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COMMUNITY INVOLVEMENT

Updates and achievements regarding the firm and our partners, as well as observations and analysis on the laws and legislation affecting our community.

No Need to Fear a Federal Claw Back

No Need to Fear a Federal Claw Back

In December 2017 President Donald J. Trump signed into law the Tax Cuts and Jobs Act (the “TCJA”). Among other provisions, the TCJA doubled the federal estate and gift tax exemption amount from $5 million to $10 million, adjusted for inflation. For example, for 2020...

Firm Acquires Birtwhistle & Gibson, P.C.

Firm Acquires Birtwhistle & Gibson, P.C.

On January 1, 2020, the firm completed its acquisition of Birtwhistle & Gibson, P.C., a 40-year-old law firm based in Bridgehampton. The acquisition allows Birtwhistle & Gibson’s clients to continue to be served by Twomey Latham in many diverse practice areas,...

What is QPRT?

What is QPRT?

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...

New York 2020 Employment Updates

New York 2020 Employment Updates

A series of new laws in New York are set to impact employers and workers across the state in 2020. New York Labor Law §203-e On November 8, 2019 Governor Andrew Cuomo signed legislation that protects employees against discrimination on the basis of their reproductive...

Dying Without A Will:  Where Will My Things Go?

Dying Without A Will: Where Will My Things Go?

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...

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