How Flushing, NY Became A Hotbed For Real Estate Development

Dan Rose

If the No. 7 subway line were a rainbow, Flushing would be developers’ pot of gold.

Land in the Queens neighborhood is trading like baseball cards, permit applications are pouring in and developments are popping up like mushrooms — interest rates and recession fears be damned. Lucky for us, Flushing, NY Real Estate lawyers claim to be almost as busy as they were at the height of the recent boom.

“It’s always been an active market and a place for development,” RIPCO Real Estate’s Stephen Preuss said. “It’s always gonna buck the overall economy as well, where even during downturns or times of political or economic flux, Flushing has always been a community and a commercial marketplace that has thrived.”

Downtown Flushing, at the end of the 7 line, gives off an energy that rivals Midtown during the holidays. Density has a lot to do with that: About 257,000 people reside in Flushing, Whitestone and Murray Hill, making it the most populous neighborhood in New York.

But just as important is that the historically Asian-American community does not depend on other areas of the city to stay busy. Residents center their personal and professional lives in the multi-generational neighborhood and typically own rather than rent.

“To me, this is about the 15-minute neighborhood,” said attorney Ross Moskowitz, a Flushing native who represents several developers’ projects in the neighborhood. “The ability to get to work, to get home, to get to services, to get to open space, to get to schools, to live, work and play within a 15-minute stretch. If you think about what Flushing has to offer, you get that environment. It kind of checks all those boxes.”

Because its residents prefer to own real estate, Flushing has become a hotbed for condominium projects among developers from the area and beyond.

Contributed With Help From: Aminov Real Estate Law Firm of Flushing, NY 147-15 Union Tpke, Queens, NY 11367, United States (347) 479-1808

Flushing Estate Lawyer Gets Featured On VOX

Dan Rose

Our very own local Flushing estate lawyer gets featured on Vox! This is a proud day for all of us here in Flushing Queens as this is a major national news publication.

The articles describe the motivation, background story, joys and difficulties of Roman Aminov. He grew up locally in Forest Hills and Jamaica Estates then attended Baruch College earning a B.S degree in Real Estate Development and then onto St. Johns School of Law for his J.D.

He states that when he was in law school while taking a trust and estates courses in law school everything changed. To him, it was the perfect fit and set the stage for his successful law firm which he has today. He said that while taking the class he discovered he loved the subject because it was not abstract tax concepts that only a few benefited from, but rather gave him the opportunity to work with real people, real cases, and offer a personal touch.

The one key takeaway is that it is never too early to start estate planning. He discussed many scenarios where people came to him later in life, and it was simply not possible to morally (or legally) create their will or do their probate or estate planning. The creator of a will or trust or any other state or end-of-life planning must be in a proper mindset and aware of their surroundings. He has even brought in doctors to confirm his own decision in some cases!

He says that even in your 30’s and 40’s you should be considering the big decisions regarding your estate as there are many factors most people just aren’t aware of.

This type of law is not easy, but it is rewarding. Despite sharing tears and some of the most challenging moments with some of his clients, he says that what he offers is that “This is going to take some time, with many small steps along the way. Follow the steps, little by little, file the forms, contact the banks, and we’ll get through this.”

Despite not being trained in psychology Roman Aminov’s advice seems accurate, gentle and professional. 

It is not always pretty though. He shares some moments where there were serious wedges between families, wedges that could have been avoided if planning had started sooner.

But in the end, it’s the human-to-human contact that is what’s important. At the end of the day, a probate and estate planning lawyer can leave his office, knowing he has made a real difference in his community. With his skills and knowledge, he helps guide his clients through difficult situations, saving their estate and finances so they can better take care of themselves and their families.

Roman Aminov Esq. Estate, Probate & Elder Law of Queens 147-17 Union Tpke, Queens, NY 11367 (347) 766-2685 https://www.aminovlaw.com/

Your Guide to Running a Successful Dental Clinic

Dan Rose

The Dental Market and the Requirements to Run a Successful Practice

The dental market is growing continuously. There are more people looking for dental-related services than before. This means that the need for cosmetic dentists, general dentists, and Orthodontists is growing more and more each year.

While it is true that there are many things to consider when starting up a dental practice, it is important to remember that there are necessary prerequisites in order to run a successful one.

The Necessities to Run a Successful Practice

A dental clinic requires a lot of skills to run it successfully. The necessary staff and the skill sets required to run a successful practice are the following:

– The necessary staff includes dental assistance, technicians, and administrative help

– An experienced lab to order dental prosthetics from

– A dental clinic that is high tech with new and sanitary equipment

– The necessary licensing, permits and certifications

The Competition in the Industry and How to Compete with Local Dentists

The dentistry industry in the US is highly competitive. There are more than 130,000 dental practices in the US. The competition has intensified in recent years. As dentists’ prices drop, patients are asking for more affordable dental care. For this reason, many dentists are looking for ways to compete with their local competitors by offering group dental practices, affordable services and quality work to stay afloat.

Some dentists have found ways to differentiate themselves by setting up group dental practices with multiple partners so that they can offer a wide variety of services at competitive rates – from simple check-ups to complicated surgeries. This way, they can reduce the cost of care for certain procedures and provide services that would be difficult or impossible if they were working alone or in a single practice setting.

Another method is by partnering with a local dental lab that is digital and has a quick turnaround when ordering new dentures, crowns, and bridges

What Kind of Marketing Efforts are Needed to Succeed in the Market?

Marketing is the backbone of any business. It is what connects a business to its customers.

In order for a dental practice to stay afloat, it’s important that they have a marketing plan in place so they can create a strategy that will work for them. The first thing a dental office needs to do is understand their target audience and what motivates them so they can better connect with them.

Every dental office should have a website, local business listings and take advantage of local magazines and newspapers to advertise their services.

Conclusion:

Running a successful dental clinic is not easy but that doesn’t mean it’s impossible. With the right partners, equipment, and marketing strategy your dental clinic can start to build relationships with patients in your community.

Brought to your by our featured Queens dental lab:

Ultimate Dental, Denture, Crown & Implants Lab 150-28 Union Turnpike Flushing, NY 11367 (718) 591-3444 https://ultimatedentallab.com/queens-ny-dentures-crowns-implants

What To Consider When Hiring A Lawyer After A Car Accident

Dan Rose

A personal injury lawyer (or accident attorney) can be hired to represent you after a car accident, but you should be aware that there are many things that you should know before hiring an attorney. For example, you need to know if the attorney is experienced in your area of law and how much they charge for their services. 

What Does A Personal Injury Lawyer Do?

The term “personal injury” refers to a legal claim where a person or business is found liable for harm done to another person. This harm may consist of physical injury, emotional trauma, or even damage to property.

A personal injury lawyer is a lawyer who specializes in helping people who have been injured from another person’s negligence. They help the victims of car accidents, trucking accidents motorcycle accidents and many other forms of accidents.

Choosing An Attorney To Represent You

In order to choose an attorney, do your research and make sure you pick one that is a good match. When interviewing attorneys, make sure you ask them the tough questions about their experience, office hours, rates and cases they’ve been working on.

In order to be able to make a good decision for your attorney, research thoroughly and find an injury lawyer with great reviews. You should also do thorough research on the rates and hours of the attorney that you are going to hire because this will be very important when setting up your case. Be aware of how much work they have been doing lately because it will help with the case preparation as well as how much work they are willing to put into it for you personally. At our Queens personal injury law firm, we dedicate time and attention to each and every client.

What to Expect for Your First Meeting with the Lawyer

  • You should be able to talk about your concerns and your goals without feeling like you’re being judged.
  • Your lawyer will ask you questions and may want to do some research before they take on your case.
  • Many accident attorneys offer free initial consultations so that you can get a feel for what it would be like working with them.
  • You and the lawyer will discuss any relevant information about your case, such as what happened, who was involved, and how it has impacted you personally.
  • You may go over any deadlines or other important dates that need to be met in order to achieve the best possible result.

Your Lawyer’s Fee and How They Will Be Paid

Some attorneys charge by the hour, while others charge by project completion or by one flat fee. But most personal injury attorneys operate on a  contingency-fee-basis, which means that they only get paid if they win their case for you. The big benefit of using a contingency fee lawyer is that their incentives are properly aligned with yours since they only get paid if you get paid.

Personal Injury Accident Firm Of Queens 141-24 Jewel Ave Fl 2, Queens, NY 11367 (718) 682-3480

Legal Guardianship Options in New York

Dan Rose

Guardianship law in New York is based on two types of guardianships, limited and plenary. Limited guardianship gives a guardian certain rights and responsibilities for the person who cannot take care of themselves. The guardian has to be appointed by a court and can be given control over property and finances. The court determines the limitations of guardianship so that it does not interfere with the person’s autonomy or rights.

Plenary guardianship means that the guardian’s authority is unlimited on all matters relating to you–including your health care, finances, where you go, who you see. etc

The court will appoint at least one person as your guardian if there are no living parents or other suitable relatives available to act as your guardian or if their condition makes them incapable of acting as your guardian.

When seeking to obtain guardianship over an individual incapable of making their own decisions, you might want to look into Article 81 or 17-A of the Mental Hygiene Law in New York. Guardianship is often sought when a person with dementia or Alzheimer’s becomes incapacitated and incapable of living independently. If this individual was intellectually or developmentally disabled, they would be more likely to need an Article 17-A guardianship. Article 17-A guardianships are most often used when developmentally disabled people reach the age of 18 and their parents or guardian need to apply for power of attorney so you can make decisions on their behalf. Guardianships in Article 17-A are brought in Surrogates Court, while guardianship proceedings in Article 81 are held at Supreme Court.

For more information about Guardianship law in New York State please contact Law Offices Of Roman Aminov.

Law Offices Of Roman Aminov, 147-17 Union Turnpike, Flushing, NY 11367 – (347) 766-2685

Supplemental Needs Trust & Supplemental Security Income Regulations

Dan Rose

People who are qualified for Supplemental Security Income, otherwise called SSI, are dependent upon pay and resources limits. Beneficiaries cannot claim more than $2,000 in resources (or $3,000 in case they are married). We often get calls from SSI beneficiaries asking us how they can ensure their SSI benefits when obtaining a sizable sum of wealth, ordinarily from a legacy or an individual physical issue settlement. Assuming the beneficiary is younger than 65, a first-party supplemental necessities trust (“SNT”) might be a great choice.

The recipient can work with a unique necessities lawyer to set up the trust and name somebody, called the trustee, to hold the cash on their half. 

A trustee may even make payments for household items such as a personal care attendant or a wheelchair. By using an FPSNT, an individual no longer has to rely on family and friends and on the government programs and services that provide for their basic needs.

The creation of an FPSNT expressly reserves the right of the trustor to receive the trust’s income and principal money on his or her own behalf for his or her benefit; no other person can ever inherit from such a trust, subject to some limited exceptions.

You should have a lot of questions about the money you are about to receive after an inheritance or personal injury settlement. It is always smart to speak with a lawyer before you accept it. Call our office for a free consultation at 347-766-2686. Estate attorneys in Queens, New York will help you every step of the way.

Law Offices Of Roman Aminov 147-17 Union Turnpike, Flushing, NY 11367 (347) 766-2685

Providing Credit Shelter Through New York State Trusts

Dan Rose

To fully take advantage of their combined estate tax exclusions, married couples use credit shelter trusts. This type of planner may be especially useful to couples living in states with state estate taxes in addition to federal estate taxes.

Credit shelter trusts will only be accessible to ultra-rich estates in 2021 as the federal estate tax limit is set at $11.7 million. Federal estate taxes are not imposed on the first $11.7 million of an estate. Additionally, a married couple could use both spouses’ exemption amounts to avoid paying federal estate taxes if their combined estate exceeded $23.4 million. There is the concept of portability within the federal estate and gift tax regulations in New York City. In other words, if one spouse does not use the entire exemption amount, the remaining amount is portable to the surviving spouse at their ultimate death. A surviving spouse, however, must formally elect to utilize their spouse’s remaining estate tax exemption upon the death of their first spouse.

If the first spouse dies leaving their entire estate to the second spouse, there will be no estate tax due. The federal estate tax exemption amount for married couples is $5.95 million. Furthermore, the couple may be liable for estate taxes if they live in a state with a separate estate or inheritance tax. The estate tax-exempt amount of one spouse cannot be transferred to the other in New York state. In the event of an estate not planned properly, the couple’s estate, as well as the second spouse’s estate, may be liable for estate tax. The value of a married couple’s assets is generally split up by them, and an amount equal to the current estate tax exemption amount for the surviving spouse is positioned in a credit shelter trust. The assets can then be passed to the survivor without becoming part of their spouse’s estate and passing directly to them.

We are ready to answer any questions that you may have and would be happy to set up a free case evaluation with one of our attorneys.

Roman Aminov Esq. Estate, Probate & Elder Law of Queens – 147-17 Union Tpke, Queens, NY 11367, (347)766 2685.

Inflation-adjusted basis and capital gains tax

Dan Rose

Inflation-adjusted basis and capital gains tax allow the taxpayer to take the current value of an asset as its basis for capital gains tax purposes. This is often referred to as “step-up in basis” or “step-up in cost”. The donor of the asset gets a step-up too, but they don’t pay any capital gains tax on their donation.

The step-up in basis is a provision in the United States tax law that permits an individual to increase the basis of any property, including stocks and bonds, without incurring capital gains tax. This change was implemented by President Trump to make sure that the rich don’t take advantage of this loophole. Step-ups can occur either when an individual dies or sells the property for more than its adjusted basis. A taxable event occurs when an individual sells their assets for less than their adjusted basis so they automatically incur taxes on any increased value above what they originally paid. The reason for this is because the person is not allowed to purchase any other property with cash other than his/her house, cars, and investments without paying taxes on it.

It would also have a big impact on estates with a lot of illiquid assets like real estate. Even if the asset is not sold by the beneficiary, there is a proposal that would apply a capital gains tax. This could force heirs to sell their inherited family property, liquidate inherited requirement accounts, and even have a significant impact on corporate assets.

If you are looking for an experienced law firm that will provide you with the right advice, contact Roman Aminov Law Office today.

Law Offices Of Roman Aminov, 1600 Ave. M, Brooklyn, NY 11230, (347)76 62682

Can You Correct An Overbite With Braces?

Dan Rose

What is an Overbite? 

An overbite is when the top jaw and teeth overlap the lower jaw and teeth. The most common cause of an overbite is when the child has a small lower jaw or is born with a cleft palate. A child will most likely have an overbite if they have inherited smaller jawbones, creating less space for their teeth to grow into. There are many different types of treatment for this issue, which will depend on the severity and age of the sufferer, and your local orthodontic clinic will be able to provide treatment.

What Causes an Overbite?

Overbites occur in individuals born with a cleft palate or with small jaws. A small jaw bone may not be able to support or hold the teeth in place, which causes the teeth to move out of place. Smaller jaws are more commonly seen in children with Down syndrome, Bohn disease, Pierre Robin syndrome, craniofacial syndromes, and skeletal dysplasia syndromes. Overbites are also seen more commonly in children with smaller jaws.

Can you correct an overbite with braces?

Yes. Your Queens Orthodontist can treat for overbites through braces and teeth alignment. A child could also receive a surgical correction to bring the lower jaw forward and create more space in the mouth. Treatment for an overbite will vary depending on the severity of the condition.

With Mild Overbites:

– Smaller appliances could be used to align the teeth such as rubber bands, headgear, and smaller, removable plastic trays.

With Severe Overbites:

– The child may need to wear permanent appliances like stainless steel or gold brackets. These supports are placed on both sides of the teeth and can cause pain for some patients. 

How Long Does it Take to Fix an Overbite with Braces?

Each patient will progress at their own pace depending on the severity of their overbite. The typical timeframe to correct an overbite is between 6 months to 24 months.

What problems are caused by overbites?

Parents most often recognize their child with an overbite has a problem that an Orthodontist in Flushing, NY will need to treat. Children with an overbite will often come in earlier for treatment than other problems because they have health or psychological problems related to their teeth.  

Other children may struggle with bad eating habits because of the overbite.

Can you fix overbite without braces?

Surgery is one treatment method for an overbite for the most severe cases when braces or other orthodontic methods have failed to correct the problem.

 My Smiles Orthodontics of Queens 75-05 Parsons Boulevard Flushing, NY 11366 (718) 380-1230 https://mysmilesbraces.com/

What Qualifies as a Probate Asset in NY

Dan Rose

Probate is a legal process after someone passes away to collect the property and assets of the individual. The first debt is paid and then assets are distributed to the beneficiary according to the will. But figuring out which assets are included in a NY probate estate is sometimes not so easy. For medium to large estates, a local probate attorney in NY is often needed to streamline the probate process to only include assets that actually can go through probate. For smaller estates, under a certain threshold ($50,000) probate can also be skipped depending on how the assets are calculated.

What assets are included in probate estate in NY

Many assets which are singularly owned by the individual can go through probate but if an asset is jointly owned or held in a trust that it is not considered a probate asset. Some of the most common assets are bank accounts, stocks, bonds, cars and even real estate.

Assets not included probate estate in NY

But some of the assets not included in probate include property owned in a living trust, life insurance, 401ks and transfer on death accounts. These assets not included in a probate estate in NY are typically passed directly to the beneficiary or the joint owner upon receiving the death certificate. These assets are also not included in the probate petition and are not used to calculate the filing fee.

If all the assets are not included in the probate estate due to the fact they are jointly owned or other qualifying reasons then the NY court will not be involved. Careful planning is required in advance to legally classify and protect assets to avoid the lengthy probate process and set up joint ownership or a trust.

Get a free consultation with the local estate planning experts at:

Roman Aminov Esq. Estate, Probate & Elder Law of Queens 147-17 Union Tpke, Queens, NY 11367 (347) 766-2685 https://www.aminovlaw.com/