Twomey Latham donated gifts for the HeadStart children this year. The gifts were donated by members of the Firm, then packaged for delivery to children at their respective schools. In addition to the gifts for the children in HeadStart, the Firm donated money this...
HOW THE LATEST COVID-19 NEWS CAN AFFECT YOU
Updates and achievements regarding the firm and our partners, as well as observations and analysis on the laws and legislation affecting our community.
Twomey Latham Helps To Raise Funds By Taking The 2024 Polar Bear Plunge
On Saturday, December 14, 2024 members of Twomey Latham, along with family and friends, participated in the Polar Bear Plunge for Heart of the Hamptons at Coopers Beach in Southampton, NY. This was the 20th consecutive year the Firm participated in this fundraiser. ...
Texas Court Issues Nationwide Injunction Against Corporate Transparency Act, Halting Enforcement
In a major legal development, on December 3, 2024, Judge Amos L. Mazzant III of the United States District Court for the Eastern District of Texas issued a nationwide preliminary injunction blocking the enforcement of the Corporate Transparency Act (the “CTA”). This...
Federal Estate and Gift Tax Exemption and Annual Gift Tax Exclusion Will Rise to Highest Recorded Levels in 2025 due to Inflation
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...
Christina Russo Joins Twomey Latham as Associate Attorney
The law firm of Twomey, Latham, Shea, Kelley, Dubin & Quartararo, LLP (the “Firm”) has announced that Christina Russo has joined the Firm as Associate Attorney. Ms. Russo concentrates her practice in Elder Law, Estate Planning, Trust and Estate Administration....
Zachary Mike Joins Twomey Latham as Associate Attorney
The law firm of Twomey, Latham, Shea, Kelley, Dubin & Quartararo, LLP (the “Firm”) announced that Zachary Mike joined the Firm as Associate Attorney. He concentrates his practice in Business and Corporate Law. “I am very excited to join this prestigious Firm and its...
Attorney Jacqueline Hubbard and the Twomey Latham Firm Participate in the Inlet2Inlet Beach Clean-up
LIVE YOUR COR FOUNDATION and DANA BARRETT STRONG partnered to organize an annual beach cleanup honoring Cory Hubbard and Dana Barrett, promoting environmental preservation, community involvement, and charitable support. The event encourages teamwork and positive...
Annual Alzheimer’s Association’s #Walk2EndAlz
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...
Bernadette Tuthill, Twomey Partner & VP of North Fork Breast Health Coalition Helps Raise Breast Cancer Awareness in Annual 5K Walk
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...
The FinCEN Beneficial Ownership Information (“BOI”) Report
The Corporate Transparency Act (the “Act”) requires companies to complete a new form (“BOI Report”) with the Treasury Department’s Finance Crimes Enforcement Network (“FinCEN”), unless certain exemptions apply. Companies that must complete the BOI Report typically...
IRS issues Final Regulations for Required Minimum Distributions from Retirement Accounts
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...
Jesse Frost Joins Twomey Latham as Associate Attorney
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...