PROVEN LEGAL COUNSEL
New York Law Blog
Considerations for your protection when investing in real estate
Investing in commercial real estate in New York is an exciting adventure that may contribute to your success and the achievement of your financial and career goals. However, because such investments are so significant, your decision to take proper precautions and...
What are tax concerns with foreign estates?
Even after death, there are still issues you want to account for through proper estate planning. Ensuring that your heirs receive the property and assets you want them to involves careful planning and creation of legal documents. According to the American Bar...
What should I do with my estate plan after divorce?
A divorce can change your life in a number of ways. It can even impact your estate plan, especially if you do not make the proper changes once your divorce has been finalized. Here are a few effects divorce can have on your estate and what you can do to prevent major...
The challenges relating to inheriting foreign real estate
Many New York residents have family and loved ones in Brazil. When an individual passes away and bequeaths real estate to you or others in the United States, Brazilian laws can affect who actually receives that property. We often advise clients with legal matters...
Current trends in foreign real estate investment in the US
According to the National Association of Realtors (NAR), in 2018, nearly 1/5 of US realtors focusing on commercial real estate had a sale with an international client in the previous year. Since then, the US-China trade war has caused US economic growth to follow a...
What are reasons to contest a will?
In New York, some people have the ability to contest a will. This does not apply to everyone. But it is good information for next of kin or other relatives of the deceased. Let us say you already established that you have standing. It is within your rights to contest...
How real estate investors can benefit from 1031 exchange
If you have one or more New York investment properties, you may be considering selling and reinvesting into other real estate. Although you might have concerns about paying the taxes, taking advantage of the 1031 tax-deferred exchange can defer that expense, depending...
Who gets estate when the state has to decide?
While it most often happens when a person dies without a will or estate plan, the state may also decide to whom to award assets in other cases as well. Many people do not understand how distribution works under the law and which heirs will get assets. Luckily, New...
Do I need a will for each country in which I hold property?
For those who possess real estate in the U.S. and abroad, estate planning is a more complex process. It is vital that you include your foreign property in your estate plan correctly so that your heirs have no issues with their inheritance. Most other countries don’t...
Woman appeals decision in contested will
Many people might assume that the terms outlined in a will or a trust are always clear and able to be followed or implemented without issue. That, however, is far from the truth. There are many factors that can leave the provisions of a person's will up for...
