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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.
In the age of the internet, with a vast amount of knowledge a few keystrokes away at all times, we are in an unprecedented era of Do It Yourself. We are fortunate enough to live in a world where you can watch a YouTube video to learn how to play guitar or fix your sink, […]
In my last article I wrote about the numerous reasons estate planning is important outside of estate tax planning, in light of the recent doubling of the federal estate tax exemption as part of the Tax Cuts and Jobs Act. This article is devoted to the other end of the spectrum, the new opportunities for […]
For a large majority of Americans, the recent doubling of the federal estate tax exemption from $5 million to $10 million, adjusted for inflation annually, in the Tax Cuts and Jobs Act, will have no effect on their estate. It is important, however, to remember there are numerous reasons for estate planning outside of estate […]
Trust Beneficiaries are Entitled to Yearly Trust Reports and Other Information Trust reports should be mailed out annually to the beneficiaries and should indicate the Trust’s income and expenses, including commissions paid. If, upon request, the trustee fails to send out at least one annual report and refuses to do so, the beneficiaries have the right […]
Mr. Russell focuses his practice in the areas of estate planning, trust and estate administration, and elder law. Mr. Russell is graduate of St. John’s University School of Law, where he was a member of the Moot Court Honor Society and the Journal of Civil Rights and Economic Development. After his graduation and admission to […]
On November 10th, Associate Bernadette Tuthill took part in an Estate Planning panel discussion for The New York State Society of CPAs, Suffolk East End Committee.
Floyd Bennet Field, Brooklyn, New York Senior Litigation Associate Craig H. Handler recently participated in a Legal Support Operation for deploying Marines assigned to the 6th Communications Battalion, Force Headquarters Group, Fleet Marine Force, U.S. Marine Corps Reserve. Mr. Handler, a Judge Advocate assigned to the 7th Legal Support Detachment, 88th Brigade of the New […]
Twomey, Latham, Shea, Kelley, Dubin & Quartararo is pleased to announce the addition of Lorraine Paceleo as an associate. Ms. Paceleo has been practicing law in New York since 1999, after graduating from St. John’s University School of Law. Lorraine is also a Certified Public Accountant and concentrates her practice in estate administration, fiduciary accountings, tax preparation […]
Preparing for a military deployment is extremely stressful. Your mind will be focused on dozens of things, including your training, your equipment, the mission and the safety of your fellow brothers and sisters in arms. You will most likely want to dedicate your remaining time at home with loved ones and friends. As such, there […]
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