Tag: Estate Planning

Pied-a-Terre Means Paying Your “Fair Share”

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New York City’s budget is over $120 Billion a year, more than the national budgets of Ireland and Portugal combined. Someone has to pay all these bills, and it may be you.   The Pied-a-Terre tax (PAT) – a “second home” tax – was passed on the assumption people owned NYC real estate and probably worked in the City, but since they hated paying NYC income taxes, they bought another home in the Hamptons or the Jersey Shore which they claimed was their actual domicile, thereby minimizing their overall income tax bill.   If you have enough money to purchase a second home in New York City: Congratulations, you’ve earned it (or more likely, you inherited it). But if you

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PSS – Estate Planning Webinar: Wills, Trusts, and Estates

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From time to time, Daniel Timins has donated his time and knowledge to PSS (Presbyterian Senior Services) to give advice and knowledge to those in need. Mr. Timins has set-up a series of Webinars to give them an understanding of Wills, Trusts, and Estate Planning. Below you will find one of the first videos Dan has put together for PSS. About PSS PSS was founded in 1962 as Presbyterian Senior Services by volunteers to serve older members of their church community. Today, PSS is an innovative, multi-service nonprofit 501(c)(3) agency whose mission is to strengthen the capacity of older New Yorkers, their families, and communities to thrive. To learn more about PSS visit: www.pssusa.org

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