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Katherine M. Morgan, Esq. Named Partner at Holm & O’Hara LLP

As of January 1, 2021, Katherine M. Morgan, Esq., has been promoted to Partner in Holm & O’Hara LLP’s Labor and Employment practice. Ms. Morgan has been with the firm since 2014 and has been an integral part of our team supporting organized labor, collectively bargained benefit plans and select employers. In this brief interview, […]

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Cathleen Bahan Consulting

Estate Administration I:  Stepping Up – Preparing Your Estate

When constructing an estate plan, most people think primarily about who is going to get what.  Fewer people thoroughly consider who is going to make sure that those wishes for distribution are efficiently carried out in a way that does not impose unnecessary costs on the estate.  In Part I of our conversation on estate […]

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Cathleen Bahan Consulting

Trust & Estates Update – Spring 2020

COVID-19 Introduces New Challenges – and Some Opportunities: The COVID-19 pandemic introduced many financial and economic challenges for individuals and families at all income and asset levels.  Deep uncertainty makes careful planning and document management more essential than ever.  At the same time, the still-transforming legal and regulatory landscape may provide new possibilities for strategic planning. This update contains short summaries of changes in the law, tips on best practices, and overviews of potential tax saving strategies.

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Cathleen Bahan Consulting

Release: Holm & O’Hara LLP Launches Urgentplanning.com

FOR IMMEDIATE RELEASE April 2, 2020 Urgentplanning.com offers new way to access critical legal services, quickly, during difficult times www.urgentplanning.com To meet increased requests for rapid-response legal services, midtown Manhattan law firm Holm & O’Hara LLP has launched urgentplanning.com.  The site utilizes cutting-edge technology to connect prospective clients and their families with the firm’s dedicated […]

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Cathleen Bahan Consulting

In-Secure:  New Law Has Profound Impact on Inherited Retirement Accounts

If you are like most people, a significant amount of your net worth is probably tied up in retirement accounts.  Traditional IRAs and 401(k) plans offer a great avenue for pre-tax assets to grow and then be taxed later, usually at a much lower rate when you are past your peak earning years.  Roth IRAs, […]

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Cathleen Bahan Consulting

Trusts 101: Essentials for Everyone

Should you consider implementing a trust as part of your financial and estate planning? Many people are uncertain about what a trust is or how it can help them manage their affairs. Those who do not necessarily view themselves as wealthy may be especially hesitant to consider incorporating a trust into their overall planning. A […]

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Cathleen Bahan Consulting

Is It Time to Sell Your Multifamily Investment Property?

Multifamily buildings have long been a favored vehicle for commercial property investors. They historically produce reliable income and consistently increase in value over time. This in turn means that they retain value in a variety of market conditions and may even rapidly increase in value in some circumstances. Financing is typically readily available on favorable […]

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Cathleen Bahan Consulting

Investing in TRIPLE NET (“NNN”) Leased Properties:  An Overview

Investors interested in commercial rental property will find occupied properties have widely varying lease terms, with differing obligations for both the landlord and the tenants.  Some tenants merely pay a fixed rental payment and are not responsible for any property taxes or maintenance costs.  Other tenants will pay some or all the property taxes in […]

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Cathleen Bahan Consulting

Some Potential Good News for Investors in New York’s New Rent Laws

On June 14, 2019, Governor Cuomo signed into law the Housing Stability and Tenant Protection Act of 2019 (S.B. 6458) (“HSTPA”), which reinforces and fundamentally changes the landlord tenant law surrounding rental properties – especially rent stabilized apartments – throughout New York State, making it very difficult to either remove apartments from regulation or to […]

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Cathleen Bahan Consulting

What happens if I die in New York State without a Will?

If a person dies without a will (“intestacy”) in New York State, what happens to their estate is determined by two things:

  • The nature of their assets
  • The composition of their family

Some property passes automatically to specific heirs, regardless of whether or not a will is in place:

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Cathleen Bahan Consulting

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