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When Foreclosure Comes Knocking, Answer It!   The foreclosure crisis is behind us, right? Nope. Foreclosures are not in the news much anymore, but many Hudson Valley homeowners are still facing the loss of their homes through foreclosure.  While the most recent report of the Chief Administrator of New York Courts (2016) shows that the number…

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The Creative Industries in Orange County As seen in the December 2016/January 2017 edition of Business Watch (The Orange County Chamber of Commerce Newsletter). When you mention the arts, people naturally think of paintings, galleries, concerts and theaters. Orange County has these, but there is more. Arts are part of what economists call the Creative Industries which…

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Raising The Legal Age For Purchasing Of Tobacco Products Just before the end of the year, the Orange County Legislature introduced a local law which would raise the age of those permitted to purchase tobacco products within the County.  That law, entitled “Local Law To Raise The Legal Age For Purchase Of Tobacco Products In…

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It’s Happy Hour at the NY State Legislature for Brewers, Distillers, and Cideries   You can’t swing a hand-crafted artisan cocktail or local craft beer around the Hudson Valley without hitting a farm distillery or farm brewery.  And it’s wonderful! The farm distillery, farm brewery, farm cidery, and farm winery industries and their “New York…

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  Kelly Pressler of Jacobowitz and Gubits Elected as Vice President of the Women’s Bar Association of the State of New York (WBASNY) The Women’s Bar Association of the State of New York (WBASNY) announced its incoming officers for 2017 at their 2017 Annual Convention held at Water’s Edge Resort and Spa in Connecticut, May…

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Update on Department of Labor’s Fiduciary Rule The United States Department of Labor (“DOL”) has proposed a new rule that would expand the definition of “investment advice fiduciary” under the Employee Retirement Income Security Act 1974 (ERISA).  This legislation, which was scheduled to be phased in April 10, 2017, will automatically elevate all financial professionals…

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Exiting Unfavorable Contracts We work with someone that designs, manufactures and distributes certain goods internationally. Under prior management, they entered into an unfavorable contract granting to a particular company exclusive distribution rights in a very lucrative foreign territory. There was no minimum sales requirement. The contract also stated that it could be terminated only upon the…

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When the One Percenters Join the One Percent A recent news article discussed a real estate contract battle between a famous musician and former CEO of a large toy store chain. The parties entered a contract for the purchase of an estate property for $6.7 million dollars. Based on the individuals involved and the purchase…

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New York Paid Family Leave…Finally! Until recently, individuals in the workforce in the State of New York had to choose between caring for family members – such as new babies and elderly parents – and not getting paid.  But not anymore.  In April 2016, Governor Cuomo signed into law a bill that makes New York…

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Commonly Asked Questions When Buying or Selling Your Home   Q – When Should I Get a Real Estate Attorney Involved in the Transaction? A –  Whether buying or selling a home, you should get your attorney involved as soon as possible. You should explain to your attorney what you plan to do and ask how you…

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