Category Archives: Law Office of Nancy L Holm

Legal Advice Is Important When Buying or Selling a Home

Real estate attorneys recommended in New Jersey

It has been said that other than getting married and having children, buying a home is the most important decision of your life.

Different areas of New Jersey have different customs as far as real estate transactions are concerned. Generally speaking, in most of Central and Northern New Jersey, buyers and sellers of real estate take advantage of the three-day “attorney review” period, which begins once the contract is signed. All Real Estate contracts in New Jersey, if written by a non-lawyer (real estate agent, seller, etc.) are required to have the “attorney review” language included in the contract.

It is best to secure an attorney before you begin looking for a home, so that your realtor knows where to send the contract once it’s signed, and the “attorney review” period can be started and concluded quickly. During the attorney review period, the attorney will be able to amend the contract to remove overly-harsh terms that are usually present in form contracts, as well as being able to tailor the contract to the particular needs of the buyer or seller, such as: contingencies for mortgages, inspections, or the sale or purchase of another home, underground oil tanks, and other issues that can range from lender requirements to short sales.

In addition to my legal expertise, I have created an exceptional team of professionals, including a surveyor, a title company, and inspectors, whom I work with frequently. I have the utmost confidence in their professionalism and abilities in protecting your interests in purchasing a home.

I will be intimately involved with your file, and know all of the details. I handle everything myself.  I do not hand you off to a paralegal and only show up to closing. I will represent your interests to ensure that you are protected and confident throughout the entire process.

Having both purchased and sold homes, I know what it is like to be the buyer and seller. As your attorney, I will work diligently to provide you with the best guidance and legal advice as you navigate this most important decision.

If you are thinking of purchasing or selling a home, please telephone me at (732) 444-6406 or write me an email and tell me you’d like to meet about real estate sale.

I pride myself on making legal transactions as quick and painless as possible. I have flexible hours and can meet with you after work, if that is more convenient for your schedule.

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The Law Office of Nancy L. Holm, LLC, a New Jersey Limited Liability Company, is a full-service, general practice law firm located in Monmouth County, N.J., and serving clients in New Jersey and Pennsylvania. You can trust our integrity and commitment to your best interests when you have a legal problem. We offer a free consultation and reasonable rates, so that legal representation is available to everyone.

Serving Pennsylvania and New Jersey, especially Monmouth County, New Jersey: Freehold, Holmdel, Colt’s Neck, Manalapan, Upper Freehold, Marlboro, Middletown, Keyport, Keansburg, Wall Township, Manasquan, Neptune, Asbury Park, Red Bank, Ocean Township, Shrewsbury, Long Branch, Rumson, Highlands, Howell, Little Silver, Fair Haven, Manasquan, Brielle, Cream Ridge, Hazlet, and Millstone.

 

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Filed under Law Office of Nancy L Holm, New Jersey Attorney, Real Estate Attorney

Help Your Parents and Grandparents Update Their Estate Planning Documents

Help Parents with Estate Planning

May and June are months filled with family get-togethers of all kinds: weddings, graduations, picnics, barbecues, and family reunions. These get-togethers often remind us about how important our family members are to us. While a family party is probably not the best place to talk with your parents and grandparents about their estate plans, follow up with those older loved ones at a later time about getting their affairs in order.

Talking about these can be uncomfortable, but express to family members that it is vital that they take time now to help minimize difficulties later. It also does not need to be a large, detail-filled conversation either – just inquire whether they have made a will or whether they have thought about making a will or other estate plans. Print out this article and let them read it.

Here are a few simple things to help anyone decide whether they need to complete or update their estate plans:

  • It doesn’t take long to review life insurance policies to make sure that contact information is correct for the policy holder while also ensuring that beneficiaries are up to date.
  • If your loved ones already have wills, be sure that they review them. They will need to be updated if a spouse, child or sibling has died. They may also need to be updated if the Older Americans have downsized to new residences, closed or sold businesses, or bought or sold vacation homes, boats, or recreational vehicles.
  • Remember that property includes not only real property (land, house, condominium, business storefront, etc.), but also personal property such as jewelry, art, sports memorabilia, even pets.
  • It is also a good time to address living wills, which are a legal document by which a person makes known his or her wishes regarding life-sustaining or life-prolonging medical procedures, such as resuscitation. This is especially important if a loved one is diagnosed with Alzheimer’s, dementia, or a life-threatening disease that can impair their cognitive abilities in the future.
  • Establishing power of attorney, a legal document by which Person A gives Person B the power to make decisions about their legal and/or financial affairs upon Person A’s incapacitation, is also very important. If one of your parents or grandparents has power of attorney for the other and he or she has died or been diagnosed with a disease like Alzheimer’s, then the document needs to be updated.

These are some simple things that you can do each spring to make sure that your family is protected. Everyone, no matter their net worth, should have estate planning in place. You owe it to yourself and your loved ones.

If your parents, grandparents or you need help reviewing or establishing any of the documents above, please telephone me at (732) 444-6406 or write me an email and tell me you’d like to meet about doing estate planning. I will send you my free Estate Planning Workbook, which is a tool to help you think about all of the different concerns there are with estate planning.

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The Law Office of Nancy L. Holm, LLC, a New Jersey Limited Liability Company, is a full-service, general practice law firm located in Monmouth County, N.J., and serving clients in New Jersey and Pennsylvania. You can trust our integrity and commitment to your best interests when you have a legal problem. We offer a free consultation and reasonable rates, so that legal representation is available to everyone.

 

 

 

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Filed under Estate Administration and Litigation, Estate Planning, General Practice Law Firm, Law Office of Nancy L Holm, Living Wills, Power of Attorney, Special Needs Children / Adults, Trusts, Uncategorized, Wills

Thank You, Veterans and Military – Discount on All Legal Services

Military DiscountI admit it. Every time a soldier’s homecoming is shown on the evening news, I cry. My tears are a combination of relief, joy, gratitude, and pride.

G.K. Chesterton said, “Courage is almost a contradiction in terms. It means a strong desire to live taking the form of readiness to die.” Men and women who choose to serve their countries have accepted the ultimate reality: every day when they go to work, they know that they might not come home. Ever.

Military personnel sacrifice so much so that they can serve their countries. They may suffer physical injury or emotional trauma. Time apart can cause relationships to suffer, and sometimes, crumble.

And then there are the everyday sacrifices that active duty military (and their families and friends) make: they aren’t home to see their baby’s first steps, dance at their parents’ 25th anniversary, or give the toast at their childhood friend’s wedding.

Yet, these brave men and women shoulder their rifles (both literally and figuratively) and fight for what they believe in – freedom.

 Please say thank you to our veterans. Any time you see a soldier in uniform or a veteran, tell them you are grateful for their service and sacrifice. I do.

 As an additional way of showing my appreciation, I offer veterans and active duty military discounts on all of my legal services. The savings vary based on the type of case, so for more details, please contact me at (732) 444-6406 or through my Contact page.

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Filed under Discounts and Savings, General Practice Law Firm, Law Office of Nancy L Holm

Superstorm Sandy and New Jersey Property Tax Appeals

This time every year is Property Tax Appeal season. My office gears up in January to help New Jersey residents obtain some level of relief from these oppressive property tax bills, and this year is no different.

What is different this year is the fact that so many properties, whether primary residences or vacation homes, were damaged or even washed away by Superstorm Sandy.

One question I’ve received several times this year is what to do, property tax-wise when properties were affected by Superstorm Sandy? It just so happens that in New Jersey, there’s a statute for that:

54:4-35.1 – Material depreciation of structure between October 2 and January 1; determination of value.

“When any parcel of real property contains any building or other structure which has been destroyed, consumed by fire, demolished, or altered in such a way that its value has materially depreciated, either intentionally or by the action of storm, fire, cyclone, tornado, or earthquake, or other casualty, which depreciation of value occurred after October first in any year and before January first of the following year, the assessor shall, upon notice thereof being given to him by the property owner prior to January tenth of said year, and after examination and inquiry, determine the value of such parcel of real property as of said January first, and assess the same according to such value.”  L.1945, c. 260, p. 789, s. 1.

Ordinarily, a property tax appeal deals with the value of the property as of October 1 of the prior year. For example, all appeals filed this year will argue over what the value of the property was as of October 1, 2012. Well, we all know that Sandy didn’t hit until October 29, 2012. The good news (if you can call it that) is that due to widespread devastation, municipalities have taken it upon themselves to perform a post-storm “reassessment” of the distressed properties. If you live in an area that was hard hit by Hurricane Sandy, you should have received an updated assessment postcard from your municipality. Many towns, such as Toms River, have received an extension, and their postcards will be mailed on or around April 15, 2013.

The bad news is that every municipality is handling it differently and some are more organized and willing to give information than others. IT IS IMPORTANT THAT YOU CONTACT YOUR TAX ASSESSOR/TAX COLLECTOR AND FIND OUT WHAT IS GOING ON WITH REASSESSMENTS IN YOUR PARTICULAR TOWN.

If you receive your reassessment card, and you are not happy with the reassessment you are given, contact our office immediately to file an appeal. Some municipalities are giving an extension on the appeal filing date, but if nothing is said, assume that the deadline to file an appeal is April 1, like a normal year.

We are offering a discounted rate for homeowners whose property was adversely affected by Sandy, so please don’t hesitate to call (732) 444-6406 or email HolmlawNJ@gmail.com.

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Superstorm Sandy Continues to Impact New Jersey

Like many New Jersey residents, Superstorm Sandy left a hole in my heart. While I am not a native New Jerseyan, I have lived in the great Garden State for over 14 years, and it is my home. I love the Jersey Shore and spend my summers going to the beach in Manasquan. Sandy spared my family and most of my friends from devastation, but I still feel a tremendous sense of loss.My colleague Sandra was also lucky that her house and loved ones were mostly spared from Sandy’s wrath; however, her hometown of Union Beach, N.J., was not so lucky. Her childhood home had to be demolished, and many childhood friends and their family members are still struggling to figure out what to do next. Sandra has spent just about every weekend since the storm volunteering her time and legal services to the people of Union Beach, and I know she’s made a huge impact there.

Sandra and I want those of you who were affected by Sandy to know that we are here to help. We are offering discounted rates for Hurricane Sandy victims for Sandy-related legal services, as well as providing information and contacts for legal groups and firms in the area handling specific issues stemming from the storm. When we know of new information, we are posting it online via Twitter and Facebook so that you stay informed. Check back often for more detailed information posted on our blog and website.  — Nancy L. Holm

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Filed under General Practice Law Firm, Law Office of Nancy L Holm, Property Tax Appeals