As a landlord, you expect that your tenant will pay you rent on or before the day it is due. Late rent could impact your finances. Legally, New York tenants have the right to take action if the...
N.Y. Raises the Estate Tax Exclusion
New York recently raised the amount of property that can pass free from the estate tax to $5.25 million. Previously, the exclusion was $4,187,500. After January of 2019, New York’s exclusion will match the federal exemption amount. However, high earners in New York need to be...
Grounds for Eviction in New York
In Focus: Home Inspections
While many homebuyers may hear that it’s all about “location, location, location,” there are other important factors to consider when selecting a house, not the least of which is the structural condition of the dwelling, and the heating, cooling, plumbing and electrical systems. For this reason, before you close on a home purchase,...
What does funding the trust mean in estate planning?
Tips for First-Time Home Buyers
If you are a first time homebuyer, navigating the real estate market in Staten Island can be complicated. From selecting a dwelling and signing a contract to arranging for a home inspection and securing a mortgage, the process requires doing some homework along with having patience and resolve.
When you’re ready to buy...
The Mistake That Could Land Your Remains in a Mass Grave
Q: What could happen to my assets --and my remains-- if I die without a will?
Staten Island estate planning attorneys can give plenty of reasons why everyone should have an estate plan. You’ve probably even heard of some of them. Yet something may still be keeping you from taking action and getting...
Commercial Real Estate Market Thrives in NYC
Sixteen years after New York City and the rest of the nation experienced the horrors of 9/11, the New York City commercial real estate market has rebounded and then some. The latest market statistics show over 2.75 million square feet of commercial space...
Staten Island Real Estate Investment Property Market Explodes
Staten Island commercial real estate is on fire – – not literally, just in a good way. We knew things were booming, but now we have the numbers to prove it.
And the numbers don't lie. The figures surrounding the real...
What You Need to Know Before Agreeing to a Lease-Purchase
Qualifying for a mortgage requires strong credit and sufficient income. Many Americans find themselves unable to obtain a traditional mortgage due to a lack of credit, a negative payment history, or not enough income. For those individuals that do not qualify for...