News & Insights

Prenuptial Agreements and Estate Planning

INSIGHTS | By: | October 16, 2019

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...

The New Tax Math for People Living in High-Tax States

NEWS | September 13, 2019

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...

Florida Estate Administration

INSIGHTS | By: | July 30, 2019

I have written articles in the past pertaining to Florida estate and tax planning, “Estate Planning for Snowbirds” and “Domicile: A State Tax Consideration for Snowbirds” but what happens when a someone dies owning property Florida? The simple answer, is that, as in...

Domicile: A State Tax Consideration for Snowbirds

INSIGHTS | By: | November 2, 2018

In my last article, “Estate Planning for Snowbirds,” I briefly mentioned that for people who divide their time between New York and Florida, an important question is domicile or in which state you are considered a resident. In this article, I will address the tax...

New Legislation for the Town and Village of Southampton

INSIGHTS | By: | April 23, 2018

As of December 31, 2022 the Town of Southampton will discontinue its partial real property tax exemption program which is now available to eligible first-time home buyers of newly constructed or substantially altered and renovated homes. Town Code Section 298-36...

What You Need To Know About The New Tax Law

INSIGHTS | By: | January 23, 2018

HIGHLIGHTS OF THE TAX CUTS AND JOBS ACT The Tax Cuts and Jobs Act (the “Act”), signed into law on December 22, 2017, provides substantial (but mostly temporary) changes to the tax code. This article is a summarized review and discussion of the key provisions of the...

Lorraine Paceleo Joins The Firm

NEWS | April 24, 2017

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...

Daniel Bernard Earns LL.M. In Taxation

NEWS | April 5, 2017

Twomey, Latham, Shea, Kelley, Dubin & Quartararo is pleased to announce that Daniel Bernard has earned his Master of Laws in Taxation from New York University School of Law. Daniel Bernard is a tax attorney who focuses his practice in the areas of estate planning,...