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Author Archives: George H. Dippel, Attorney at Law
Why do I need title insurance when I purchase my home in New York?
Even first time home buyers have a general awareness that they will need to pay for something called “title insurance” when they close on the purchase of their home. However, few buyers, I would guess, have an understanding of exactly … Continue reading
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What taxes will I have to pay when I sell my New York City home?
Clients often ask me about the tax consequences they will face when they sell their New York City home. Whether you’re selling a one or two family house, a cooperative apartment or a condominium unit, you will be subject to … Continue reading
Posted in Real Estate
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Do I need to pay to obtain a copy of the deed to my home in New York City?
A client of mine recently received a letter from a company offering to obtain for her, for a fee, a copy of the newly recorded deed to her house. My client had previously asked me to add her son as … Continue reading
How do I add someone to the deed of my New York home?
There are many reasons you may want to add someone to the title of your home. You may have just gotten married or re-married and now wish to add your new spouse as a joint owner. Or you may want … Continue reading
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Can I apply for a larger mortgage than in my contract to buy my NY home?
Most people will obtain financing when purchasing their home, whether it’s a co-op, condominium or a one or two-family home. In such a case the contract of sale will contain a provision making the sale contingent on the purchaser obtaining … Continue reading
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Do I need to close on the closing date in my contract to purchase a home in New York City?
I am often asked this question by my clients who are either buying or selling a home, cooperative apartment or condominium unit. The standard residential contract of sale used by attorneys in the New York Metropolitan area will state that … Continue reading
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Should I agree to be the executor of my friend’s New York will?
At some point you may be asked if you would be willing to be named an executor in a friend or family member’s last will and testament. The first thought that may pop into your mind is “If I say … Continue reading
Posted in Wills,Trusts and Probate
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Do I need to file income tax returns as the Executor of a New York Estate?
Understandably I am often asked this question as April 15th approaches. If a decedent’s estate has earned more than $600 in income during the tax year, the executor or administrator needs to file both Federal and New York State fiduciary … Continue reading
Posted in Wills,Trusts and Probate
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How does an Executor or Administrator settle a New York Estate?
One of the first questions I hear from clients who have been appointed an executor or administrator is “How do I finalize or settle this estate?” After the fiduciary, (i.e., an executor or administrator) of a New York estate has … Continue reading
Posted in Wills,Trusts and Probate
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