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When Buying a Home, Is a Survey Required?

Posted on: June 30th, 2017 by
June 30th, 2017 / Rita Rich / Comments Off on When Buying a Home, Is a Survey Required?
  Some banks no longer require a survey of residential property being funded, making the need for a survey a decision for the homebuyer. Unless there is an existing survey provided by the seller that can be appropriately updated, the buyer’s attorney will recommend that a licensed surveyor be engaged Read more

The Cost of Elder Care: Options at a Glance

Posted on: June 15th, 2017 by
June 15th, 2017 / Austin DuBois / Comments Off on The Cost of Elder Care: Options at a Glance
  Proactively addressing the care you may require as you age is critically important. The results of failing to plan cannot only be financially devastating and result in a lack of proper day-to-day care for yourself, it can also cause significant stress on your family and even separation from your Read more

Who Pays the Estate Tax? Lessons From Tom Clancy’s Estate

Posted on: December 20th, 2016 by
December 20th, 2016 / Richard Shapiro / Comments Off on Who Pays the Estate Tax? Lessons From Tom Clancy’s Estate
When novelist Tom Clancy died in 2013, he left an estate valued at approximately $86 million. While he had significant wealth at the time of his death, like many other people, Clancy also left behind a “blended” family. Clancy had four children (hereafter the “older children”) with his first wife, Read more

Is Your Insurance Agent Liable if You Have Improper or Insufficient Insurance Coverage?

Posted on: December 2nd, 2016 by
December 2nd, 2016 / Gardiner Barone / Comments Off on Is Your Insurance Agent Liable if You Have Improper or Insufficient Insurance Coverage?
You buy insurance coverage with the hope that you never need to use it. When you do need to use it, you don’t want to hear that the insurance coverage doesn’t cover the claim, or that you have insufficient coverage to fully cover the loss. In short, you don’t want Read more

Domestic Asset Protection Trusts v. Prenuptial Agreements

Posted on: October 14th, 2016 by
October 14th, 2016 / Richard Shapiro / Comments Off on Domestic Asset Protection Trusts v. Prenuptial Agreements
With RANDALL H. BORKUS, JD and JAMES W. COLLINS, JD Originally published in WealthCounsel Quarterly Divorce is an unfortunate reality these days as 40% – 50% of first marriages and 60% of second marriages end in divorce.¹ Without appropriate planning, a spouse seeking divorce will likely be entitled to an equitable portion of Read more

The Seller’s Concession

Posted on: September 20th, 2016 by
September 20th, 2016 / Jeanine Wadeson / Comments Off on The Seller’s Concession
The proliferation of real estate programs on television networks such as HGTV has led to a relatively new phenomenon in New York real estate practice: when negotiating contracts with their realtor or attorney, home buyers will often ask: “How much will the seller contribute toward our closing costs?” In reality, sellers rarely contribute Read more

Corporations: The Basics

Posted on: September 10th, 2016 by
September 10th, 2016 / Megan Conroy / Comments Off on Corporations: The Basics
One of the oldest and most widely utilized business entities is the corporation. Treated much like an individual under the law, corporations have legal rights and responsibilities separate and distinct from the shareholders, directors, and officers that own and operate the business. As a general rule, these individuals cannot be held personally liable to Read more

What Are Guardianships, And Why Do You Want To Avoid Them?

Posted on: September 2nd, 2016 by
September 2nd, 2016 / Austin DuBois / Comments Off on What Are Guardianships, And Why Do You Want To Avoid Them?
Protecting assets from depletion due to the high cost of long-term care requires detailed knowledge of the law and experience handling those types of cases. However, as long as you have an attorney with that skill set, it is relatively “easy” on the client. When a client has moderate to advanced dementia and Read more

Confidences Between You And Your Lawyer

Posted on: August 19th, 2016 by
August 19th, 2016 / Rita Rich / Comments Off on Confidences Between You And Your Lawyer
This article provides an overview of the duty of confidentiality between a lawyer and his or her client. It does not deal with attorney-client privilege applicable to a lawyer’s or his or her client’s testimony, and/or the lawyer’s compulsory production of client information or evidence, for a governmental or judicial Read more

Get It In Writing!

Posted on: August 11th, 2016 by
August 11th, 2016 / Brian Newman / Comments Off on Get It In Writing!
A recurring feature of our daily lives is the contract. The word conjures up thoughts of a formal agreement between business persons, but in fact we enter into them every day. This is because routine acts such as buying groceries, purchasing tickets to a concert, or promising to help a Read more
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