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July 10, 2023July 10, 2023

AABANY Real Estate Committee Holds CLE Program on Matrimonial and Domestic Relations in Real Estate

On June 22, 2023, AABANY’s Real Estate Committee organized a highly informative CLE program over Zoom, entitled “Matrimonial & Domestic Relations in Real Estate,” featuring speakers Margaret T. Ling from Amtrust Title Insurance Company and Jackie Harounian from Wissleman, Harounian, & Associates. The program sought to shed light on the complex dynamics surrounding real estate disputes in cases of matrimonial and domestic relations. Wendy Yu from Yu Law, P.C. served as moderator.

Magaret T. Ling commenced the session by sharing various scenarios and real-life cases of divorced couples who found themselves entangled in real estate disputes. Following Margaret’s remarks, Jackie Harounian offered insights into the key considerations individuals should keep in mind when navigating the intersection of divorce and real estate. She emphasized the critical role of prenuptial agreements in establishing clear guidelines and protecting both parties’ rights. The presentation served as a valuable opportunity for attendees to gain a better understanding and foundation regarding proactive measures required in matrimonial and domestic relations when real estate is involved.

AABANY thanks Flushing Bank, Wissleman, Harounian, & Associates, Amtrust Title Insurance Company, and Korean American Lawyers Association of Greater New York for co-sponsoring this event. We also thank Margaret T. Ling and Jackie Harounian for sharing their expertise. Thanks to all the attendees for taking time out of their day to learn and support.

To learn more about the Real Estate Committee and how you can get involved, click here.

October 7, 2019October 7, 2019

AABANY CLE: Understanding Diversity and Inclusion in Our Everyday World

On October 2, 2019, the AABANY Real Estate Committee presented the CLE entitled: “Understanding Diversity and Inclusion in Our Everyday World.” The CLE was co sponsored by Flushing Bank, Big Apple Abstract Corp, KALAGNY, and Littler. It took place at Flushing Bank in New Hyde Park, New York and was attended by 40 attorneys. The panelists were AABANY’s very own William Ng, Shareholder at Littler; Samitha Lukose-Khan of Flushing Bank; and Sanjay Nair, Associate at Littler. The CLE was moderated by Margaret Ling, Co-Chair of the AABANY Real Estate Committee. The presentation invoked some powerful and informative discussion specifically on diversity, inclusion and bias in the legal profession.

Pictured above from left to right: Riyaad Khan of Allstate Insurance; Maria Silva of Flushing Bank; Margaret Ling of Big Apple Abstract and AABANY; Thomas Kane of Flushing Bank; Mohammad Yusuf of Flushing Bank; William Ng of Littler; Sanjay Nair of Littler.

April 8, 2019April 8, 2019

AABANY CLE: Selling and Purchasing Real Property from an Estate

On Wednesday, April 3, 2019, Margaret Ling, AABANY Development Director and Real Estate Committee Co-Chair, and Pauline Yeung-Ha, Pro Bono Committee Co-Chair, presented a CLE and networking event entitled “Selling and Purchasing Real Property from an Estate.” The event was hosted by Flushing Bank at their Astoria branch and was co-sponsored by AABANY, KALAGNY, and Big Apple Abstract Corp.

Margaret and Pauline discussed the importance of doing your due diligence when selling or purchasing real property from an estate. They shared horror stories of clients trying to cut corners and scam the system. One story involved a separated husband and wife, where the wife claimed that the husband had passed away and tried to rush the closing on the sale of their house. After some investigation, it was discovered that the husband was alive and well in Greece. The moral of the story was that as real estate attorneys it is imperative to not blindly trust surrogates and extremely important to demand proof of death to prevent future liability and to protect your license.

Margaret and Pauline also discussed the tax implications and other liabilities that accompany the different types of estate structures, which included Joint Tenancy, Tenants in Common, Tenants by the Entirety, Life Estates, and Trusts. They advised that practitioners can save themselves a lot of trouble by taking the time to do their due diligence and by speaking to title companies.

We thank Flushing Bank and its staff for hosting the CLE panel for the evening. Thanks also to the speakers and everyone that attended. One CLE credit in the area of professional practice was awarded to attendees. To learn more about the Real Estate Committee, go to https://www.aabany.org/page/120.