Senior Partner John Shea has been elected to the Board of Trustees of the historic Guild Hall Center for the Visual and Performing Arts in East Hampton. Mr. Shea has been a partner with the law firm for over 30 years. Earlier in his career, he served as Counsel to the...
News & Insights
Updates and achievements regarding the firm and our partners, as well as observations and analysis on the laws and legislation affecting our community.
Popular Estate Planning Tool May Now Be Subject to Tax
For years estate planning practitioners used a sale to an intentionally defective grantor trust (“IDGT”) to freeze the value of property from the taxable estate of a client. Although not codified in the Internal Revenue Code or regulations as an acceptable estate...
Twomey Latham Selected for 2015 New York Excellence Award
The US Commerce & Trade Research Institute (USCTRI) has selected Twomey Latham for the 2015 New York Excellence Award. According to USCTRI, Twomey Latham has consistently demonstrated a high regard for upholding business ethics and company values. This recognition...
Stephen Latham Appointed to Board of The Retreat
The Retreat, eastern Long Island’s only comprehensive domestic violence services agency, has appointed Senior Partner Stephen Latham to the Board of Directors. Mr. Latham is also Counsel to The Retreat. His volunteer resume includes service at the East Hampton Youth...
Twomey Latham and Suffolk County National Bank Present Contributions to Food Pantries
The law firm of Twomey, Latham, Shea, Kelley, Dubin & Quartararo, with Suffolk County National Bank, held a fundraising event in December to raise money to support five eastern Long Island food pantries. With contributions from numerous local businesses, the event...
Taking the Plunge for Charity
Several members of our firm participated in this past Saturday's Polar Bear Plunge at Coopers Beach in Southampton to benefit the Human Resources of the Hamptons. With the ambient air temperature at 39 degrees and the ocean at a balmy 47 degrees, and ages of our...
The First-Time Homebuyer Exemption to the Peconic Bay Real Estate Transfer Tax
Since 1998, New York's Tax Law § 1449-aa et seq. has allowed the five East End towns to impose upon buyers of certain real estate in those towns a 2% real estate transfer tax (the “Peconic Bay real estate transfer tax”) in order to fund the Peconic Bay region...
Twomey Latham to Co-Host Third Annual Fundraiser
Twomey, Latham, Shea, Kelley, Dubin & Quartararo, in partnership with Suffolk County National Bank, will be holding their annual Charitable Giving Fundraiser to benefit five East End food pantries. The event will be held on Thursday, December 11, 2014, from 6-9 pm...
2015 Cost-of-Living Adjustments for Retirement Plans
The Internal Revenue Service announced the cost of living adjustments affecting dollar limitations for pension and retirement plans for tax year 2015. The contribution limit for employees who participate in 401(k), 403(b) and most 457 plans, is increased from $17,500...
Twomey Latham Announces 2014 Community Service Scholarships Recipients
Twomey Latham is pleased to announce the recipients of its 2014 Community Service Scholarships. The year's recipients are Christopher Betuel and Serrana Mattiauda, of East Hampton High School, Carolyn Carrera of Riverhead High School, and Erika Gulija, Mariah Neknez...
Twomey Latham and Suffolk County National Bank Award $10,000 in Grants to Food Pantries
At a luncheon held January 14, 2014, the law firm of Twomey, Latham, Shea Kelley, Dubin & Quartararo and Suffolk County National Bank awarded $2,000 each to five Eastern Long Island Food Pantries. The grants to the following five food pantries: Long Island Council...
Law Student Pro Bono Legal Advocacy
Legal Assistant Katerina Grinko, a Juris Doctor candidate at the Touro College Jacob D. Fuchsberg Law Center, attended a two-day conference on the Iraqi Refugee Assistance Project (IRAP), hosted by the New York City law firm Paul, Weiss, Rifkind, Wharton &...
