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.
Like everything else in the current global economy, investing in real estate is not quite as straightforward as it used to be. Urban multifamily buildings, once almost exclusively the domain of smaller, family-owned concerns, are increasingly sought by larger – even corporate – investors. The stresses of dealing with unpredictable operating expenses and even less […]
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As one year closes and another begins, it is useful to evaluate your current state of affairs in light of your future goals and aspirations. Estate planning is an integral part of financial planning that prepares you and your family for an uncertain future in the context of your wishes for your legacy. Click here […]
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Many real estate investors are making NNN properties their vehicle of choice for a wide range of reasons, including reduced management responsibilities and significantly lower operating costs. Our NNN overview provides a guide to determining whether NNN properties are right for you, along with some tips for selecting property. We include 5 case studies (drawn […]
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A proposed new IRS regulation could eliminate the tax advantages of transferring interest in family-owned businesses to family members. Under current rules, interest in family business may be transferred to family members at a discount. The specific amount of the discount varies depending upon a number of factors including restrictions in the partnership agreement and […]
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Introduction Many financial planners suggest people create a “rainy day” fund to handle unexpected cash needs that come up, like a car repair or an unexpected increase in a child’s after-school activity. But many people do not realize that having this type of liquid fund is an important part of estate planning, too. As people […]
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In spite of recent news reports showing that IRC §1031 is under attack (see our last update and a subsequent New York Times article), the §1031 like-kind exchange remains a popular and viable strategy for deferring the entirety or a portion of capital gains taxes that would be due upon the sale of appreciated value of certain classes of […]
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As one year has closed and another begun, it can be very useful to evaluate your current state of affairs in light of your goals and aspirations for the future. Estate planning is an integral part of financial planning that can prepare you and your family for an uncertain future in the context of your […]
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Non-U.S. Taxpayers who sell U.S. real estate holdings may be subject to withholding of 15% of the gross sales proceeds beginning February 16, 2016 under a provision of the “Protecting Americans from Tax Hikes Act of 2015.” Previously 10% withholding was required for transactions over $300,000. The new law requires 15% withholding on most transactions, […]
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Nobody wants to think about the end of life, but everyone experiences it. Having a solid estate plan in place before you get to that point can give you peace of mind that your wishes will be honored, both for your own end of life care and for distribution of your property after your passing. […]
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Real estate is the vehicle of choice for many investors — a tangible asset that typically provides regular, reliable income and can appreciate significantly over time. An IRC §1031 Like-Kind Exchange allows for an investment property to be sold and the proceeds reinvested in other investment property. This brochure (the third in our series on […]
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