Hamilton was Right…IDAs are Catalyst for Private Sector Growth!
Hamilton was Right…IDAs are Catalyst for Private Sector Growth! By Nicholas T. Terzulli, Senior Counsel Economic Development & Tax Incentives Law – Practice Co-Chair The father of the American banking system is also the father of economic development (too bad this part of Hamilton’s legacy did not make it into the musical!). To maximize economic […]
NDAs: 10 Points & Questions to Consider Before the Deal
NDAs: 10 Points to Consider Before the Deal August 28, 2023 | By Myron B. Rabij, Partner Corporate & Securities Law Practice A non-disclosure agreement (NDA) is often the first legal document signed by parties intending to proceed with a transaction. It is generally perceived as a plain vanilla standard form document that should be […]
5 Things to Know About “Reasonable Accommodations” for Pets in Co-ops & Condos
5 Things to Know About “Reasonable Accommodations” for Pets in Co-ops & Condos By Ian J. Brandt, Partner & Practice Chair CO-OP & CONDOMINIUM LAW PRACTICE If you’re on a co-op board of a building that doesn’t allow pets, what questions can board members ask tenants regarding pet requests, and what “reasonable accommodations” are you […]
The Separate Car Act: A 19th Century Civil Rights Case Worth Revisiting
The Separate Car Act: A 19th Century Civil Rights Case Worth Revisiting By Alexander P. McBride, Senior Counsel COMMERCIAL LITIGATION LAW PRACTICE What did the ins and outs of the 19th-century U.S. Supreme Court decision, Plessy v. Ferguson, the rationale for Jim Crow racial segregation laws, teach us? Homer Plessy was seven-eighths White and one-eighth […]
6 Key Questions to Ask if Your Assets Are Over the Estate Tax Limit!
6 Key Questions to Ask if Your Assets Are Over the Estate Tax Limit! By Stefan Dunkelgrun, Partner TRUSTS & ESTATES LAW PRACTICE Death taxes are essentially a punishment for being successful. Working for your whole life to build a legacy, only for the government to take a portion when you pass away. 1. DOES […]
Leaks & Water Damage in Co-ops: 4 Questions to Determine Who is Responsible for Repairs
Leaks & Water Damage in Co-ops: 4 Questions to Determine Who is Responsible for Repairs By Ian J. Brandt Partner & Practice Chair Co-op & Condominium Law Practice 1. If a Leak Destroys an Apartment, is a Co-Op Board Responsible for the Repairs? In the event of a fire, water, or other damage, almost every proprietary […]
What Are 5 Ways to Defer Taxes on Highly Appreciated Real Estate?
What Are 5 Ways to Defer Taxes on Highly Appreciated Real Estate? By Stefan Dunkelgrun, Partner Trusts & Estates Law Practice Recently, home prices have been increasing and many people believe now is the time to cash in on the value of their home. Whether it’s downsizing and taking the difference or selling a second home […]
O Visas: A Quick & Easy Guide for Individuals with Extraordinary Ability in their Field
O Visas: A Quick & Easy Guide for Individuals with Extraordinary Ability in their Field June 22, 2023 | By Joseph Asir, Practice Chair Immigration Law Practice The United States has a variety of Visa options for individuals seeking to come to the country for work-related purposes. One such option is the O Visa, designed […]
Unsure of Stepped-Up Basis? Here is a 5-Point Primer
Unsure of Stepped-Up Basis? Here is a 5-Point Primer By Stefan Dunkelgrun, Partner Trusts & Estates Law Practice Stepped-up basis is a tax law that applies to estate transfers when a person receives an asset from a giver after a benefactor passes away. In those circumstances, the asset receives a “stepped-up” basis – which is the […]
What Are 7 Things You Should Have in a Construction Period License?
What 7 Things You Should Have in a Construction Period License? May 25, 2023 | By William P. Walzer, Partner Real Estate Law Practice | Commercial Banking & Finance Law Section 3309 of the NYC Building Code requires property owners planning construction to safeguard neighboring properties from damage and protect persons from injury. Neighboring property […]