News: Finance

Sheehan joins Ruberto, Israel & Weiner as an associate concentrated in estate and tax planning

Katherine Sheehan has joined Ruberto, Israel & Weiner as an associate at the firm. Her practice is concentrated in the areas of estate and tax planning as well as trust and estate administration. Prior to joining Ruberto, Israel & Weiner, Sheehan was with Cody & Cody, LLC in Quincy, where she focused her practice in the areas of estate planning, both general and sophisticated, charitable planning, and long term care planning, as well as trust, probate and estate administration. Before joining Cody & Cody, Sheehan was trust counsel for Boston Financial Management, Inc., a Boston based investment advisory firm. While attending Suffolk University Law School, Sheehan served as a research assistant for professor Charles Rounds, Jr., aiding in the completion, of Loring, A Trustee's Handbook (2002 Edition). Sheehan has also given numerous presentations on a variety of estate and long term care planning topics. She has also been a guest on the Money Matters radio program.
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Are appraisers on the same page as the assessor? - by Richard Seman

Are appraisers on the same page as the assessor? - by Richard Seman

The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
Massachusetts real estate transfers  over $1 million face new tax rules as of November 1st - by Daniel Meyer

Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer

Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4
The focus on price per s/f compared to the  comparable sales used in the appraisal report - by Dennis Chanski

The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski

Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.