Surplus funds generated from a foreclosure can be a significant asset. It’s crucial to understand how these funds are handled and who is entitled to them. What Are Surplus Funds? When a property is foreclosed upon and the sale price exceeds the amount owed on the mortgage, the difference is known as “surplus funds.” Essentially,…
In response to growing concerns about workplace violence, New York has passed the Retail Worker Safety Act. This new law places a significant responsibility on retail employers to proactively address and prevent incidents of violence in the workplace. The Act requires employers to develop and implement comprehensive programs designed to mitigate the risk of workplace…
The New York Workers’ Compensation Law has undergone a significant amendment regarding claims for mental injuries. Previously, claims based on work-related stress were often difficult to pursue unless the employee was an emergency responder. The law now recognizes that other employees may also experience significant mental health consequences due to extraordinary work-related stress. This change…
New York has taken a significant step in supporting pregnant workers by enacting the nation’s first Paid Prenatal Leave Law. Starting January 1, 2025, employers are required to provide 20 hours of paid leave annually for pregnancy-related medical appointments. This groundbreaking legislation recognizes the importance of prenatal care and aims to ensure that pregnant employees…
Maintaining compliance with wage and hour laws is essential for all New York employers. A key aspect of this compliance involves ensuring that employees classified as exempt (from overtime) meet the required salary thresholds. These thresholds have recently increased, impacting on the eligibility of employees for executive and administrative exemptions from overtime pay. The minimum…
As of January 1, 2025, there is an increase to the minimum wage in New York State. Employers must ensure they are paying their employees at least the new minimum wage. The rate varies depending on location, with a higher minimum wage for New York City and surrounding areas. Employers must ensure they are paying…
The Corporate Transparency Act (CTA), designed to increase transparency and combat financial crime, continues to navigate a complex legal landscape. While the U.S. Supreme Court recently (January 23, 2025) reinstated the government’s ability to enforce the CTA, a separate nationwide injunction from another case challenging the law remains in effect, creating uncertainty for businesses. Key…
Schwartz Ettenger, PLLC, is proud to announce that Michael A. Ferruggia, Esq. has joined the firm as a partner, effective December 9, 2024. With more than 30 years of legal experience, Mr. Ferruggia is a seasoned attorney known for providing exceptional legal counsel to a diverse range of clients, including business owners, real estate developers…
Schwartz Ettenger is delighted to announce that all three partners have been selected as 2024 Super Lawyers in the New York Metro Edition. This prestigious recognition highlights their exceptional legal expertise and dedication to their respective practice areas. The following attorneys have earned this esteemed distinction: 1. Lee A. Schwartz, Esq. – Founding Member (Corporate…
When it comes to sharing information about your estate plan with loved ones, it’s a decision that requires careful consideration of both the benefits and potential drawbacks. Advantages of Sharing Estate Plan Information: Transparency: Sharing details ensures everyone knows what to expect, reducing confusion and conflict later. Understanding of Wishes: Loved ones will have a…
New York State has recently created several new laws that expand the right of employees, job applicants and freelance workers. Employers must be aware of these changes to ensure compliance and avoid fines, penalties and lawsuits. Social Media Protections for Employees and Applicants Effective March 12, 2024, employers are now prohibited from asking employees or…
Did you know that in New York once your child turns 18 you are no longer legally entitled to know anything about them? Their school can’t talk to you, even if you are paying for their education. Their health care providers can’t talk to you, even though you are their parent, and even if they…
