Gamblers and taxing authorities rejoice. Although not directly related to our firm’s practice areas – well not really related at all – the Supreme Court of the United States recently decided in a landmark case which will have an incredible impact across the country. In Murray v. National Collegiate Athletic Assn., the Supreme Court invalidated a 1992 Federal law which effectively prohibited sports betting in almost every State. This law – known as the Professional and Amateur Sports Protection Act (“PASPA”) was enacted at a time when other forms of gambling were legalized and opponents of gambling feared universal sports betting was next. In a nutshell, the controversial PASPA provision, which was at the heart of the Supreme Court’s decision last week restricts States from operating, sponsoring or promoting sports gambling schemes.
Celebrating 35 years of successful service to individuals, families, and fiduciaries.
At Breed & Associates, we provide experienced legal, tax, administrative and accounting services to fiduciaries, individuals and families. Over more than three decades, we have managed hundreds of estates and trusts, either directly for clients or as special counsel to other firms. We are unique because we coordinate all the services under one roof, within our firm. We represent purchasers and sellers in real estate transactions, from the drafting of the contract to the closing. We prepare deeds and the documents New York requires to transfer ownership of real property.
At Breed & Associates, we bring extensive experience to individuals who are involved in estate or trust controversies.
If you have been named executor, administrator or personal representative of an estate, you want experienced counsel to help you settle the estate expeditiously through the probate courts with the fewest possible problems or delay.
An executor of an estate, trustee of a trust, has the responsibility for accounting for all assets, expenses or other financial matters. With years of experience as a fiduciary backing our services, we are ready to help you satisfy your legal obligations.
Forensic accounting provides an analysis of all financial transactions of an estate or trust which can assure that you receive your full and rightful inheritance in any matters that may involve will fraud or conflicts.
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Planning your estate is usually not a simple task and often requires you to make tough decisions regarding who gets what. Step one is to determine what constitutes the estate and obvious items are a house, bank account or 401k plan. What is not so obvious, and should not be overlooked,are our pets. Pets are important parts of our lives and to many pet owners, they are part of the family--it is only fair that New York laws provide a tool to ensure that a pet is cared for after someone has passed away.
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