Westhampton, NY
Residential real estate Lawyer at Westhampton, NY
Practice Areas: Residential, Land Use & Zoning
Transferring the home to a loved one is considered a gift. Currently, you can gift up to the federal estate and gift tax exemption amount of $12.06 million. The value of the home on the date of transf...
See Full GuideA lien is a legal claim against real property by a creditor of the property owner, recorded in the county clerk’s office. The lien remains on the property until the property owner pays off the debt. Wha...
See Full GuideWhen purchasing investment property, it is better not to own the property in your personal name. Both a Limited Liability Company (LLC) and a Corporation (Corp) offer creditor protection. They create...
See Full GuideWhen you buy a real estate with someone in New York State there are three ways you could take title: (i) as tenants in common; (ii) as joint tenants with rights of survivorship; or (iii) if married,...
See Full GuideCondominiums (“condos”) and housing co-operative (“co-ops”) seem very similar. Generally, both are apartments within a multi-unit building. The major difference lies in the ownership structure. Cond...
See Full GuideA Lady Bird Deed is a simplified method for passing on property that is akin to New York’s “life estate” deed in that it avoids the probate process. The History of Lady Bird Deeds Ever since the conce...
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