In recent years, cryptocurrency has raised important legal questions as its public popularity has increased. Cryptocurrency is a virtual currency that is created and controlled through the use of sophisticated encryption methods known as cryptography. The most well-known is Bitcoin, a digital currency created in 2009, which many believe is the economy of the future.
Plan for the future of your estate and assets. An estate planning attorney can guide you through the process of reducing or eliminating estate taxes and navigate you through the ramifications of the new tax law.
On December 22, 2017 the Governor issued an emergency order to help protect property owners in New York from the impact of the tax bill.
With the House passing the modified version of the Tax Bill on Tuesday afternoon, it’s looking like American families will be finding tax reform under their trees along with its usual gifts and sweets which are synonymous with the season.
Cybersecurity is a concern for the government, businesses, and private citizens alike. As Cybersecurity becomes a growing concern, states have rushed to implement legislation dealing with a broad range of cybersecurity issues. In 2017 alone 42 states have introduced over 240 bills or resolutions targeting cybersecurity, and 27 states have enacted legislation. This new legislation has focused on improving government security practices, funding cybersecurity programs and initiatives, targeting computer crimes, and restricting public disclosure of sensitive security information.
It doesn’t take a legal expert to understand that a divorce typically results in the separation of two parties who previously acted as a financial, spiritual and social unit. Because parties tend to be highly dependent on one another prior to a divorce, New York law has recognized that the lesser earning spouse is typically entitled to maintenance payments (commonly referred to as alimony) for a certain duration of time. As the law currently stands, because money was transferred out of one spouse’s income and into the other’s income, the tax law is currently structured to recognize this transfer and has allowed for a tax deduction by the spouse paying maintenance.
Even savvy shoppers can fall victim to a Cyber Attack. By following our tips below you can avoid worrying about identity safety and focus on calculating how much you saved!
From time to time, and particularly during the holiday season, I am asked by kith and kin alike about the responsibility a homeowner has to prevent people from drinking too much at a holiday party. Concerns range from the health of the person drinking copious quantities of punch to the legal liability and of the host who provided the punch. I cannot offer an opinion on the healthy amount of punch, but I can provide some insight into issues that may arise when a drunk guest leaves a party and injures someone.
Have you ever wondered what will happen to your Twitter, Facebook, and Bitcoin accounts after your death? In an era dominated by technology advancements, proper estate planning for the modern day incorporates final digital asset wishes into Last Will and Testaments. Anticipating and arranging digital media assets prior to death will do more than give you peace of mind; it will simplify the process of managing your post-death estate for your family, and trustee.
In light of recent events in the United States, it’s important to understand the laws around secure ammunition and firearm sales. Below is a summary of the “NYS SAFE Act” which can be used as a basis to understand the legal limits around owning and operating a firearm.