Often times when I meet with clients one of their primary goals of implementing an estate plan is to avoid the “death tax.” I will share with you the same two pieces of good news I share with those clients. First, we do not have a “death tax” in the United States. It...
INSIGHTS
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 Awards Riverhead High School Senior With Community Service Scholarship
On June 17, the 2020 Twomey Latham, Shea, Kelley, Dubin & Quartararo, LLP Community Service Scholarship recipient was announced during Riverhead High School’s virtual Awards Ceremony. This year’s winner was Elizabeth Buckley. Elizabeth had overcome a great...
Twomey Latham Community Service Scholarship Awarded to East Hampton High School Seniors
On Thursday, May 28 the 2020 Twomey, Latham, Shea, Kelley, Dubin and Quartararo LLP Community Service Scholarship recipients were announced during East Hampton High School’s virtual Awards Ceremony. The year’s winners are Alfredo Chavez Jr. and Samantha Totten.
Peter M. Mott Explains Whether Couples Should Get a Prenup
Peter M. Mott, a partner with the firm, was interviewed by U.S. News & World Report for a story on whether couples who are thinking of getting married should sign a prenuptial agreement. Mr. Mott said a prenuptial agreement helps protect the spouses’ assets,...
Kathryn Dalli Asked by Best Company Whether People Should Borrow Money to Pay Taxes
Kathryn Dalli, a partner with the Firm, was interviewed by Best Company for an article on whether people should take out a loan to pay off their taxes. Ms. Dalli said, if someone owes less than $50,000, they may work out an agreement with the IRS to come up with an...
Christopher Kelley, Esq. Comments on Coronavirus’ Effect on the Real Estate Market
Christopher Kelley, Senior Partner, Twomey, Latham, Shea, Kelley, Dubin & Quartararo, LLP, says the coronavirus pandemic has had a tremendous impact on all aspects of the real estate market — from sales to closings to mortgage payments. One way the real estate...
Drones & the Construction Industry
Joan Morgan McGivern Joins the Firm as Of Counsel
Twomey, Latham, Shea, Kelley, Dubin & Quartararo, LLP has announced that Joan Morgan McGivern has joined the firm as Of Counsel. Ms. McGivern concentrates her practice in real estate, zoning and land use, business and corporate law and civil litigation. Ms....
Kathryn Dalli Named as LIBN’s “Who’s Who in Intellectual Property & Labor Law
Kathryn Dalli, a partner with the firm, was featured in Long Island Business News’ special issue, “Who’s Who in Intellectual Property & Labor Law.” Ms. Dalli said that there will be a significant focus on trademarks for the cannabis industry going into 2020....
SECURE ACT – SETTING EVERY COMMUNITY UP FOR RETIREMENT ENHANCEMENT
2019 ended with President Trump signing a spending bill funding the federal government through Fiscal Year 2020. Included with the spending bill is the Setting Every Community Up for Retirement Enhancement (“SECURE”) Act. The SECURE Act enacts major changes to rules...
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.
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,...