Blog

So You Are Being Deposed…

Hopefully you never find yourself a party to a civil lawsuit, be it as a defendant or as a plaintiff, as such matters can be stressful, time-consuming and costly. There are of course occasions where lawsuits are unavoidable such as when you served with a summons and named as a defendant. On the other side…

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Another Reason to Move South – Creditor Protection of Retirement Plan Benefits for Floridians

In the fall of 2014, my colleague Betsy wrote an informative blog regarding a recent U.S. Supreme Court decision that held that under federal law, an IRA that is inherited by an individual (i.e. the beneficiary) is not protected in bankruptcy.

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Vacation Home Owners – The Tale of Two Estates

While over 19 million Americans call New York State home, countless other non-residents own second homes in the state. Similarly, over 19 million Americans call Florida home but many non-resident retirees and snowbirds own vacation homes in the state to enjoy the warmer climate in the winter months. The Problem Whether you own a second…

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Florida Residency and the Often Overlooked New York STAR Exemption

If you are a homeowner in New York State, you are undoubtedly aware of the Basic STAR Exemption Program, which provides you with a real property tax break. Perhaps now you are retired and have moved to Florida (or some other warmer state) or are thinking about moving to Florida while keeping your former New…

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Save Your Estate Some Taxes: Start Gifting Now

Countless individuals make gifts to charity every year not only to support their favorite philanthropic causes but to also take advantage of tax savings in the form of a deduction on their 1040 income tax return. As you may be well aware from conversations with your accountant or tax preparer, there is no similar income…

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