News

Informative. Intelligible. Proactive.

We educate our clients about how various aspects of the law can present them with both challenges and opportunities. Here we offer various informational pieces prepared by the firm and links to other items of interest, as well as occasional firm news. Material provided here is for informational purposes only and is not intended to substitute for actual legal advice.

 


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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Holm & O'Hara LLP New York Attorneys

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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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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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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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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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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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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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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The Hidden Perils of Open Permits

by Valeria A. Kozhich Most people know that a permit is required whenever any non-cosmetic improvement or alteration is made to a property. It’s less common knowledge that permits also need to be closed when the work is completed. Open permits—like open violations—can pose difficulties when a property is being sold or when further improvements […]

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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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