Author Topic: Any Lawyers out there of whom I may ask a question?  (Read 39041 times)

Offline nafnaf12

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Re: Any Lawyers out there of whom I may ask a question?
« Reply #390 on: December 14, 2018, 02:03:50 PM »
what did you end up doing?

I was elbowed in the face during a basketball game and will most likely be needing a root canal,
Somone mentioned I should look into sueing the guy who elbowed me.
ETA. 2 root canals needed.
 :-[
A smooth sea never made a skilled sailor.

Online yelped

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Re: Any Lawyers out there of whom I may ask a question?
« Reply #391 on: December 15, 2018, 09:30:39 PM »
Ouch!

Offline ckmk47

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Re: Any Lawyers out there of whom I may ask a question?
« Reply #392 on: December 15, 2018, 11:36:44 PM »
ETA. 2 root canals needed.
 :-[
Refuah sheleima.

Offline nafnaf12

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Re: Any Lawyers out there of whom I may ask a question?
« Reply #393 on: December 15, 2018, 11:40:49 PM »
Thanks,
Coming out to be a pretty be expensive pickup game.
A smooth sea never made a skilled sailor.

Offline S209

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Re: Any Lawyers out there of whom I may ask a question?
« Reply #394 on: December 16, 2018, 01:25:24 AM »
Can some recommend an attorney that deals with forming entities, especially not-for-profits. Ty
Where?
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Re: Any Lawyers out there of whom I may ask a question?
« Reply #395 on: January 15, 2019, 03:47:35 PM »
Not 100% sure if this is a law question, but I'll give it a shot here first.

I have an accepted offer on a house that is over a million. Due to various issues that came up on the inspection, and an overall rethinking of the value of the house to us, I'm likely to be renegotiating - with an eye towards getting under a million to avoid the NYC mansion tax. I don't think I'll necessarily be able to get there directly by just lowering the total offer to $999,999, just based on the gap between that and the accepted offer. My question is whether it's possible to explicitly exclude as many of the things being left in the house that are personal property, and then come to a separate agreement on a purchase price for all those items? And if so, what is the process (if any) for valuing all of those items so that it's both legal, and can still represent a significant enough amount to make a dent from a negotiating standpoint?

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Re: Any Lawyers out there of whom I may ask a question?
« Reply #396 on: January 15, 2019, 03:52:35 PM »
Not 100% sure if this is a law question, but I'll give it a shot here first.

I have an accepted offer on a house that is over a million. Due to various issues that came up on the inspection, and an overall rethinking of the value of the house to us, I'm likely to be renegotiating - with an eye towards getting under a million to avoid the NYC mansion tax. I don't think I'll necessarily be able to get there directly by just lowering the total offer to $999,999, just based on the gap between that and the accepted offer. My question is whether it's possible to explicitly exclude as many of the things being left in the house that are personal property, and then come to a separate agreement on a purchase price for all those items? And if so, what is the process (if any) for valuing all of those items so that it's both legal, and can still represent a significant enough amount to make a dent from a negotiating standpoint?
You should ask your lawyer.
And if you don't have one you should get one.

Online skyguy918

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Re: Any Lawyers out there of whom I may ask a question?
« Reply #397 on: January 15, 2019, 03:55:07 PM »
You should ask your lawyer.
And if you don't have one you should get one.
I do have one, and I will be discussing it with him, but that doesn't mean I can't get other perspectives. It may be possible to do, but not something my lawyer is familiar with, or maybe not comfortable with, etc.

Offline good sam

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Re: Any Lawyers out there of whom I may ask a question?
« Reply #398 on: January 15, 2019, 04:05:51 PM »


Not 100% sure if this is a law question, but I'll give it a shot here first.

I have an accepted offer on a house that is over a million. Due to various issues that came up on the inspection, and an overall rethinking of the value of the house to us, I'm likely to be renegotiating - with an eye towards getting under a million to avoid the NYC mansion tax. I don't think I'll necessarily be able to get there directly by just lowering the total offer to $999,999, just based on the gap between that and the accepted offer. My question is whether it's possible to explicitly exclude as many of the things being left in the house that are personal property, and then come to a separate agreement on a purchase price for all those items? And if so, what is the process (if any) for valuing all of those items so that it's both legal, and can still represent a significant enough amount to make a dent from a negotiating standpoint?

No you may not.
If you don't care why would you comment?
HT: DMYD

Offline good sam

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Re: Any Lawyers out there of whom I may ask a question?
« Reply #399 on: January 15, 2019, 04:11:08 PM »
I do have one, and I will be discussing it with him, but that doesn't mean I can't get other perspectives. It may be possible to do, but not something my lawyer is familiar with, or maybe not comfortable with, etc.
Your lawyer should be able to suggest other options to avoid mansion tax. Get a good lawyer next time
If you don't care why would you comment?
HT: DMYD

Offline hvaces42

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Re: Any Lawyers out there of whom I may ask a question?
« Reply #400 on: January 16, 2019, 12:49:03 PM »
Your lawyer should be able to suggest other options to avoid mansion tax. Get a good lawyer next time
His lawyer should not suggest anything of the sort. Thats tax evasion.
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Re: Any Lawyers out there of whom I may ask a question?
« Reply #401 on: January 16, 2019, 01:17:36 PM »
Not 100% sure if this is a law question, but I'll give it a shot here first.

I have an accepted offer on a house that is over a million. Due to various issues that came up on the inspection, and an overall rethinking of the value of the house to us, I'm likely to be renegotiating - with an eye towards getting under a million to avoid the NYC mansion tax. I don't think I'll necessarily be able to get there directly by just lowering the total offer to $999,999, just based on the gap between that and the accepted offer. My question is whether it's possible to explicitly exclude as many of the things being left in the house that are personal property, and then come to a separate agreement on a purchase price for all those items? And if so, what is the process (if any) for valuing all of those items so that it's both legal, and can still represent a significant enough amount to make a dent from a negotiating standpoint?

People do it. Any sane attorney will want nothing to do with it.

Offline henche

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Re: Any Lawyers out there of whom I may ask a question?
« Reply #402 on: January 16, 2019, 02:36:15 PM »
His lawyer should not suggest anything of the sort.

Is personal property that went with the sale supposed to go into the mansion tax tho? (I'm not an NYS lawyer and this is the first I've even heard of the tax.) 

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Re: Any Lawyers out there of whom I may ask a question?
« Reply #403 on: January 16, 2019, 02:40:09 PM »
Is personal property that went with the sale supposed to go into the mansion tax tho? (I'm not an NYS lawyer and this is the first I've even heard of the tax.)
No.

Offline hvaces42

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Re: Any Lawyers out there of whom I may ask a question?
« Reply #404 on: January 16, 2019, 03:05:40 PM »
Is personal property that went with the sale supposed to go into the mansion tax tho? (I'm not an NYS lawyer and this is the first I've even heard of the tax.)
1% of purchase price of 1-3 family houses over $1MM. $999k used to work when the price was close and then personal property was sold along with it. Except state got smart and audited every one of these transactions and assessed Sales tax on the personal property at ~8.625%  ;D
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