Call Us: 631-727-2180
Twomey Latham’s practice ranges from routine wills to sophisticated estate and tax planning. A significant portion of our practice is devoted to the preparation of wills, trusts, durable powers of attorney, and other estate-planning documents.
The firm’s estate planning attorneys have extensive experience in the administration of probate and trust estates, the preparation of required income, estate, gift, and inheritance tax returns, and the administration of guardianships.
An individual’s estate plan often calls for more than a traditional will or trust. Our attorneys seek to address the client’s long-term objectives and circumstances in structuring a tax-efficient estate plan. We routinely advise clients on the selection and implementation of planning tools such as revocable living trusts, life insurance trusts, irrevocable trusts, gifting programs, family limited partnerships, deferred compensation arrangements, gift and estate tax planning for retirement benefits, and charitable planning. We also advise and implement succession plans for the transition of families and closely held businesses.
Our Long Island estate planning lawyers focus on providing clients in-depth knowledge of our diverse range of practice areas.
Twomey, Latham, Shea, Kelley, Dubin & Quartararo, LLP has announced that Bryan Drago has been elevated to Partner. Mr. Drago’s legal practice focuses on estate planning, taxation, charitable giving and tax-exempt organizations, business succession planning, as well as elder law and long-term care planning. His taxation practice has also included handling multiple disclosures of unreported […]
Fans of the Showtime series “Billions” may recall seeing in episode four of season five, aptly entitled “Opportunity Zone”, the show’s protagonist, Bobby “Axe” Axelrod, do battle with season five’s new nemesis, Michael Prince, over the chance to invest in an Opportunity Zone in Axe’s hometown of Yonkers. Why would two fictional billionaires compete for […]
Often times when I meet with clients one of their primary goals of implementing an estate plan is to avoid the “death tax.” I will share with you the same two pieces of good news I share with those clients. First, we do not have a “death tax” in the United States. It is true […]
It is not uncommon for someone to transfer their personal residence into a trust. Many people may be familiar with the concept of transferring their personal residence to an irrevocable Medicaid type trust, in order to begin the clock ticking on the five year look back period for transfers for Medicaid eligibility purposes. In other […]
The week of October 21-28, 2019 is National Estate Planning Awareness Week. The purpose of National Estate Planning Awareness Week is to educate the public about the importance of estate planning. So, in that regard, this article will address what happens when someone dies without a Will. Even if you have never sat down […]
On Saturday, October 19th, John Shea, Senior Partner, and Bernadette Tuthill, an Associate with the Firm’s Trust and Estate Department, were joined by accountant Ron Farnworth, President of Kandell Farnworth & Pubins CPAs, for a panel presentation to members and donors of LongHouse Reserve in East Hampton. The presentation covered strategies for charitable giving as […]
A prenuptial agreement can conjure in people the thought of a wealthy person marrying a not so wealthy person, or celebrities marrying each other, or an older spouse marrying a younger spouse. Some people have a pessimistic outlook on prenuptial agreements, and see them as planning the divorce before the marriage happens. However, the purpose […]
“The Retreat’s LPGA Pro-Am held each fall is the only tournament on Long Island that includes LPGA Pros, NFL Players, and amateurs on one field,” explains Golf Chair & Retreat Board Member Steve Latham. “The generosity of these sports figures and willingness to take a stand against violence is admirable. Over the past few years […]
Daniel Bernard was quoted in a Wall Street Journal article in regard to people leaving states with high state and local taxes for states with low to no state and local tax states. Daniel was quoted as saying, “‘New York is very aggressive with residency audits. They can collect about $200 million a year this […]
33 West Second Street
Riverhead, NY 11901
20 Main Street
East Hampton, NY 11937
490 Wheeler Road
Hauppauge, NY 11788
200 North Sea Road, Suite A
Southampton, NY 11968
56340 Main Road
Southold, NY 11971