Paul S. Magy, Esq.

Message
Connect
Call

248-988-5844


Paul S. Magy is a member of Clark Hill's Real Estate Practice Group. His extensive commercial real estate experience includes acquisition, development, finance, zoning, leasing and sale of commercial real estate, in addition to litigation related to those areas, including receiverships, distressed assets and retailer bankruptcy. Paul also has a substantial amount of experience representing all forms of commercial property owners, developers, property managers and brokers.

Expert Articles by Paul S. Magy, Esq.

Starting a Business

Leasing commercial office space for a business requires planning
Your lease for commercial office space will likely the largest economic commitment of your business after salaries and benefits. It is a place that you will depend on to create a positive environment ...

Expert Articles Sponsored by Paul S. Magy, Esq.

Selling Real Estate

An investment in home staging helps sell your home faster
Following these tips and suggestions will make a big difference in having your home sell quickly rather than languishing on the market.  Many of these changes you can make yourself.  If unsure, call...
How to successfully prepare your home for sale for maximum return
Selling your home successfully takes careful preparation and discipline. In order to get the most for your property, all factors must be considered: price, presentation, condition, lifestyle, and mark...
Questions to ask in choosing your real estate agent
Focus on the outcome not the process of selling a home as a short sale
Don't give up, stay in contact and get a good agent. Qualifying for a short sale is based on individual needs and circumstances. An experienced real estate agent can help you determine if you are a ca...
Survive selling a co-op in New York City
Selling a co-op in New York City requires patience, knowledge and diligence. Gather all of the necessary information and materials before you jump into the process. Always qualify your buyers and lean...
The keys to selling luxury real estate
There are many techniques that you can employ when selling luxury real estate and simple things to avoid when selling a high-end property. These ideas can yield a substantially higher sales price and ...
What are the steps in a short sale?
Use video to sell or rent your home faster
Marketing is an essential component in selling or renting your property. Video tours can be an effective method in presenting the home that creates a deeply engaging, fun, and informative experience.W...
A Seller's Guide to prepare your NYC home for a Fall listing
Preparing practically can be the best way to prepare emotionally.  Put your focus on completing these tasks with ample time.  You will save yourself less stress. You will be able to enjoy the proces...
Sell your home faster
Remember, when you list your house, you are always in competition with all the other comparable houses for sale in the area. To sell your house quickly, always rely on your real estate professional to...
Smart advice on selling the family estate home
Make selling the family home--an already difficult process--as painless as possible. Get the house ready to sell by clearing the clutter and updating old appliances and fixtures. Hire a Senior Real Es...
How to sell your home during the winter months
Selling your home at a competitive price during the winter months is not out of the realm of possibility. Follow these do’s and don’ts along with your agent’s recommendations to set the right pr...
Sell your home in a buyer's market for the price you want
When preparing your home to sell consider these do’s and don’t before listing. They will make your property widely marketable and could reduce the time your home is on the market....
Advice on successfully selling your NYC co-op home
Selling a NYC cooperative apartment is a complicated process with various potential pitfalls, but following these tips can help you avoid many of them. Having a good real estate team working together ...
How to price and get the most money when selling your house
Search out a professional agent who knows your community and whose firm has a good reputation. Take their advice and position your home to achieve its highest value possible. It’s more than just put...

Buying Real Estate

Buying homes as short sales and foreclosures can be very rewarding
Buying a distressed property that is a short sale, foreclosure, or bank owned can be a good investment and an affordable way to own your own home, but it is “buyer beware”. You should protect you...
Guide to buying a co-op in NYC
There are many ins and outs to purchasing a co-op in New York City. While the process may seem a bit daunting at first, do not fear. Remember that the cooperative purchase is the norm in NYC, not the ...
How to find and buy a house on a river
Your river property will bring much excitement, inspiration and fun to your life. Relying on the expertise of a professional who specializes in waterfront property will make the process effortless and...
How to find and buy a lake house
Your lake house will be a source of relaxation, inspiration and fun. Relying on the expertise of a professional who specializes in lake property will make the process effortless and satisfying. This i...
How to find and buy a mini or hobby farm
Whether for a better way of life or out of necessity, your farm will become a significant part of your life. Relying on the expertise of a real estate professional specializing in farm property will m...
How to successfully buy multi-residential investment properties
In order to mitigate threats and capitalize on opportunities it is essential to have a well-grounded investment strategy. This includes the collaboration of complimentary disciplines and fastidious at...
Smart steps to successfully buy real estate in Baltimore, MD
Buying a home is an exciting endeavor, but the process can be tedious, time-consuming, exhausting, and an emotional rollercoaster for some. Working with a trusted professional can help ensure you have...
The right way to buy a home
Buying a home is a complex process requiring expertise from a number of professionals. By focusing on what you want in your home and allowing these professionals to do their jobs, you can achieve the ...
How to make the right offer on your dream home
There’s no need to get stressed out when you’re trying to figure out how much to offer on your dream house. Take the emotions out of the equation and instead focus on the data and the math. Workin...
Advice on buying land for investment, development or build a home
Whether your land will be used for recreation, development, investment or just a home, you’ll find many diverse parcels to choose from. Remember you can always change the way a house looks but you c...
Advice on buying a fly-fishing ranch in the Rockies
While there are many rivers and streams throughout the Rocky Mountain West, the supply of available fishing properties in any given price range is very limited. Obviously private water is the preferre...
Choose and buy a vacation home with confidence using a realtor
The key thing to remember is to seek out professional advice when considering purchasing a vacation home in another part of the country. Don’t underestimate the value and resource of a professional ...
Expert advice for the first time homebuyer on buying the dream house
When purchasing your first home together it is in your best interest to have a licensed real estate agent to help you. Their job is to give you advice, recommendations for the services of other profes...
Hire a qualified home inspector to help reduce risk when buying a home
Home inspections are a valuable tool for the homebuyer and should be a routine part of the homebuying process. However, don’t overstate what they are able to do.There is risk in buying something bui...
Buying a foreclosure can be a great investment if your informed
Purchasing a foreclosure can be a great investment whether you are purchasing one for your personal residence or as an income property, but a word to the wise, be patient with the process. New guideli...
Expert advice on buying a condo as a good investment
Owning a condominium is not for everyone, but it does fit the lifestyle of many people today. Whether you’re considering a condo or a home, you need to be sure that you know what it is that you are ...
Get the best deal by knowing what to offer when buying a home
Be smart, but not overly smart. You do not want to think yourself out of a great home while at the same time you want to understand your market and the data within it. In the end, you have one simple ...
Buying a home in a hot market and how to win a bidding war
Owning and living in your own home is the American Dream. But increasing mortgage rates along bidding wars on the purchase of a home is creating emotional and financial stress not seen since the real ...
How to build your dream home from the ground up
When building your dream home, the best advice is to be prepared for anything. There will be bumps along the way but as long as you address them in a timely and effective manner, the process should be...
How to win over the co-op board when buying a home in NYC
Just remember that accepting the co-op for what it is is vital to being accepted yourself. Being honest, patient, informed, and respectful demonstrates that you are the kind of neighbor and shareholde...
Advice on buying a townhouse and real estate in NYC
Buying a townhouse in New York City can be a rewarding experience, both emotionally and financially. Given today’s price points this opportunity is available to a select few. If you happen to be one...
Advice for first time home buyers on buying a co-op in NYC
Co-op ownership comes with its benefits and also with possible limitations. If you like a particular co-op and can handle the work it will take to get in, you have a great experience in store for you....
What to consider when buying a home as a fixer-upper
Buying a fixer-upper is not without its challenges. The most important tool for the job is preparation. With good planning, clear vision, and a reliable team to help guide you, your fixer-upper can be...
What price you can expect to pay for a single family home in NYC
There is a lot to consider when buying a single family home in New York City. Costs vary greatly and this market segment continues to become more valuable. So if you have the desire and the budget jum...
Advice for buying a home in NYC when you have a young family
When starting out as a family, your first home and the community you reside is where many family firsts will occur - your child’s first words, first steps, first day at school. So many memories and ...
Buy a home in downtown Manhattan to get access to the best views
If you want to be in the middle of it all, have access to some of the best views, best moderns homes, and best transportation, Downtown is where it’s at. Like with any other investment. however, be ...
You can buy a home in New York City with a $1 million budget
There is a reason why the real estate market in NYC is so competitive for the buyer. Historically, NYC has held it’s value and has weathered many a financial crisis to come back even stronger. $1 mi...
Investing in commercial real estate is a great opportunity for anyone
Whether you are buying one building to rent out or a whole plaza, commercial real estate can be a rewarding investment. Following the advice above can put you in the right place to make money on your ...
Use the internet and social media to help you find the perfect house
For the majority of buyers, a home represents their biggest lifetime purchase, so they should use every tool at their disposal to ensure they are getting the very best home at the optimal price. Consu...
Buying a home in an HOA neighborhood can be a great move
Living in an HOA neighborhood comes with certain rules and restrictions, but if you understand them, life will be better and easier for you and your neighbors. Do find ways to work with and improve yo...

Home Mortgages

Guide for first time homebuyers on securing a mortgage
There has never been a better time to become a first time homebuyer. Housing prices have bottomed out and appear to be stabilizing. Most experts are predicting that we will see home prices begin to in...
How to get a mortgage to buy or refinance your home
Financial institutions have become more rigorous in their mortgage application process. The mortgage application and approval process can seem demanding an onerous. Reduce your stress by having patien...
Guide to obtaining a mortgage in the new lending world
Getting a mortgage is not the same as it was just a few years ago. The process is harder, more thorough and often longer. However, you are trying to obtain the American dream of owning a piece of eart...
Secure a mortgage and proper financing for your vacation property
Enjoying your new vacation home is a lot more fun than getting the financing. Make sure you are prepared to run the gauntlet: clean-up any inaccurate credit, put down as much down payment as possible,...
Successfully secure a loan for your home renovation project
A newly renovated home can be beautiful thing. Good planning on how you are going to finance the costs of these improvements and who will help you do this will make this journey much more pleasant. A ...
A reverse mortgage is a great way for homeowners to convert equity
A reverse mortgage is a great resource to help some that need that additional source of income. Reviewing all of your options and understanding what this type of loan means for you, will help you make...
Choose between a 5/1 ARM or 30 year fixed rate mortgage
A fixed-rate mortgage generally costs a bit more per month during the first few years of your mortgage, but you know what your payment will be for the term of your loan – for instance, if you are lo...
Which loan is best for you? A jumbo or conventional mortgage
Securing a loan when purchasing a home is just part of the process, and you need to know what options you have so that you can have the best interest rate and the lowest monthly mortgage payment possi...
Expert advice on buying or not buying points for a home mortgage
Just like most things in life, the answer to this question is nuanced and it starts with “it depends.” It depends on how long you’ll keep the loan, how much the point will cost you, and how long...
Expert advice on securing the best rate for your home mortgage
Shopping for a mortgage and mortgage rate can be a daunting process. Remember that buying a home and getting a mortgage is the biggest financial decision and investment that most of us will make in ou...
Rebuild your credit and secure a mortgage after a short sale
Selling your house as a short sale can be a very overwhelming task even 3 years after. But in order to make it less stressful, and not ruin your credit for a long period of time, there are definitely ...
Veterans should use the VA Loan Program when buying a house
If you’ve served in the military, the VA home loan guarantee program can provide great benefits that are unavailable to civilians and those using a conventional mortgage product. Get in touch with a...
Determine how much you can afford to borrow for a home mortgage
Determining how much you can afford to borrow combines the efforts of both the buyer and the lender. Borrowers must do their part to provide accurate and current information to their lender, but they ...
Advice for successfully securing a home mortgage when self employed
America’s economic vitality relies on the small business owner and the self-employed workforce. It’s unfortunate that these same individuals often face higher hurdles when obtaining mortgages for ...
How to successfully get a mortgage for your investment property
We have all seen or known individuals who have built their own rental real estate portfolios and complemented their other investment strategies nicely through ownership and management of real estate. ...
Learn when to lock your fixed rate loan to get the best rate
More than anything ask your friends, family, and coworkers who they recommend to help with mortgage financing. Interview several of them and listen to your gut instincts. Ask yourself, is this a solid...
How to get a mortgage for a home with less than 20% down payment
Choosing the mortgage structure that is best for you in the very common situation where less than a 20 percent down payment is requires an understanding of both your needs and the lender’s requireme...

Home Improvement

How to choose a contractor for your home
Hiring a contractor who is someone you don’t know can be a very stressful situation. You can minimize this stress by having a definitive plan for your project and having a clear process on how you a...
Expert advice on painting the exterior of your home
Painting the exterior of your home can save you money and be a very rewarding experience, especially if it is done the right way. There is an overabundance of things to think about when doing a projec...
Save money, live green with these eco-friendly bathroom upgrades
Water conservation is an important green issue and eco-friendly plumbing solutions are generally a convenient, non-intrusive way to upgrade your home. After installation, the money that can be saved i...
Build a low maintenance and durable composite deck for your home
Low maintenance composite decking is a wonderful thing as it saves you time, money and backbreaking labor. Carefully assess how you will use your deck and thoroughly research your options and installa...
Regular maintenance of plumbing can save on costly repairs later
It might seem like a lot of work, but regular maintenance will always be better than a larger issue later. While it is impossible to avoid all plumbing issues, many are preventable with a little extra...
Expert advice on protecting your home from rats and rodents
If you make sure your home isn’t as welcoming to rats and mice as it is to you, they’ll be turning tail in no time....
Expert advice on preparing for a stress-free home renovation
By properly preparing for your home renovation, you can avoid stress, work with individuals with whom you are comfortable, and stick close to your budget. This will not only result in an enjoyable exp...
Advice on hiring an interior designer that reflects your lifestyle
There are many factors to consider when hiring an interior designer, from referrals to budget, from letter of agreement to in-home meetings/presentations. By using these important tips, you’ll be on...
Reduce weeds on your property to help create a healthy lawn
There are a lot of steps you can take, as well as some you should avoid, in order to properly control weeds and keep your property healthy and attractive. Know your enemy and contact a lawn care profe...
Prepare your lawn for winter and prevent snow mold
The most important thing to consider when preparing lawns for fall and winter is the element of time. As long as each task is completed at the proper time of year and as instructed, avoiding snow mold...
Advice on budget friendly renovations to create a beautiful home
With these tips, you can make smart, budget-friendly enhancements to your home without spending a fortune....
Eliminate the chance of mice and rodents entering your home
Rodents can transmit diseases such as food poisoning-pathogens when food or food surfaces are contaminated with infected rodent droppings or urine. Rodents can also cause significant amounts of damage...
How to prevent and remove an ant infestation in your home
Ants are the number one nuisance pest in America. They can be very effective at infesting homes, contaminating food and damaging structures if left untreated. Eliminating ways for ants to enter the ho...
Prevent cockroach infestation and protect your family's health
Follow these tips to prevent roaches from endangering your family’s health and home. Stay on the lookout for any signs of a cockroach infestation or any factors in your home that could draw them in....
Advice for growing and maintaining the perfect lawn
Keep your mower blades sharp and don’t mow too short. Also, remember to fertilize and properly water your lawn. By implementing the above steps, you can enjoy a healthy lawn all year round....
Improve your home's energy efficiency and save money
Making your home energy efficient can keep money in your pocket. It may also make you eligible for tax breaks. And because of this, energy efficient improvements are a highly sought after measure for ...
Advice for organizing your home, belongings and important documents
Organizing your home can seem like a vast undertaking but when you tackle the project a little at a time, it won’t seem as stressful. Make sure you put important documents in a safe place and all yo...
Advice on choosing the paint colors for the rooms in your home
Since room color makes a strong impact on its occupants, it’s important to do some research about appropriate color choices before choosing to paint. Consider your location when establishing an over...
Prevent and control ant infestations in and around your home
Ant infestations can be controlled with different strategies, including ant baits and contact killers. Strategies to prevent further infestations include sanitation and exclusion efforts. It is import...
Warm weather brings termites - How to prevent and stop an infestation
Termites can cause significant damage to your property. It is vital to proof your home against termite infestations and detect termites early. A pest professional can help homeowner’s offer treatmen...
How to detect and remove asbestos in your home or business
Asbestos is a carcinogen that can cause lung cancer, mesothelioma, asbestosis and other serious respiratory ailments. The most dangerous asbestos fibers are too small to be visible. Once inhaled, they...
Spring cleaning reduces dust and allergens and improves your health
Spring cleaning should not just be seen as a silly tradition. It should be something that everyone takes part in. Not only will living in a clean and organized environment make you more productive, th...
Growing a successful fruit garden requires planning and preparation
A well-planned fruit garden will enhance your home landscape and life. It will provide a beautiful, dual-purpose landscape for you to be proud of for years to come. Dig in and savor the “fruits of y...
How to start your first vegetable garden and grow your own vegetables
Growing your own vegetables can be a very satisfying and rewarding hobby. Building a garden requires some basic knowledge, none of which take a lot of time to master, and the rewards are many. Vegetab...
DIY advice for decluttering and spring cleaning your home
Through decluttering and a few easy updates, your home will be a delight to come home to and welcome in the new season. Put a little spring in your step and plan your vision today!...
Finishing a basement starts with preparation and careful planning
Taking these steps can transform your unused space into one of your favorite places in the house! The days of the cold, dark basement are over. Bring on the man caves, home gyms, kids’ playrooms, ho...
Choose the right location for a garden and plant seeds correctly
Planning a garden can be a daunting task. Start by using these quick and easy tips to get started....
Creating your first garden will take work and constant attention
Any garden or landscape is a living and constantly changing thing. It takes work and attention, but this is the challenge and excitement of the pursuit. It also creates opportunities for new ideas and...
What you should check before hiring a painter for your home
Hiring a painter to give your home the pick-me-up it needs doesn’t have to be another chore for your list. Asking good questions, doing thorough background research, offering detailed expectations o...
Remodel your kitchen to be functional, efficient, and stylish
The kitchen is the heart and soul of the home. Be sure to keep these tips in mind to affordably transform your kitchen into a multi-functional space for your whole family....
How to check references when hiring a contractor for your home
The best way to find the right painting contractor for your home projects is to check their references. Get a home address, phone number and email address, if possible. References that were satisfied ...
How to avoid home improvement and renovation scams
Warm days are ideal for tackling home update projects. Hiring outside help can be daunting, particularly when scammers are looking for easy marks. Knowing what to expect from workers coming and going ...

Home Emergency, Preparedness, and Recovery

Protect your home from mold and prepare for flooding during a storm
Being prepared for a hurricane can make the storm much easier to handle. Following these simple tips can help prevent damage to your home....
Prevent and remove mold in your home with certified mold inspectors
Mold is a common problem in many homes, and can cause serious health problems. These expert tips can help you to prevent mold before it happens, and guide you through what you should do if your home h...
Secure and protect your home and family from a home invasion
Home invasions happen to people who are caught off guard or to those who aren't prepared. Put these systems in place to reduce your risk....
Expert advice on preparing your family for a natural disaster
Work with your whole family to devise a disaster plan that covers several likely scenarios for your location. Review and practice this plan twice a year. Prepare go-bags with food, water, clothing and...
Protect and seal your home from insects and pests for the winter
Overwintering pest species may vary from state to state and region to region, but they have one behavior in common: they are seeking shelter from the winter when they invade your home. Prepare your ho...
Protect and prevent your family and home from a fire
There are over a million fires in the US every year and most home fire deaths occur in homes without working smoke alarms and among families who are unclear on how to escape. The leading killer in hom...
Protect your home and family from your Christmas tree catching fire
...
Avoid a house fire when cooking with a turkey fryer this Thanksgiving
If it’s your turn to host for Thanksgiving dinner, you probably feel at least a little bit of pressure to make sure everybody is well-fed. A little planning and preparation can help make sure that n...
Protect your home against bed bugs and what to do if you have them
Bed bugs do not carry disease, but they will leave little bite marks that are itchy and unpleasant. Their small size and ability to hide and reproduce quickly make them more difficult to detect and to...
Be prepared and safeguard your home and family from hurricanes
The time to plan for a hurricane is before the storm arrives. It is never too early to have your master list of friends and family, service providers and post-storm experts on hand. Getting a survey o...
How to prepare and survive a hurricane or other natural disaster
A natural disaster can be scary because of the unknown factor. Yet even amidst uncertainty, there are ways to plan and prepare so you can protect yourself and your family during and after any possible...
A property management company can help you prepare for a hurricane
When it comes to hurricane preparedness, your property manager should be anything but a fair weather friend. Look to your property management company as a partner to help your association think ahead ...

Renting Real Estate

Become a successful landlord
Being a landlord is an excellent and well-proven path to wealth creation. The challenge is surviving long enough to realize the gains. Have a written game plan, know your numbers, don’t over-spend, ...
Guide to choosing a property manager for your rental property
Utilizing a professional property management company to oversee your rental homes can be an extremely beneficial to you and can provide piece of mind knowing your property is being professionally mana...
Understand your legal obligations before signing a lease agreement
Once you sign a lease it becomes a legal contract between you and the landlord. Every aspect of it is binding for the stated life of the agreement. For a hassle-free experience in your new home, it is...
How to protect you and your rental property as a first-time landlord
The residential rental investment can be a lucrative opportunity. But the first-time landlord must understand the complexity of the investment and should consult with competent professionals for legal...
Secure long-term tenants by making your rental property a home
For landlords, there is nothing costlier than having to find new tenants, especially if it is on a frequent basis. Being more flexible and allowing tenants to make minor aesthetic changes is a simple,...
Advice on finding and renting an apartment in New York City
Hunting down the perfect new apartment in NYC can be daunting. However, understanding the process and being prepared can simplify your experience and increase your chances of finding a great place to ...
Use Facebook to help you find the perfect rental property
A significant shift is occurring with how people are using Facebook to give them more personalized user experiences. They are already sharing details about their daily lives, so the next logical step ...
Choose a property management firm to rent and manage your home
The most important criteria to look for when choosing a property manager for you real estate investment is finding one with a proven track record, has good values, and does their research to provide y...
What to consider when renting your home or apartment in NYC
Using a professional real estate broker can make the rental process faster and much less stressful.They will know what the process entails and make sure that you find a qualified renter for your home ...

Moving

Make your DIY house or apartment move easier with this practical advice
With these few basic steps you will come to realize that moving isn't quite as bad as you thought. It may not be the most enjoyable thing you have ever done, but you can certainly feel organized and a...
The right moving company will save you time, money and headaches
Working with a professional moving company is the best option when moving your home, as their experience and strength cannot be matched by the do-it-yourself mover. When knowing what to look for in a ...
When moving, shipping your car cross-country doesn't have to be hard
The first time you ship a vehicle can be a stressful process, however if you do your research when selecting a vehicle shipping partner and follow the tips provided above, the process should be a simp...
Choose a storage unit that fits your needs and your budget
Take this advice to heart and hopefully it will come in handy the next time you are searching for a self-storage unit....
Choose an auto shipping company that is trustworthy and reliable
The first time you ship a vehicle can be a stressful process, however if you do your research when selecting a vehicle shipping partner and follow the tips provided above, the process should be a simp...
Prepare your boat for shipping to ensure it isn't damaged when moving
Though the idea of shipping your boat can be a daunting one, doing research will help you make the most informed choices concerning the delivery. If you follow the advice provided above, the process s...
Expert advice for shipping an antique or classic car
While the idea of shipping your high value car can be initially unnerving, doing your due diligence will help you make the most informed choices. The tips provided help to ensure the process of shippi...
Expert care is required when shipping your motorcycle
While transporting your motorcycle yourself may seem like an easy task, don’t leave anything to chance and instead hire a shipping company that can take care of your bike. It is important to conside...
Fundamentals for packing your belongings and home for moving
With many necessary important steps and details when moving it sure can be overwhelming. But don’t let it be a burden. Purging before you go and knowing that the fundamentals can ease the packing pr...
How to move large furniture into a small apartment or home
Moving is a complicated task, especially when you have large furniture pieces that you're relocating to a small apartment. In order to ensure your safety and the integrity of your furniture, hiring pr...

Wills and Estates

Helping you through probate
Probate can be a complex process depending upon the amount and value of the assets in the estate, the debts owed and the number of people involved. It is important that you know what to do and what no...
Things to consider with a power of attorney
A power of attorney utilized by the right person in the right situation(s) is a very helpful and effective tool. Unfortunately, many people sign a power of attorney without proper guidance from an att...
What’s the difference between a will and a living trust?
There are many factors that go into deciding whether your family is best served by a will-based estate plan or a living trust. Making the right decision can save money, hassle, and heartache. Like mos...
Should I leave assets outright or in a trust?
Leaving assets to heirs can be a tall task for people. There are often numerous considerations that need to be addressed, including whether to leave assets in trust or whether to leave those assets ou...
Evaluate elder’s competency to protect their health and finances
A competency evaluation team includes medical professionals and clinical psychologists who evaluate a person's cognitive functioning, memory capacity and reasoning capability. These factors are import...
A revocable living trust will protect your assets and avoid probate
Though setting up a living trust may seem complicated compared with a will, ultimately it may provide you and your loved ones with more options when it comes to planning for the future. Because estate...
Create a postnuptial agreement to protect your financial future
When bringing up the topic of getting a postnup, always remember that this is a financial plan for your future; to protect the finances you and your spouse have acquired since being married. Always ma...
Create a written will to protect loved ones and give you peace of mind
Writing a will is an emotionally fraught issue. For many people, making sure their relatives and loved ones are taken care in the event of their demise is essential. Though there are myriad issues and...
Expert advice on deciding if a prenup is right for you
A prenup is what you make it. It can be simple, straightforward and equally protect both parties. It can be used simply as a planning tool to expedite a divorce, or it can be used to protect only one ...
Ensure your pets are taken care of in your estate plan and will
Determining what should happen to your pets if you become unable to take care of them is an important and often overlooked part of estate planning. If you think of your pets as members of your family,...
A will helps control the distribution of your estate after death
Even if you desire to leave all of your property to those who would be considered your “heirs at law,” a simple self-proving will appointing an independent executor will streamline the probate pro...
Newlyweds should prepare a will and discuss estate planning
This article discusses some of the most important estate planning issues to be concerned with for newlyweds. If you need further help, you should contact an estate planner or an attorney who is experi...

Estate Planning

Planning your funeral service in advance gives you peace of mind
Beginning the pre-planning process presents several choices to consider. A good start is by searching online for a funeral service that suits your needs. Simply making an appointment at a funeral home...
Advice for selecting the right estate planner for your situation
Like any other professional engagement, the biggest problem is often finding the one you are comfortable with and who possesses the skill and knowledge to address your situation properly. The list of ...
Having a baby? Create an estate plan to protect your family
Don’t feel that setting up an estate plan when preparing for a baby is one more burdensome item on your list. Embrace the moment but think about how you’ll want your spouse and new addition taken ...
Create a well-designed estate plan for you and your family
There are many shapes and sizes of estate plans, from basic to very complex. Finding the one that is right for you takes some thought and planning, but is not that difficult to do. Approach the proble...
A well-rounded estate plan will help protect your family
Compile and evaluate all of your assets and think about how you’d want them safeguarded after you’re gone. Think about how you’d like your spouse and kids cared for. Finally, consult with an att...
Receive an inheritance recently? Here is expert financial advice
Receiving an inheritance leaves most people feeling overwhelmed and confused. Figuring out how to manage it can be financially and emotionally draining on something that should be a real blessing. Pla...
No family to pass your assets to? Advice for creating an estate plan
An estate plan is a personal thing, so make sure your assets go where you would like them to after you’re gone. Trusting those who are put in charge of caring for those assets is important and you s...
Plan your funeral service and ensure your wishes are fulfilled
Funerals are meant to provide ceremony around the loss of a loved one, which will help those left behind to grieve. Grief is a complicated and difficult emotion, so helping families walk the path of g...
Choose the right casket for your loved one when planning the funeral
The purpose of a funeral is to celebrate a life well-lived. Choosing the right casket is just part of the funeral experience, but it can be one of the most overwhelming given the sheer number of optio...
Advice for choosing a qualified estate planner
Creating a legacy for your family is important. If you want a will or trust that will ensure that the wealth you have created is passed to the people you want, they way you want, with the least cost a...
Save your family the time and stress of probate with your estate
Taking the time to understand your options and to set up non-probate options such as revocable trusts, TOD accounts, or lifetime gifts can protect your privacy, simplify your estate administration, an...
Create an estate plan that works for you and your beneficiaries
Planning and creating a will is an important step in your life, and it is not one that should be taken lightly. However, it does not have to be daunting or depressing. It can be an assurance that your...
Financial steps you must take immediately on the death of a spouse
The next few months (and years) will be a transition period in many different areas, including your finances. Get organized and recruit professionals, family and friends to help. Tackle the time sensi...
A new baby is good reason to review and update your estate plan
These are a few general do’s and don’ts for a new parent to consider, but certainly not a complete list. Consult with experienced professionals for guidance in how to make the best plan possible. ...
What every young mom needs to know about wills and estate planning
So once you have completed your estate plan, give yourself kudos! You have done what so many people fail to do—even the rich and famous. As you begin to work on your estate plan, make sure that it i...

Bankruptcy Law

The right bankruptcy attorney will protect your assets
Don’t fool yourself into thinking that you are now an expert at bankruptcy law because of what you found on the Internet. Remember what Samuel Clemens said, "It ain't what you don't know that gets y...
Chapter 13 bankruptcy protection provides you with a fresh financial start
Chapter 13 reorganization gives the debtor (the person filing the bankruptcy) a chance to wipe out the same kind of debts as with Chapter 7 (actually a few more). In addition, you can change the terms...
Chapter 11 business bankruptcy requires fast and specific action
Chapter 11 is a vehicle with many advantages for a business reorganization. Among other things, it provides breathing space for the company to negotiate with creditors, the ability to deal with all cr...
Prepare for your bankruptcy 341 meeting of creditors
The 341 meeting of creditors are usually quick, simple, non-adversarial hearings designed to verify that the information provided to the bankruptcy court is correct. This hearing affords you an opport...
Creditors can protect their rights in a Chapter 13 bankruptcy
Although no creditor wants to learn that its borrower or debtor has filed for bankruptcy, creditors armed with the knowledge of their rights and limitations under the Bankruptcy Code are prepared to q...
How to file Chapter 12 bankruptcy for family farmers and fishermen
Chapter 12 may provide the solution for a family farmer or family fisherman in financial distress. It provides debtors with the breathing room to develop and work a plan to pay off all or a portion of...

Starting a Business

Successfully starting your business takes preparation and persistence
Starting a business may be the best decision you will ever make; being smart about the preparatory work that goes into both will payoff in time and money. Find a trusted source or website to guide you...
Successfully start a home business with this expert advice
A home business that you conceive and nurture to success is just like a child. While there will be challenges along the way, it will reward you greatly when it reaches its potential. Apply these strat...
Create a successful and impactful brand for your new business venture
Through all your hard work in developing your new business, establishing a well- defined brand that communicates and connects with your consumer is a necessary component. Consider working with design ...
How to turn around a business that is not succeeding
Being in business is tough. Entrepreneurship isn’t for everyone, but if you have chosen that path it can be super rewarding. In order to have a fulfilling experience as a business owner or business ...
Advice for small business owners on successfully starting a business
Owning and running a business is a dream that has become a reality for many Americans. While many business owners think that being their own boss is going to be better than working for someone else, b...
How to decide on key man insurance and protect your business
Key man insurance can be an important factor in any business, but as with any insurance policy, do your research first. This type of policy can be extremely valuable in a small or family owned busines...
How to start turning a failing small business into a successful one
Being aware of the need you fill and moving your business forward is a matter of self-awareness, research, and strategy. Only when you know what your consumers really want and need can you create a su...
Business growth depends on positive and memorable customer experiences
As with pretty much any relationship, putting the customer first comes down to proper communication and making them feel important. Take your time to engage and be present, and involve your customers ...
Grow your business while keeping operation costs under control
There are inherent costs to running a business. That doesn’t mean that these costs should have a negative impact on the bottom line of the business. By proactively looking for ways to reduce costs a...
How to make sure your small business is a huge success
There are an infinite number of tips for making a small business succeed, depending on the type of industry, size of the company, revenue, etc., but the advice outlined above are applicable to all bus...
Businesses need to create a global mindset to be successful overseas
In today’s world, maintaining a global mindset is essential for being successful. Do your research, speak intelligently, and invest in global mindset training across your entire company....
Balance work and life while running a successful small business
Consuming your entire life with work is unhealthy, but not striving to work toward anything is also unhealthy. To some, having an adequate balance between your work life and personal life might seem f...
Set clear goals for your small business to be successful
...
Leasing commercial office space for a business requires planning
Your lease for commercial office space will likely the largest economic commitment of your business after salaries and benefits. It is a place that you will depend on to create a positive environment ...
How to be prepared when starting a business and you are over 50
So now you have a few, time-tested insights to ponder. At age 50 or older, this can be an exciting enterprise that will test your skills and your endurance. If everything said here seems fine to you a...
Location, location, location: Ensure the success of your business
There you have it. Follow these simple rules and you are on your way to building your personal empire. Best of all, you have the resources in building this goliath all at your fingertips. Be observant...
You can successfully leave retirement and launch a start-up
Some people have been looking forward to retirement for 25 years. If that’s you, beginning a startup is the last thing you want to do and it could turn into your greatest nightmare.Other people have...
Advice for going into and starting a business with your family
If you’ve addressed all the aforementioned do’s and don’ts then you’ve done what can to set your family business up to win and for long-term success. Now go make it happen and enjoy creating m...
Creativity is essential when branding a new business venture
Staying fresh, understanding specifics and embracing creativity is valuable to improving your company’s brand. Whether you are just now creating your brand or in the middle of a refresh of your bran...

Business Operations

How to get the most from your local printer and print shop
Communication, realistic expectations, and planning are the keys to a successful experience in working with a professional print shop. With a bit of research and insight, you will understand what to e...
Business owners should buy business property insurance
It’s very important to ensure that you have a high enough limit to properly cover you for all of your business’ property. Make sure that you include all of your property and the cost to replace th...
Great customer service helps your medical practice thrive
Providing quality clinical care to your patients is your first priority. Other “care” areas are equally important though, as your patient will develop an impression of your overall practice philos...
Right credit card merchant provider will improve your bottom line
By partnering with the right merchant services provider, you’re not only going to ensure your own company’s bottom line, you’re going to get a partner who believes in your business and is willin...
Minimize disruptions in your business by planning for a disaster
Disasters may be unlikely, but they do happen and companies can pay a high human and financial cost if they don’t have an action plan to tackle the unthinkable. Back up office space must be a key co...
How to send email that meets HIPAA compliance standards
While you may have to increase your budget and time to ensure your systems meet HIPAA compliance standards, it is time and money well spent. The result of a breach can be monumental in terms of cost a...
Ensure your business gets off on the right foot for the New Year
It’s much easier to prevent fires, than put them out, so prepare ahead of time by incorporating HR into your 2014 planning. Sit down and outline what worked for 2013 and carry that into the new year...
Use special events to raise money for your non-profit organization
Creating special events, and doing them well, can accomplish many goals. The obvious reason is to raise money that can be used towards operating costs, an endowment campaign or for capital improvement...
How and why businesses should speed up the supplier payment process
When it comes to supplier relations, enterprises should always be looking for ways to make processes easier and more efficient. If those relationships are strong, enterprises will waste less time on t...

Business Law

Protect yourself and your business from a wrongful termination suit
Learning that a former employee is claiming wrongful termination can be stressful and the lawsuit can be very costly, not only financially, but emotionally as well. Although there are no guarantees th...
How employers can get H-1B work visas for foreign employees
When filing H-1B visas, it is important to start preparing early and to familiarize yourself with all required documents. Ensure that the position qualifies as a “specialty occupation” and whether...
Maintain I-9 compliance and hire legal workers for your business
Employers who knowingly employ individuals who are not work-authorized risk subjecting its company to fines and other possible liability. Many employers suspect some employees may be undocumented, but...
Protect your business: Train personnel on completing form I-9
Once the final statistics for 2013 are tallied, 2013 is expected to be another record-breaking year for immigration enforcement. Now is the time to conduct an I-9 audit and ensure all your personnel r...
Trademark attorney can help protect your company logo, name and slogan
It is often extremely wise and beneficial to seek federal registration of your most commercially valuable trademarks. Although registration can never be guaranteed, following the steps outlined above ...
Advice for businesses on what to do when sued for sexual harassment
It’s clear that when an employer is being sued for sexual harassment, it is a serious matter that should not be taken lightly. By ensuring that certain measures are in place and taking quick and tho...
Obtain an L1A visa when opening new offices in the United States
This article provides general introductions as to what to expect when a newly formed U.S. based entity files an L1A petition for a manager or execute employed by a foreign entity with whom the U.S. en...
Advice on protecting your business' brand using trademarks
Considering the complexity of trademark law and the potential for infringement, it is important that you consult a trademark lawyer who can help you make the smartest choices for your business’ bran...
How employers should handle complaints about overtime pay
It is important to know which employees are eligible for overtime pay and to review your company’s policies. Properly training managers and tracking hours will help to mitigate risks involving overt...
How to correctly suspend or fire an employee with an H1B visa
Ensure you are compliant with the Immigration and Nationality Act (INA) and the Code of Federal Regulations (C.F.R.) when issues arise with the employment status of H1B workers. The best way to do thi...
X

Contact Paul S. Magy, Esq.

Message was successfully sent. There was an error sending the message.