So long story short we committed to buy some inventory of Refurb TV's a while ago for export. I intended to complete the transaction but in the country where the merchandise was gonna end up customs tax costs were increased by the local governmen...
I concur with my colleagues that an attorney must review the documents to give you an accurate analysis. However, the money lost ($13,500) may exceed the cost of litigation as I doubt someone will do this on a contingency fee basis.
My advice is that in the future you seek legal advice prior to signing a contract. If the seller or seller's attorney drafted the contract, it was no doubt drafted in the seller's favor even if there is no penalty on default clause.See question
My brother is deceased and lived in Ohio. I live in NJ. I was named the executor of his will. I am trying to open an account for his estate - which is not much, just to pay off some remaining bills. They are saying I can not open the account w...
In most cases, the Will can be sent to the Surrogate of the county in which your brother died, and the Surrogate will send you the papers and fee you need to provide to get appointed his executor. Yes, banks will NOT open an estate account without letters testamentary.
Alternative, you, as the named executor and the Surrogate, can sign certifications that probate has not been commenced in OH, and you can seek probate in Newark/Essex County.See question
I recently sold my yoga studio to one of my teachers. I gave her a great price, negotiated from 10K to 8K, and after some concessions on my part, she ended up paying 7550.00. She was concerned about some groupon customers so I credited her the...
From the facts presented, it does not appear she and her partner can make a claim, but if the buyer(s) file a suit, it could cost you more money and aggravation to defend than to reach a settlement.See question
Can you sue a dissolved LLC in NJ
If it is a single member LLC, you can sue the sole member/manager even if all assets have been distributed IF you were defrauded. If it was owned by two or more individuals/members, even with assets, the purpose of a LLC, like a corporation, is to protect the assets of the owners/members. Only if there was fraud or assets are held to cover winding-up expenses can you possibly get a monetary judgment.
You should speak with a business attorney.See question
Is that legal since it is a student bank account? When it was started she was 17. Now she is 18. The money in that account was her money. My husbands name is only on it because she was only 17 when it was open.
A minor cannot own assets, but a legal guardian can hold assets in a Uniform Trust to Minors Act or Uniform Gift to Minors Act account. If it was opened as a fund for your daughter's college education, it can be viewed as a "Totten" trust for her benefit even though it it is not labeled as a custodial account, however, you will pay more than $700 to fight to have the lien/levy removed and prove I your daughter is the beneficial owner.
Your daughter has the ability to sue (again a cost that will have to be paid, even if someone is willing to do it on a contingency fee basis, if and when your husband or former spouse gets money to repay the $700, until she is 21.See question
My uncle is torturing me about making his son trustee of his trust so he can drain the account. This is not what my grandparents wanted, and is why I was put in charge of the estate. I've spent years investing this money to make sure the assets ar...
Unless the trust allows a beneficiary to remove a trustee, the only way you can be removed is by your uncle and nephew petitioning the probate court where your grandparents died, and showing you are breaching your fiduciary duty. They bear a very heavy burden, especially if you have been making distributions as intended and investing prudently.
As my colleagues have indicated, you should consult a trusts and estates attorney. I am the immediate past chair for trusts and estates of the NJSBA. There are other finne practitioners in NJ and members of Avvo.
Unless served with papers to have you account and be removed, I would ignore your uncle and cousin.See question
It's possible or even likely stepfather would cut me out of his will. It was his agreement with my mother that whichever one died first would leave half their estate to the other, and half their estate to the other's child. My mom kept her end of ...
As Gary has indicated, as well as my other colleagues, one can make a contract (oral or written) to make a Will that states effectively wee will leave one-half of our estates to each others child from a prior marriage. The question is whether you can prove what you state. It is possible to disinherit or leave a child (natural born, adopted or step) out of a Will by specifically so stating.
If your stepfather's will merely states I leave everything to my son x, his son from the prior marriage, you have a claim to 50% as a "predemited" heir.
As Gary states it is good to stay close to your stepfather and to also consult an attorney for a free consultation.
I have a New Jersey drivers license. If my driving privilege is revoked in New York will it also be revoked in New Jersey?
If it was revoked for having too many points, it may take awhile, but NY will tell NJ and NJ will then revoke or suspend your NJ license.
When you renew your NJ license, there will be a question on the renewal application form as to whether or not your license has been revoked in another state.To answer incorrectly and be caught is a minor crime, but nonetheless a rime.See question
My dad get social security once a month and it getting scammed by online romance and fraud loan companies but dad won't stop.. Is there anyway to get control over his money to be able to pay his bills and give him like gift cards to buy food and g...
If you are unable to start a guardianship to take control of his assets and credit cards, you might call the Office of the Public Guardian or Office of Adult Protective Services to investigative the companies/people taking advantage of him.
Good luck!See question
I'm a doctor and I'm selling a used laser I own. I placed the"for sale ad" online and someone is interested in purchasing it and will be paying with a cashiers check. 2 questions: 1) Do I need an official purchase agreement for this transaction,...
I agree with Mr. Gray. As to your tax question, if the basis in the copier is less than what you will sell it for, you will have a capital gain and possibly depreciation recapture to report for income tax purposes. Speak to your accountant.
Lastly, if you leased to purchase, you own it, but if you only leased it, you have to review (preferably with an attorney), the lease agreement to see if you may sell or you have to return it to the company.See question