Rabbi Trusts for Contingency Attorneys: A Modern Tool for Wealth & Tax Planning
Rabbi Trusts for Contingency Attorneys: A Modern Tool for Wealth & Tax Planning By Barry E. Janay, Esq. Understanding Rabbi Trusts A Rabbi Trust is an irrevocable trust arrangement that enables attorneys—especially those working on contingency fees—to defer receipt of fees, allowing for tax-deferred growth and custom-tailored income distributions. Originally adopted for executives, these trusts […]
What is a Rabbi Trust, how can personal injury or other contingency type attorneys benefit from them as a wealth management / tax planning tool?
What is a Rabbi Trust, how can personal injury or other contingency type attorneys benefit from them as a wealth management / tax planning tool? A Rabbi Trust is an irrevocable, employer-established trust used to fund non-qualified deferred compensation arrangements, with assets set aside for designated beneficiaries (often highly compensated employees or, in legal practice, attorneys) but […]
Revocable Living Trusts vs. Basic Wills: Advantages, Disadvantages, and Cost-Benefit Analysis
Revocable Living Trusts vs. Basic Wills: Advantages, Disadvantages, and Cost-Benefit Analysis Revocable Living Trusts vs. Basic Wills: Advantages, Disadvantages, and Cost-Benefit Analysis By Barry Janay & Rachel WalkerThe Law Office of Barry E. Janay, P.C. Estate planning is about more than just preparing documents—it’s about peace of mind for you and your family. Two of […]
Who Controls a Parent’s Remains in New York After Divorce? Legal Rights of Adult Children
Who Controls a Parent’s Remains in New York After Divorce? Legal Rights of Adult Children By Barry Janay, Esq. The Law Office of Barry E. Janay, P.C. When a loved one passes away, questions about who has the legal right to control their remains can become complicated—especially when families are blended or parents are divorced. […]
What to Do in New York When a Loved One Passes With a Small Estate
What to Do in New York When a Loved One Passes With a Small Estate Losing a loved one is difficult, and the legal steps that follow can feel overwhelming—especially when the estate is small and you simply need to claim assets like a pension benefit or a tax refund. Fortunately, New York law offers […]
New Jersey Law on Payment of Commissions After Termination: What Employers and Employees Need to Know
New Jersey Law on Payment of Commissions After Termination: What Employers and Employees Need to Know By Andrew Zeitz, Esq. New Jersey law provides robust protections for employees who earn commissions, ensuring that employers cannot withhold these earnings—regardless of whether an employee is terminated for cause, not for cause, or resigns voluntarily. Recent court decisions […]
NYC Local Law 88: What Building Owners and Developers Need to Know
NYC Local Law 88: What Building Owners and Developers Need to Know By Barry E. Janay, Esq. The Law Office of Barry E. Janay, P.C. Introduction New York City’s Local Law 88 (LL88) is a transformative regulation targeting energy efficiency in large buildings, with significant implications for building owners and developers123. As part of the city’s […]
5 Major Benefits of Hiring a Fractional Chief Legal Officer (FCLO) for Your Business
In today’s competitive business landscape, small to mid-sized businesses, startups, and growing firms face increasing legal complexity. From compliance and contracts to risk management and intellectual property, the need for expert legal advice is greater than ever. But hiring a full-time Chief Legal Officer (CLO) can be expensive and unnecessary for many organizations. That’s where […]
The legal implications with respect to intestate succession laws in New York and New Jersey
The legal implications with respect to intestate succession laws in New York and New Jersey By Barry Janay Consanguinity and Intestate Succession: A Legal Guide for NY/NJ When someone dies without a will, state intestacy laws determine asset distribution based on familial relationships. Below, we analyze New York and New Jersey’s frameworks, incorporating statutory codes […]
Understanding Your Rights After a Default Judgment and Inquest in New York
Understanding Your Rights After a Default Judgment and Inquest in New York By Barry E. Janay, Esq. If you’ve found yourself facing a default judgment in a New York civil matter, you may be wondering about your legal rights and next steps. At The Law Office of Barry E. Janay, P.C., we regularly help clients […]