Holm & O’Hara LLP is pleased to announce that effective July 1, 2022 Steven E. Glass, Esq., has been made partner in the firm. Mr. Glass, who has been with the firm since 2017, focuses his practice on various trusts and estates matters, including estate planning and estate administration. He also handles residential real estate transactions and […]
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Michael L. Landsman has published his book, Key Strategies for Real Estate Investors: A Practical Guide to Investment Real Estate, an accessible, illustrated 240-page guide for real estate investors, as well as for anyone interested in or working in the real estate industry. For additional information, please visit www.ksreibook.com.
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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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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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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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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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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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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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If a person dies without a will (“intestacy”) in New York State, what happens to their estate is determined by two things:
Some property passes automatically to specific heirs, regardless of whether or not a will is in place:
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New York’s Housing Stability and Tenant Protection Act of 2019 was signed into law on June 14, 2019. Real estate experts, investors, attorneys and pundits are still trying to make sense of what it means for New York’s rental real estate market. In this second article on the law’s impact on investors in multifamily properties, […]
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