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What is the Exit Tax?

By- wpadmin | Sep 3, 2021 | No Comments

We all know someone who has sold their home in New Jersey to move to another state and complained about the dreaded New Jersey “Exit Tax.” But is the Exit Tax as dreadful as it sounds?

It is the pre-payment of income tax on the proceeds from the sale of your home. Whether you are a resident or non-resident, all home owners in New Jersey pay income taxes on their home sal [....]

The Homestead Rebate and Your Home Sale

By- wpadmin | Jul 13, 2021 | No Comments

The Homestead Rebate is a reduction in an eligible homeowner’s New Jersey property tax bill. There are a particular set of requirements to qualify. See NJ Division of Taxation – Homestead Benefit Program – Eligibility Requirements (state.nj.us).

It [....]

You Need Your Own Attorney When Negotiating a Pre-Nuptial Agreement

By- gagliardilawllc | Jun 30, 2021 | No Comments

Unfortunately, a pre-nuptial agreement is generally an adversarial document that is negotiated between the parties. It is required to be executed before the marriage. So each party will want what is in their best interest at the time of execution.

It might feel counter-intuitive that two people who are presumably in love would want [....]

Top Five Characteristics to Look For When Selecting a Real Estate Attorney For the Sale of Your House

By- gagliardilawllc | Jun 15, 2021 | No Comments

So you’re selling your house. You need an attorney who understands real estate. Here are five characteristics to consider when looking for the best real estate attorney for you.

1. Real Estate Experience. Experienced real estate attorneys know the pitfalls that can occur with real estate transactions. Although many attorneys will acquire some real estate [....]

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