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The transfer of property, cars, or money to any individual without receiving an equal value or more in return is considered a gift. While New Jersey does not have a gift tax, per se, the IRS does impose one, under most circumstances. The gift tax may apply when making...

 Whether you are buying or selling your home, it can be tempting to try to go it alone, legally speaking. Especially if you’ve been through the process before, you think you know what to look out for. Why, then, consider getting the help of a real estate...

Buying a home is stressful and overwhelming, especially for a first-time homebuyer. For almost all buyers, purchasing a home will be the single largest financial transaction in your life. More often than not, this important decision is being made based on only having...

Financial difficulties can leave you feeling stressed and anxious. While bankruptcy provides relief from crippling debt, the social stigma surrounding it may cause you to hesitate when considering it. Complex emotions surround bankruptcy, and just thinking about it...

Life is unpredictable and can change in an instant – for better or worse. Life’s unexpected challenges may lead to unforeseen expenses, and paying housing costs during these moments can seem nearly impossible. When the bills pile up and you don’t...

Constant phone calls and letters from creditors and debt collectors are a major stressor — not to mention lawsuits filed against you. If you’re drowning in debt, chances are you already know you’re struggling and are desperately searching for a way out. The incessant...

It can feel like there’s no escape from economic difficulties, especially when you’re in the midst of them. You may know that bankruptcy can offer relief from severe financial struggles, but determining the correct type of bankruptcy to file is...

It's altogether possible that Bankruptcy can be effectively used to eliminate or reduce your credit card, medical bills or other debt (known as "unsecured debt"), depending upon your complete financial situation and the type of Bankruptcy you can file, while still...

While every situation is different, a Chapter 13 Bankruptcy is usually quite effective for situations where you've fallen behind on your mortgage or other debt payments due to a temporary setback, such as loss of employment or illness, which has since been resolved....

Thinking about using a debt consolidation service or dealing directly with your creditors to reduce or settle your debt?You may want to think again.If you work out a deal to reduce or settle your debts, you may fall victim to a little known IRS provision known as...