Elman Woodson
Real Estate Law: Due Diligence for Condo and Coops
Condo’s and Coop’s in New York require an attorney to perform a special amount of due diligence. There are certain documents attorney’s...
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Elman Woodson
Jan 22, 20221 min read
Happy New Year - As you consider purchasing your home Prepare your team!
Have you thought about purchasing a home? If so, organize your team in advance. Purchasing a home is a big investment. For some,...
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Elman Woodson
Dec 12, 20211 min read
Real Estate Law: You need a Real-Estate attorney on your team!
Here are 6 reasons you need a real estate attorney as part of your home buying team. 1. Your attorney will prepare the contract of...
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Elman Woodson
Dec 12, 20211 min read
Business Law: The C-Corp
A C-Corporation is legal structure in which the shareholders and owners are taxed separately from the entity, i.e., double taxation....
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Elman Woodson
Nov 6, 20211 min read
Wills, Trusts, and Estates: What are Estate Taxes?
The Estate Tax is a federal tax and/or state tax (depending on which state you live in) on the right to transfer property at the time of...
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Elman Woodson
Nov 6, 20211 min read
Real Estate Law: Why is Title insurance important?
The title search is inevitable. This is something you are bound to encounter as you move closer to closing. But why is Title insurance so...
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Elman Woodson
Nov 6, 20211 min read
Business Law: The S-Corp
An S-Corporation is a closely held corporation that makes an election to be taxed under Subchapter S of the Internal Revenue Code. This...
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Elman Woodson
Oct 5, 20211 min read
Wills, Trusts, and Estates: What is Probate?
Probate is the process by which, in NY, the Surrogate’s Court, determines how to distribute a person’s property after they pass away. It...
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Elman Woodson
Oct 5, 20211 min read
Real Estate Law: Down Payment v. Closing Costs
Your down payment is not your closing cost and your closing cost is not your down payment. These are two separate things, and both...
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Elman Woodson
Oct 5, 20211 min read
Business Law: The LLC Operating Agreement
It is tremendously important that your business documents are properly prepared regardless of the business type you create. For example,...
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Elman Woodson
Sep 1, 20211 min read
Wills, Trusts, and Estates: What is a Living Will
A living will is a legal document that specifies your healthcare preferences in case you are unable to communicate them. Generally, a...
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Elman Woodson
Sep 1, 20211 min read
Real Estate Law: What the end of the Moratorium means…
The short answer is I don’t know. This is a very sensitive situation that will require strong business sense mixed with compassion. On...
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Elman Woodson
Sep 1, 20211 min read
Business Law: Elements of a Good Business Plan
Many of my clients ask what should I put into my business plan? Well, I give the obvious attorney response and say, it all depends! LOL,...
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Elman Woodson
Aug 7, 20211 min read
Real Estate Law: Condo v. Coop
Did you know there is a difference between a condo and a co-op? Below I list a few elements to take into consideration. A condo is a...
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Elman Woodson
Aug 7, 20211 min read
Estates, Wills and Trusts Law: TRUSTS…
Just as a will is an estate planning tool used to protect your assets, so too, is a trust. A will becomes active only at death, whereas a...
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Elman Woodson
Aug 7, 20211 min read
Business Law: What is an LLC?
The LLC is a business form that stands for a Limited Liability Company. The beauty of this business formation is that it offers the...
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Elman Woodson
Jul 19, 20211 min read
Business Law: Here are a few tips for starting a small business
Are you thinking about starting a small business? Well, here are a few unorthodox tips that I believe will help you get started. 1....
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Elman Woodson
Jul 19, 20211 min read
Real Estate Law: Guidance for purchasing a house
Are you ready to purchase a house and having some trouble with the overall considerations. Here are a few things you might want to think...
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Elman Woodson
Jul 19, 20211 min read
Estates, Wills and Trusts Law: Why you need a will…
1. Do you care who gets your property if you die? 2. Do you care who gets your money if you die? 3. Do you care who is appointed the...
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