Archives for Chaves Perlowitz Luftig LLP
Case Studies for International Clients: Success Story #3
CASE STUDY 3: Francois is an EU citizen residing in an EU country and is looking for a $3mm investment property to rent out in new york city for himself and his family. He...Read Full Post
Case Studies for International Clients: Success Story #2
CASE STUDY 2: Carlos is a non-resident alien, residing in Brazil. He currently maintains a portfolio brokerage account in New York in the name of a British Virgin Islands (“BVI”) company. He is looking...Read Full Post
Case Studies for Trusts and Estates International Clients: Success Story #1
Case Study 1: Deniz and Isra are married and have a son, Emre. Deniz and Isra are Turkish Citizens and residents and are searching for an apartment for Emre in New York City. All...Read Full Post
1031 EXCHANGE BASICS
WHAT IS IRC SECTION 1031? Section 1031 of the Internal Revenue Code (IRC) allows a taxpayer who owns investment or commercial property to exchange a relinquished property and defer paying capital gains taxes. If...Read Full Post
UPDATES ON ESTATE AND GIFT TAX LEGISLATION
By Christian D. Curtis Back in June 2021, after fielding many calls from concerned clients, I hosted a Webinar regarding President Biden’s bold tax change proposals. These proposals would have made some profound changes...Read Full Post
In Wake of the Champlain South Tower Collapse in Surfside, Florida
In October 2021, the Federal National Mortgage Association was the first to announce updates to its guidelines and criteria changes for Condo and Co-op Projects. These changes came in the wake of the tragic...Read Full Post
Foreign Buyers in Manhattan’s Luxury Condo Market: They’re Back
Pent-up demand, a weak dollar, and surging wealth have lifted Manhattan’s luxury market from the pandemic doldrums — developers, take note. (Commercial Observer) The first rule of real estate is location, location, location....Read Full Post
New Team Members!
We are very excited to be able to announce 3 new attorneys who have been added to the CPL team! Susannah Rosato joins our Commercial Real Estate group. Her practice has focused on representing...Read Full Post
What Is New York’s Mental Hygiene Law?
New York state passed the Mental Hygiene Law in 1972, creating a broad legal framework to address the needs and rights of the mentally disabled and incapacitated, as well as public concerns. The NY...Read Full Post
Who Can Serve As a Health Care Proxy in New York?
When it comes to your health care decisions, the person whose opinion matters the most is you. Medical decisions will directly affect your life, so it’s important to solidify what decisions are best for...Read Full Post