial …

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