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The Estate Analysts of Western New York is a local organization in Buffalo, NY of professional estate planners focused on furthering the education of our members and the public in estate planning. Find a local estate planner or learn more about how to become an accredited estate planner (AEP) in Buffalo, NY.
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You know how much you paid for the property. it’s now a business deal, and you should look at it that way,” says Gary Malin, president of Citi Habitats, a real estate brokerage in New York City.
Options for Holding Title to Real Estate for Estate Planning Purposes. Tenants In Common – If two non-married parties buy a piece of real estate together, the default rule is that they own the property as "tenants in common." Unlike a joint tenancy with a right of survivorship, with a tenancy in common, when one owner dies,
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In a residency audit, an auditor will focus on a number of factors, including where you spend your time (days in New York, days in your new state, and elsewhere), the number of residences you own, their respective values, and where you claim a "homestead" exemption for property tax purposes.
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Experienced Estate Planning Lawyers Providing the Highest Level of Elder Law Representation Throughout Western New York. Most Buffalo residents need estate planning for the management and preservation of your assets. Estate planning can reduce or eliminate estate and gift taxes as well as eliminate probate and estate administration expenses. It is extremely important to have a team of Buffalo estate planning attorneys working with you.
The past several months were an active time in the implementation of the new partnership audit regime, created under the Bipartisan Budget Act of 2015. 2018 is the first tax year to. can even.