A pair of young sisters was amazed when their nifty little invention — a microfiber cleaning cloth that sticks to the back of a smartphone or tablet — started picking up steam. Called HypeWipes, the cloths were a hit at trade shows and amongst a growing number of customers. But that luck soon changed for […]
This author has yet to write their bio.Meanwhile lets just say that we are proud Steve contributed a whooping 70 entries.
Entries by Steve
On March 31, 2014, Governor Andrew Cuomo signed legislation to implement the New York State fiscal plan for 2014 – 2015. The legislation makes broad changes to the New York State (NY) estate and gift tax laws, as well as some more technical changes to certain trust income tax rules. These broad changes may warrant […]
There’s no time like the present to make sure all your estate-planning ducks are in a row. For many people, the words “estate planning” may conjure up thoughts of large inheritances and tax shelters. But planning “isn’t just about death and taxes; it’s also about what happens if you get very sick and live,” says […]
Among the many decisions you need to make when launching a business is selecting a business structure. If you do nothing, your business, by default, is structured as either a general partnership (multiple owners) or sole proprietorship (solo owner). These may be the simplest entities to form, but they offer one major drawback: There’s no […]
Investment Property: Both your “old” and “new” properties must qualify as investment property. 45 Day Identification Period: You have 45 days from the closing of your sale to identify the properties you are interested in buying. 180 Day Exchange Period: From the sale closing date, you have 180 days to close on the purchase of […]
JESSICA BACAL, a lawyer in Katonah, N.Y., represented a buyer last week who was closing on a $1 million-plus house with a $765,000 mortgage in Westchester County. In reality, though, the cost of the home was more like $1 million-plus-plus-plus, because at the closing, many more costs were added — taxes and fees that together […]
With a little effort, retirement could be a lot better for a large number of people, says certified financial planner Marc Freedman, the author of the new book Retiring for the Genius and CEO of Freedman Financial in Peabody, Mass. What some retirees need to do is rethink their approach and create a new blueprint, […]
New York City is constantly being rebuilt. In the 19th and 20th centuries, dozens of beautiful old buildings were demolished to make way for new development. It wasn’t until 1966, with the passage of the National Historic Preservation Act, that historic buildings could be protected by federal law. Click through to see some of these […]
The Internet provides a rich source of discussions and suggestions relative to the future of estate planning. It particularly makes available a number of constructive analyses of the direction of estate-planning practices after the enactment of The American Taxpayer Relief Act of 2012 (ATRA), including the importance of focusing on related ordinary income and capital […]
Throughout a large majority of my 35-year career as a trusts and estates lawyer, formula-based estate planning for spouses was common. Spouses’ wills or revocable trust instruments would frequently provide that, at the death of the first of them to die, the smallest amount (or fractional share) that, if allowed as a marital deduction, would […]
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