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Real Estate Planning Blog

Thursday, February 15, 2018

Estate Planning Under the New Tax Code


How might the new federal tax law impact my estate plan?

The new tax bill went into effect on January 1, 2018.  Several major tax provisions will change under the tax reform bill and these alterations will have an impact on the field of estate planning as well as personal taxes. Now is the time to review your estate plan, if you currently have one, to ensure it still meets all of your needs under the new law. If


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Tuesday, February 13, 2018

Negotiating Your New Home


What should I offer for my new home?

Negotiating the purchase of a new home is an art.  As a buyer, when you fall in love with a home, your first instinct may be to offer full price.  However, jumping right to the list price, or even over, without any caveats may be selling yourself short.  Our


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Tuesday, January 30, 2018

NY Landlord Rights: Right to Access


When is it lawful for a landlord to enter rented property?

As a landlord, you have certain rights to enter your leased property.  Being able to enter the home is critical when it comes to making repairs and inspecting the premises, but entry at just anytime is not permitted under New York law.  Landlords must comply with basic laws as to proper entry so that they do not infringe on the rights of the tenant.  Further, a landlord needs to understand what remedies he or she may seek if a tenant is refusing to allow entrance to the property.  Our


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Monday, January 29, 2018

Estate Planning Tips for Unmarried Couples


Why do I need an estate plan if I am not married?

More couples today are putting off marriage in favor of living together.  According to the latest Census data, the number of couples living together out of wedlock has increased over 25 percent since 2000.  Many unmarried younger adults without children may believe that having an estate plan is not necessary.  However, not being married can actually lead to complex issues should one of the partners pass away or become gravely ill.  Unmarried partners can protect themselves by reviewing the estate planning tips below and contacting


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Thursday, January 25, 2018

The Top Estate Planning Strategies Explained


How can I ensure my assets stay in the family after my death?

Estate planning is essential for people of all ages and income levels.  Without an estate plan in place, your assets could go towards taxes and may be passed to heirs that you would not have selected.  While the federal estate tax limit is high for individuals and couples, states often have lower limits and other fees related to probate can be costly.  Our


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Tuesday, January 23, 2018

Doctors Troubled Over Man’s ‘Do Not Resuscitate’ Tattoo


How can I make my end of life wishes clear?

One man’s tattoo recently left a team of Miami doctors with a confusing ethical dilemma.  A 70-year-old man was taken to a Miami hospital, where doctors discovered that he had a large chest tattoo that stated “Do Not Resuscitate.”  The tattoo seemed to convey the man’s end of life wishes, but doctors were puzzled over whether the message should be honored.  The New England Journal of Medicine recently explored this interesting case. 


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Tuesday, December 19, 2017

The Housing Market Could Be Affected by New Tax Bill


Will home prices drop in New York if the GOP tax bill passes?

As the tax reform bill pushes towards passage, many people across America are concerned with how the new tax plan may impact their lives and finances.  One of the top questions is how the controversial bill will affect the housing market.  Recently, the National Association of Realtors (NAR) issued a warning that adoption of the new bill will cause housing prices to drop nationwide.  Our Staten Island, New York real estate planning lawyers discuss what changes you could anticipate seeing in the real estate market in the coming years and how you can take advantage of them.

Proposed Tax Bill Limits Homeowner Related Deductions 

The tax bill as it is currently written contains several provisions that reduce or eliminate deductions commonly used by home owners.


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Friday, December 15, 2017

Don’t Forget the Intangibles in Your Estate Plan


How can I bring my loved one’s comfort with my estate plan?

Estate planning usually revolves around the ever important transference of your assets to your spouse, children, and other loved ones.  It is critically important that you prepare your estate to eventually be passed down to your heirs.  Without such planning, your hard earned assets may be subject to extreme taxation, delays, and could potentially not go to the individuals you would have selected.


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Wednesday, December 13, 2017

Landlord-Tenant Disputes: Nonpayment of Rent


What are my legal rights if my tenant has not paid rent for the month?

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 rent is a certain number of days past due.  Dealing with tenants that are delinquent on their rent can be complex.  Landlords will want to consult with a


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Friday, December 8, 2017

1 Roma Court Bidding War WINNERS With THRG

Author: D.J. Ten Hoeve
12/7/2017
Article Link

Never make a final offer that ends in 000. 

"High School sweethearts and first-time homebuyers move in to 1 Roma Court”…it sounds like a fictitious headline for a Realtors Facebook page. Well in this case it’s true. Rich Denora and Erika Martoni are the new owners of 1 Roma Court in Lincroft, and what an awesome street to welcome them!

Roma Court, located a few blocks off the Garden State Parkway is about as easy a commute to NYC as possible from Monmouth County with the Park ’n Ride at Exit 109 within walking distance. With 2 NJ State Troopers and 2 local police officers on the street, Roma Court is S.A.F.E (Safe And Friendly Environment). Better yet, 1 Roma was a clean, renovated, relatively move-in-ready home on this wonderful street.



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Friday, December 8, 2017

N.Y. Raises the Estate Tax Exclusion


How can I avoid the estate tax?

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 aware of several important exceptions to the basic estate tax exclusion.


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