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Divorce Grounds and Residency Requirements in NY

Residency Requirements and Grounds for Divorce To file for a divorce in New York: You must have been married in New York and either you or your spouse must have lived in New York for one year prior to filing for the divorce, or You and your spouse must have lived together in New York, […]

2011 Estate and Gift Tax Update

The Tax Relief Act of 2010, passed by Congress in the waning days of the December, 2010, increased the federal estate tax exemption to $5,000,000. However, an equally significant aspect of the new law is the unification of the federal gift and estate tax exemptions. Both exemptions will now be $5,000,000 in 2011, with an […]