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Kevin McKernan Kevin McKernan

Top 1031 Exchange Pitfalls:

Closing the sale of the relinquished property without setting up a 1031 Exchange first , Not understanding the requirements for full tax deferral , Selling or exchanging into a property that is not held for investment or used in a trade or business…

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Kevin McKernan Kevin McKernan

PROBATING A LOST WILL IN NEW YORK STATE COURT

It's all too easy to lose track of this important document as the years go by. If a loved one passed away but you can't find their Will, you could run into serious issues during the probate process.

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MerriLyn Gibbs MerriLyn Gibbs

IRS raises limits for ABLE ACCOUNTS:

For the first time in four years, the amount of money that people with disabilities can save without jeopardizing eligibility for government benefits is rising

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Kevin McKernan Kevin McKernan

NYC Poised to Join in Wave of Pay Transparency Laws

On December 15, 2021, the New York City Council approved a bill that will require NYC employers with four or more employees to disclose in job postings the minimum and maximum salary offered for any position located within New York City.

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Kevin McKernan Kevin McKernan

New York DOL Issues Recreational Cannibis Guidance

On October 8, 2021, the New York State Department of Labor ("NYSDOL”) issued guidance to assist employers in navigating the Marijuana Regulation and Taxation Act identifying “Specific Articulable Symptoms of Impairment.”

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Kevin McKernan Kevin McKernan

Actions To Be Considered After A Divorce:

Divorce can be one of the most challenging experiences that a person can go through in one’s lifetime; whether you are one of the spouses getting a divorce or a child experiencing a parent’s separating. At McKernan Law, our job is to make this process stress-free for all parties involved. That is why we have created a simple checklist for all of our clients and friends in our community to follow when preparing for divorce:

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Kevin McKernan Kevin McKernan

Life Insurance Beneficiary Mistakes to Avoid:

Life Insurance has long been recognized as a useful way to provide for your heirs and loved ones when you die. Naming your policy's beneficiaries should be a relatively simple task. However, there are several situations that can easily lead to unintended and adverse consequences you may want to avoid.

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