How Will Local Law 97 Affect New York City Real Estate?

OVERVIEW In one of the most ambitious pieces of legislation to be passed in the modern era, New York City passed Local Law 97 in May 2019 [1], as updated most recently by the New York City Department of Buildings’ (the “Department”) adoption of Section 103-14 of...

529 Plans and Divorce

With educational expenses on the rise, planning for your children’s education while they are still young is usually advisable. Many families find that a “section 529 education savings plan,” or more commonly known as a “529 plan,” works well for this purpose, but...