COMMUNITY INVOLVEMENT | By: Jesse Frost | December 4, 2024
Summary: The IRS has announced that in 2025, the Lifetime Estate and Gift Tax Exemption (the “Lifetime Exemption”) will rise to $13,990,000 (from $13,610,000); the Annual Gift Exclusion will rise to $19,000 (from $18,000) and the Annual Gift Exemption for gifts to...COMMUNITY INVOLVEMENT | October 30, 2024
Associate Attorney MaryKate Brigham led the TLSKDQ Team in the annual Alzheimer’s Association’s #Walk2EndAlz on the North Fork on September 28 and the Suffolk County Farm in Yaphank on October 19. Walk to End Alzheimer’s is the world’s largest event to raise awareness...COMMUNITY INVOLVEMENT | September 25, 2024
Bernadette E. Tuthill, Partner, is the VP of the North Fork Breast Health Coalition and Co-Chair of the annual 5K Walk for Breast Cancer Awareness to raise funds for the Coalition’s programs. This includes grants, free services and products for breast cancer survivors...INSIGHTS | By: Jesse Frost | July 23, 2024
At a Glance: On July 18, 2024, the IRS issued final regulations regarding required minimum distributions (RMDs) from retirement accounts and proposed regulations that provide additional guidance under the SECURE 2.0 Act. Final Regulations: Beneficiaries generally must...COMMUNITY INVOLVEMENT | July 18, 2024
The law firm of Twomey, Latham, Shea, Kelley, Dubin & Quartararo, LLP has announced that Jesse Frost has joined the Firm as Associate Attorney. He concentrates his practice in trusts and estates, counseling individuals and their families throughout the process of...INSIGHTS | By: Bernadette E. Tuthill | June 20, 2024
***PROPERTY SCAM ALERT*** Local Police Departments are warning real estate agencies, realtors, brokers, attorneys, and property owners about a significant increase in reports of attempted real estate fraud. The typical scenario is that someone claiming to be the legal...INSIGHTS | By: May Theobalt | April 22, 2024
What is a trust? Often time people think that trusts are reserved for the ultra-wealthy only. For many of us the word “trust” makes us think of trust fund kids who have seemingly won the genetic lottery. However, a trust can serve many different purposes and are,...INSIGHTS | By: May Theobalt | August 11, 2022
One of the primary questions people have about trusts is, what is the difference between an irrevocable trust and a revocable trust (sometimes called a “living trust”)? The surface level answer, not to be flippant, is one is revocable, and one is not revocable, or in...INSIGHTS | By: Christopher D. Kelley | October 15, 2021
In a landmark decision from the Appellate Division Second Department, Partner, Christopher Kelley achieved a winning result for our client establishing in a case of first impression who really is a “stranger” when considering the “Stranger To The Deed rule.” The...COMMUNITY INVOLVEMENT | October 5, 2021
Bernadette Tuthill, Partner, is the VP of the North Fork Breast Health Coalition and a Co-Chair of the annual 5K Walk For Breast Cancer Awareness to raise funds for the Coalition’s programs, including grants, and free services and products for breast cancer survivors...COMMUNITY INVOLVEMENT | September 19, 2021
Partner Bernadette E. Tuthill is Vice President of the North Fork Breast Health Coalition (NFBHC) and Co-Chair of the organization’s 23rd Anniversary 5K Walk for Breast Cancer Awareness to raise money to support the services provided by the NFBHC to residents of the...INSIGHTS | By: | May 14, 2021
Most people should have a will, but it’s rarely the most significant estate planning document an individual holds. Many of a typical household’s assets, such as retirement accounts, can be transferred outside of a will by naming beneficiaries, and...Twomey Latham has enjoyed a steady rate of growth since it was established in 1973.
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