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Author Archives: David Pettig

Deeds filed Sept. 16, 2015

A written document that transfers land or other real property from one person to another. These documents were recorded by the Monroe County Clerk’s Office and sent to The Daily Record for publication.   Brighton COWDEN, MARY E to CASADO, ...

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Study: 92% of New Yorkers buckle up

A record 92 percent of New Yorkers regularly buckle up when in an automobile, according to a study released Monday. “New York led the way with this nation’s first seatbelt law and these new numbers are a testament to this ...

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Court Calendars for Aug. 12, 2015

Supreme Court Special Term Wednesday, August 12, 2015 HON. JOHN J. ARK 9:30 a.m. 1—Latson & Latson as par and nat guard of Johson an infant under the age of 18 v Pino & Laurido, et ano — Lipsitz & ...

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Estate Planning: The viability of portability after changes to the federal estate tax

The 2010 tax act, affectionately known as the “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010,” made significant changes to the federal estate tax, including the increase of the estate tax exemption to $5 million per person, ...

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Estate Planning: True or false … or somewhere in between?

Estate Planning for Retirement Accounts Questions: 1. Designating a trust created for a surviving spouse as the sole beneficiary of an IRA is no different than designating the spouse as the direct beneficiary because the minimum required distribution (MRD) in ...

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Estate Planning: More income from investments in troubled times

In these difficult times, with investment returns at historically low levels, many of our clients are searching for safer investments with higher yields. There are several avenues to explore for those who have charitable intentions. A Charitable Remainder Annuity Trust, ...

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Estate Planning: A trustee’s duty to disclose grows thanks to UTC

A trustee’s duty to notify contingent beneficiaries and remaindermen of New York situs trusts may now be receiving more notifications concerning the specific terms of the trust, its value and the nature and extent of the trust assets. The reasoning behind the notifications ...

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Estate Planning: If it sounds too good to be true, it might be

Some recent situations that prove the maxim: “The funds you have in your daughter’s Uniform Transfers to Minors Account (UTMA) are hardly earning anything. You should transfer them to an annuity in your name with a guaranteed rate of return.”

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