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MCCC Blog

Click Here to submit an article for our blog. 
Note: The views and opinions expressed here are those of the authors and do not necessarily reflect the position of the Morris County Chamber of Commerce.

Graying Marriage and Divorce – Part 6: Divorce after 60

10/21/2021

 
By Deirdre R. Wheatley-Liss, LL.M, CELA, Porzio Bromberg & Newman P.C.
​

There are times that married people are on a journey together, and then they find they no longer wish to be on the journey together, ultimately choosing to divorce. Consider the Long-Term Care Implications of Divorce When a person is living alone, in the event they become either physically or mentally ill, they are faced with the question of how they are going to get the care they need. Without a spouse or domestic partner, there’s no one “built in” to help care for them. I advise my clients – especially those considering divorce in later years – to consider this carefully and to look at how this will affect their financial security. 

Read More

Life Transitions: Finding Your "What's Next"

10/7/2021

 
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By Margaret Nelson, Member, Impact 100 Garden State

I’m always reading about people who left soulless corporate jobs with fancy titles to open a bakery or run a triathlon or become a watercolor artist or whatever. They tell mostly the same story: Do what you’re passionate about and the money will follow. The truth is, leaving an established career to pursue a passion is hard for many reasons and most people never do it. Not long ago, I found myself at a crossroads in my professional life.​

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Have We Gone Back to the 90’s with a War for Talent?  Strategies to Combat the Great Resignation

10/7/2021

 
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By Laura Crothers, President, Crothers Consulting
Recent conversations are taking me right back to the 90’s war for talent.  Here are just a few of the comments I’ve heard from leaders I’ve been speaking to the last few weeks: “My son just graduated with a BS. He was made an offer and before he even started the company increased his base by 30% (had not yet worked one day on first job)!” “My friend (a five-year CPA) was asked how much do you make? Then they offered double – hard to say no to that much money.” 

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Graying Marriage and Divorce – Part 5: Estate Planning

10/7/2021

 
By Deirdre R. Wheatley-Liss, LL.M (Taxation), CELA, Porzio Bromberg & Newman P.C.

For many couples who marry later in life, it makes sense to very carefully separate the assets each had before the marriage (each keeping those as their own) while also providing a way for them to share some assets going forward. With this type of approach, each spouse waves the elective share (see “Graying Marriage and Divorce – Part 2: Creating a Prenuptial Agreement” for a discussion of the concept of “elective share”) in an arrangement I sometimes call: Yours is yours. Mine is mine. Ours is ours.​


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Graying Marriage and Divorce – Part 4: Divorcing to Protect from Medical Expenses

10/7/2021

 
By Deirdre R. Wheatley-Liss, LL.M, CELA, Porzio Bromberg & Newman P.C.

​
Medicaid is governed by federal law. Marriage and divorce are governed by state law. When a married individual seeks to qualify for Medicaid in New Jersey, the couple’s house is an exempt asset. The person looking to qualify for Medicaid cannot have more than $2,000 of assets. The spouse cannot have more than approximately $125,000 in assets. In New Jersey, retirement plans are not excluded from that calculation. You can be forced to spend down your entire retirement security to get down to that magic $125,000 number. I am often asked if one can get around these limitations by transferring assets – between spouses or to children or others. Under Medicaid rules, you can’t qualify for Medicaid if you have given away any money within five years of applying for it.​

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Graying Marriage and Divorce – Part 3: Your Duty to Provide Care

10/7/2021

 
By Deirdre R. Wheatley-Liss, LL.M, CELA, Porzio Bromberg & Newman P.C.

In a previous post in this series, I said an individual, legally, cannot leave their spouse disinherited (except with the spouse’s uncoerced consent). In addition, a spouse has a duty to provide care and to pay for that care. If you are married to someone and that person becomes ill – and even if you have the world’s most robust and thorough prenuptial agreement, and you have kept your premarital assets separate from your marital assets – in New Jersey, you have an obligation to support your spouse. This obligation includes paying for any health care or long-term care that they may need.​


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Cannabis Businesses and New Jersey Real Estate: The Landlord's Perspective - Part Three

10/7/2021

 
By Carmen Andrade, Principal, Porzio Bromberg & Newman P.C.

​
With the Cannabis industry booming, commercial real estate owners and landlords are challenged with keeping up with best practices, laws, and regulations related to leasing space to cannabis businesses. The article below is the third article of our three-part series intended to help landlords navigate this evolving landscape. As with any business interest, the Porzio team strongly encourages seeking the advice of counsel prior to making any representations or entering into any agreements. ​

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Cannabis Businesses and New Jersey Real Estate: The Landlord's Perspective - Part Two

10/7/2021

 
By Carmen Andrade, Principal, Porzio Bromberg & Newman P.C.

With the Cannabis industry booming, commercial real estate owners and landlords are challenged with keeping up with best practices, laws, and regulations related to leasing space to cannabis businesses. The article below is the second article of our three-part series intended to help landlords navigate this evolving landscape. As with any business interest, the Porzio team strongly encourages seeking the advice of counsel prior to making any representations or entering into any agreements. ​


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Cannabis Businesses and New Jersey Real Estate: The Landlord's Perspective - Part One

10/7/2021

 
By Carmen Andrade, Principal, Porzio Bromberg & Newman P.C.

​With the Cannabis industry booming, commercial real estate owners and landlords are challenged with keeping up with best practices, laws, and regulations related to leasing space to cannabis businesses. The article below is the first in a series of three articles intended to help landlords navigate this evolving landscape. As with any business interest, the Porzio team strongly encourages seeking the advice of counsel prior to making any representations or entering into any agreements.

Read More

Getting to Root Cause of a Very Big Problem.

9/16/2021

 
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By John Allen Mollenhauer "JAM", Performance Lifestyle Coach
​Are you currently spending (potentially wasting) time, energy, and money, on endless personal development books that you can barely get through?
 
Are you going from one program to the next (diet, exercise, etc.) that you start but don't follow?
 
Are you wondering what in the heck will work, long term or at all, to help you look, feel, and perform better? 
 
I can completely relate to those questions; I used to ask them all the time. 

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You Have to Learn to Fail to Win

9/16/2021

 
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By Cal Thomas, President, Sandler Training
Do you have to learn to fail to win? This intriguing idea shows up at Number One on the classic list of selling rules developed by David Sandler more than half a century ago. Yet even today, it still throws a lot of people.  This leadoff Sandler rule, the rule that makes all the other rules possible, can come across as a deeply strange concept if you are encountering it for the first time. Initially, this rule doesn’t even sound like it’s about selling! Isn’t selling supposed to be about winning? And isn’t winning the opposite of failing?  Actually, no. Winning is the result of failing. 

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An Engineer’s Insight on the Condo Collapse in Surfside, Florida

9/16/2021

 
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By Joe DiPompeo, PE – President, Structural Workshop
While it is too early to draw conclusions as to what happened, a very qualified team from the National Institute of Standards and Technology (NIST) has been working tirelessly on investigating, just like a different team did after 9/11. The public and the media wants immediate answers. This is understandable, as they want to make sure it is not going to happen to other high rise condo buildings.

​There are some important things to know now...

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The Question That Will Catapult Your Success

8/19/2021

 
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By John Allen Mollenhauer "JAM", Performance Lifestyle Coach
What Are You Living For?  In other words, what are you up to in this life, and are you clear on how you need to live to achieve that?  That question reflects what matters to you, what you value, and where you’re going. Answer the question, what you are you living for? and you will almost immediately be able to determine, why your life and style of living it is the way it is, the level you are playing at and so much more.

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All Prospects Lie All the Time

8/19/2021

 
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By Cal Thomas, Sandler Training
​
One of the classic selling rules David Sandler developed and shared with salespeople sounds a little harsh…but it’s true. Sandler warned us that “All prospects lie all the time.”  Maybe that sounds combative, but if we were to tweak the rule just a little bit, we could see past that and understand what Sandler was getting at. Suppose we were to say “All prospects are protecting themselves all the time.” Would that be clearer? Sure it would. Well, if we step back, we’ll realize that the two formulations are saying exactly the same thing.

Read More

Graying Marriage and Divorce – Part 1: Marriage After 60, Prenuptial and Mid-Marital Agreements

8/10/2021

 
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The decision of whether to marry is a deeply personal one no matter your age. But, because most people over the age of 60 have accumulated wealth and are looking to preserve it – to pay for long-term care and/or pass it on to their heirs – it is especially important to consider the pros and cons of marriage. In this multi-part blog series, we share thoughts and tips for you to think about if you are considering marriage later in life.

Read More

August 06th, 2021

8/6/2021

 
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For most of us, Social Security retirement benefits will be a significant source of income in our later years. But the amount you receive in benefits can vary, depending on when you begin collecting them. ​

Read More

Now Hiring? 3 Ways to Attract and Maintain High-Performance Employees!

7/15/2021

 
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MINI-GUIDE. Whether you are a business owner, executive/human resources professional, or other, give yourself 10 minutes to sit back and read this. It will make your company a magnet for employees, including you, who want to thrive. Then act on it. 

by John Allen Mollenhauer “JAM”, Performance Lifestyle Coach
The employees coming back to the worksite post-Pandemic are not the same ones who left in March of 2020. Like most of us, our priorities changed because of the Pandemic. Before the Pandemic, most of us we worked from 7:00 am to 7:00 pm, daily, with travel added on to and from location-based businesses. This left us with little time for self-care, our families, and other life interests, at least during the work week. During the Pandemic, while working from home, and not having to travel to work, we began to have time for such “luxuries,” which are downright essential to wellbeing. We realized that we could have it all so to speak -- get our work done and see our families!

Read More

Never Help the Prospect End The Interview

7/15/2021

 
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by Cal Thomas, Sandler Training
We have all been in situations where we are on a sales call, and we get the sense that the other person has checked out of the discussion for some reason. Maybe there is an uncomfortably long silence on the phone. Maybe we can see the other person looking disengaged, making faces, getting distracted, or checking their phone.

The question is, what do we do then?

Read More

Medicaid Benefits for Individuals with Disabilities in New Jersey Who Are Employed

7/15/2021

 
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By Crystal West Edwards, Esq., CELA, Porzio Bromberg & Newman, P.C.
There is a common misconception about people with disabilities – namely, that they can’t work because doing so would disqualify them from the government benefits they need for health care. While the regulations governing eligibility for government benefits vary widely among states, in New Jersey, individuals with intellectual and developmental disabilities can work and still remain eligible for benefits. In fact, the New Jersey WorkAbility Program is specifically designed so that people with disabilities in New Jersey can work and still get the health care benefits they need. 
​

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Real Estate Lessons Learned from Covid-19: A Review of Recent Precedent on Lease Clauses

7/15/2021

 
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By Jonathan B. King, Porzio Bromberg & Newman, P.C.
As every commercial landlord or tenant is doubtless aware, the Covid-19 pandemic and resulting business closures wreaked havoc on the commercial leasing realm, impacting just about every tenant's ability to conduct business, generate revenue, and pay rent. Amidst the wreckage, a coast-to-coast legal battle has raged from the beginning of the economic shutdown and continuing through this day and beyond, as to one central question: Should the landlord or the tenant absorb the costs of a global pandemic that nobody anticipated? 

Read More

Estate Plan Check-Up 12: Important Conversations with Loved Ones

7/7/2021

 
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By Deirdre R. Wheatley-Liss, LL.M, CELA, Crystal West Edwards, Esq., CELA
In this Estate Plan Check-Up series, we’ve talked a good deal about reviewing your documents. Equally important, though, is having conversations with your loved ones so they know your wishes before they read them in your documents. 

Read More

How You Can Live a Balanced High Performance Lifestyle

6/16/2021

 
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An article by Axios, a publishing company that helps you get smarter, faster on what matters, talks about How data and the pandemic have democratized the "high-performance lifestyle."

They say, "A New Fitness and Wellness Vertical Has Emerged Amid the Pandemic." Dubbed the "high-performance lifestyle" (HPL), it combines physical health, mental health, and technology.
​
Why it matters: HPL aims to track and optimize human performance. Athletes have been doing this for decades; now, thanks to data democratization, anyone can.

Read More

What’s The Very Best Presentation?

6/16/2021

 
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by Cal Thomas, Sandler Training
 
Quick! What is the best sales presentation you’ll ever give?
 
Were you stumped for a moment? Don’t feel bad. It was a trick question.
 
The best presentation that you’ll ever give is actually the one that the prospect never sees. 

Read More

Estate Plan Check-Up 11: Long-Term Care

6/14/2021

 
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Long-term care is an important consideration, because an estate plan only works if you have money left to pass to your loved ones when you’re gone. Long-term care is one of the most common ways that money ends up getting spent later in life or in the event of something that debilitates us.

Read More

Franchising Update: Setting Up for Success in 2021

6/14/2021

 
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As life begins to normalize and businesses begin to revitalize after COVID-19 restrictions are being modified or eliminated, 2021 could present an opportunity for buyers and sellers of franchises to leverage a turnaround of the franchise market. ​

Read More
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