We are open and can meet you remotely for all your legal needs during the pandemic.
We are an Estate Planning, Business Planning Real Estate and Tax law firm that has been representing New York State residents for more than three decades. Our firms central focus is helping our clients with issues relating to estate planning, probate and administration, real estate and business planning. We are dedicated to providing you help in language that you can understand. If you don't feel like you understand your options, just ask, and we will work to find an explanation that works for you.
The first step is for us to work with you and come up with a plan to get the results you need. Through our understanding of the law and your understanding of the circumstances, we will craft a path to success.
While most estate planning attorneys focus exclusively on wills and trusts we distinguish ourselves by using our accounting, tax real estate and business knowledge and experience to formulate the best plan for you and your family and take a comprehensive approach to estate planning. Let us help you figure out your best next steps are to plan your estate. The sooner you have a plan of action, the better your chances of taking the correct steps to get the results you want
We advise and Represent Clients in Residential and Commercial Real Estate Transactions throughout
New York City, Westchester, Nassau and Suffolk County, including the Hamptons
We represent clients in the purchase and sale of businesses and the formation of corporations, limited liability companies, S Corporations,
shareholder and partnership agreements and buy-sell agreements
Glenn worked on my estate plan, including preparing wills, trusts and health care proxies. He was very professional and competent, with a thorough knowledge of estate planning, taxes and probate issues.
Glenn is incredible. Smart, trustworthy, fights for his people, dynamic thinker, gives honest advice, out for you not out for himself. Can be a huge asset on your team. Have used him to close on multiple real estate assets, family planning etc.
Even many years after closing the original home transaction we hired Glenn to help with, he has taken the time to provide us with important advice and perspective.
Law Office of Glenn Busch P.C.
271 Madison Avenue
New York, N.Y. 10016
The CARES Act has suspended required minimum distributions (RMD) for 2020. Before, individuals over the age of 70½ (for those born prior to July 1, 1949) or 72 (for those born after July 1, 1949) were required to take a minimum distribution from their tax-deferred retirement accounts each year. In addition to retirees, most non-spousal heirs who inherited tax-deferred accounts, no matter their age, were also required to take an annual RMD.
The size of your RMD is calculated taking into account your age and the balance of your tax-deferred account as of December 31 of the previous year, factored with the IRS distribution table (most account holders use IRS Table III — the Universal Lifetime Table). However, the CARES Act suspends RMDs for calendar year 2020. This provision was included to allow retirement accounts to bounce back from this year’s market downturn.
If you’ve already taken your 2020 RMD, and the distribution was within the past 60 days, the CARES Act allows you to consider the distribution an eligible rollover distribution, and put it back in your account. However, if you took your RMD more than 60 days ago, there is currently no legislation that will allow you to roll it over.