It is natural for people to either create or modify estate plans so that they can take advantage of tax laws that can result in substantial savings. However, with the best financial intentions, a person’s overall purpose in setting up trusts or modifying them may be...
PROVEN LEGAL COUNSEL
For Estate Planning, Estate Administration And Disputes
Year: 2017
Is your home still on the market due to Fair Housing Act breech?
The New York housing market fluctuates as do all other areas of sales and purchases in the nation. Some years, economists consider it a buyer's market while other times seem to benefit the seller. As an immigrant who has worked hard to build a new life in the United...
Do I always transfer assets through probate court?
If you learn that you are tapped to be an executor, the responsibilities that come with administering an estate can be overwhelming. After all, the process of legally transferring property and assets from the deceased to heirs or beneficiaries (and even creditors) is...
What’s causing the CRE slowdown?
When the main fundamental underpinnings of a successful commercial real estate market are flourishing (low unemployment, steady wage growth) you would expect that growth in the market would increase as well. However, according to a recent globest.com report,...
The basics of self-directed IRAs
If you have not heard of a self-directed IRA, you are certainly not alone. Most people who are building wealth through IRAs, use the traditional means (i.e. Roth, Inherited, SEP or SIMPLE). However, most are unfamiliar with the concept of self-directed IRAs and the...
The importance of refinancing commercial properties
Making a real estate transaction work on a long term basis involves choosing the right property, making timely renovations and ensuring that financing works in order to make money on the right investment. This means that timely refinancing packages can be just as...
Uneven inheritances may throw a family off balance
Raising a family in New York can be exciting and unpredictable. With the wide range of cultures and experiences, your children may constantly surprise you by the choices they make and directions they take in life. At holidays and family gatherings, you may look around...
German real estate family makes initial purchase in Brooklyn
Much has been said over the past few years with commercial real estate investment by investors from China. However, as multifamily properties continue to increase in value, a purchase by a German real estate company is creating headlines. A recent globest.com article...
How to protect digital assets with proper estate planning
If you created your estate plan before 2005, chances are that it did not have any provisions dealing with the handling or distribution of digital assets. Don’t worry, if this describes the current state of your plan, you are not alone. Most estate plans created before...
Options for handling inherited homes
Inheriting property from a loved one may bring about a range of emotions. On one hand, you may be saddened by a reminder of what he or she left behind. On the other hand, it could be an opportunity to keep a part of your family’s history relevant for another...
