New legislation, called the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, was passed by the United States Congress on December 16, 2010 and signed into law by President Barack Obama on December 17, 2010, which affects federal estate taxes. A summary of the new law is as follows: As a temporary…
Deciding what legal entity in which you buy and hold your real estate is important. You should to consult with your financial and tax advisors along with your New York real estate attorney to figure out the right legal entity. You should consider, among other things, the type investment property (is it undeveloped land, commercial…
Your business acquisition attorney is not only your legal expert, but also will facilitate the business purchase process. Your business lawyer will coordinate the processes, interface with all the players, and move the business transaction along, culminating in a successful closing. As your legal expert, your business lawyer will conduct the legal due diligence, negotiate, draft and review the necessary legal documents…
Cooperative apartments (“coops”) differ from condominiums (“condos”) in several ways. Call (212) 688-8944 to speak to a real estate lawyer — NO cost or obligation. When you buy a coop, you buy stock in the corporation that owns the apartment building.
Manhattan home ownership — whether a condo, coop, or townhouse — we can provide you with many benefits, including, a long-term investment and tax advantages. Of course, a home is also a major financial commitment. There are ways to avoid costly pitfalls that can strain your budget and your patience. At the time of the…
