On Thursday, January 30, 2020, the Tax Committee held another Tax Club dinner at Wu Liang Ye. The attendees discussed estate planning in light of the current transfer tax landscape with a specific focus on estate planning for the moderately wealthy, including both tax and non-tax ramifications. With the increase in estate and gift tax exemption as a result of tax reform, fewer individuals will be subject to transfer taxes. However, everyone should still have an essential set of documents prepared, and individuals who have at least $5.5 million in assets should consider taking advantage of the increased exemptions before these provisions sunset in 2026. Thanks to everyone who attended. To learn more about the Tax Committee go to https://www.aabany.org/page/453 .
AABANY congratulates Kenneth Chin on being presented with the New York State Bar Association’s Diversity Trailblazer Award at the John E. Higgins, Esq. Diversity Trailblazer Award Ceremony on Jan. 27, 2020 at the New York Hilton Midtown. Ken is a Partner and the Banking and Finance Chair at Kramer Levin Naftalis & Frankel LLP and longstanding member of AABANY. The award recognizes Ken for his transformative work to promote and achieve diversity and inclusion at his firm and in New York’s Asian American community.
Read our full press release here.
On January 28, 2020, Margaret Ling, AABANY Real Estate Committee Co-Chair, hosted and organized the Lunar New Year Celebration and Networking Event at Chase Bank located at 41-22 Bell Bvd, Bayside, New York.
Over 50 attorneys attended the reception. A lovely buffet was served, and entertainment was provided by master paper cutting artist Mr. Hou-Tien Cheng. AABANY’s Real Estate Committee collaborated with the following organizations to present this event: Queens County Bar Association Diversity and Inclusion Committee; KALAGNY; Big Apple Abstract Corporation; Chase Bank; and Forchelli, Deegan and Terrana, LLP. Margaret Ling, who is both the Co-Chair of the AABANY Real Estate Committee and the Co-Chair of the Queens County Bar Association Diversity and Inclusion Committee, will continue to organize these joint collaborative bar events in the near future.
We thank everyone that attended and wish everyone a prosperous Lunar New Year!
On January 30, 2020, AABANY’s Real Estate Committee hosted a CLE entitled “Understanding Diversity and Inclusion in Our Everyday World.” The CLE and networking event took place at Hanover Bank in Flushing Commons in Queens, and over 25 attorneys attended.
The panel discussion covered all the basics of diversity and inclusion in the workplace and its relevance to the legal profession. The speakers included AABANY’s very own William Ng, Shareholder at Littler, and Shirley W. Bi, Associate at Littler. Margaret Ling, AABANY Real Estate Committee Co-Chair, moderated the event. Attendees received 1 credit in Diversity, Inclusion and Elimination of Bias.
Many thanks to our sponsors, John Pollock and Jimmy Lee, both of Hanover Bank, Littler, Big Apple Abstract Corporation, KALAGNY, and the Queens County Bar Association. To learn more about the Real Estate Committee, go to https://www.aabany.org/page/120 .
On January 27, 2020, the Honorable Denny Chin, United States Circuit Judge of the United States Court of Appeals for the Second Circuit, received the Honorable Harold Baer Jr. Award from the Network of Bar Leaders. In his remarks, Judge Chin emphasized that the legacy of Judge Baer lives on in initiatives such as the SDNY’s Re-entry through Intensive Supervision and Employment (RISE) Court. Judge Chin presided over the first RISE Court, where he met with at-risk individuals on supervised release to encourage them to seek and maintain employment. Judge Chin was happy to report that at least ten of the individuals in the program were set to successfully graduate from the inaugural program.
Congratulations, Judge Chin, on the well-deserved recognition and thank you for all that you have done and continue to do for the legal profession. For more information about Judge Chin and the award, read the press release here.