For more than 30 years, I have practiced law with an emphasis on litigation and appeal of disputes involving civil law matters.Contact
Since the creation of Mr. Vara’s firm in 1993, Lynn has been the firm’s Paralegal. Lynn has a thorough knowledge of civil litigation, corporate, real estate, estate planning, and probate.Contact
Several years ago, an unreasonable lawsuit was filed against me and my family. I hired Mr. Gilbert Vara, Jr. to represent my case, and that decision is one of the most important ones I have made in my life. Mr. Vara and his very capable Legal Assistant, Krystin Pechacek, treated me in the most professionally proficient manner, handling matters on time and always corresponding with me, while maintaining a friendly and approachable relationship.
Then, when the time came to take the deposition of the person who filed the lawsuit, Mr. Vara questioned her with dignity and professionalism. I was impressed by this man who I would definitely call a Gentleman. I’m happy to say that Mr. Vara won this lawsuit for me. Therefore, I would highly recommend the law firm of Gilbert Vara to anyone, and should the need arise, I will call him again.
When dealing with legal matters such as divorce, my expectations were to keep it as simple and as stress-free as possible. Gilbert Vara certainly made that happen. Gilbert sat with me upfront and went through the details of my situation in order to fully understand my needs as well as what I should expect from him.
He took time to discuss my case, and also took time to understand me personally. Gilbert was very clear in laying out a plan for my benefit, how the matter will proceed and finally come to a close. I was able to talk through anything I did not understand and he and his staff were very helpful keeping me updated with the progress of my case. Finally, the case came to a close as simply as possible and without surprises.
The Treasury Department recently issued final regulations regarding investments in so-called opportunity zones. The Qualified Opportunity Zone program, which offers tax incentives for investing in economically blighted communities, was created under the 2017 Tax Cuts and Jobs Act. Investment vehicles known as Opportunity Zone Funds allow investors to defer capital gains for up to 10 years, and possibly receive greater tax advantages, when they reinvest capital gains (from any investment, such as stocks, real estate or business interests) into census tracts designated opportunity zones. (There are 8,700 opportunity zones under the law.) As of this year, opportunity-zone investments are no…..
The year 2019 was the best year for mortgages since the crisis in 2006, the Wall Street Journal reported. The lending boom amounted to $2.4 trillion in home loans, an increase of 46 percent since 2018, according to industry research group Inside Mortgage Finance. The trend is expected to continue this year. According to the Mortgage Bankers Association, refinancings made up nearly 40 percent of mortgage originations in 2019. Lending, fueled by cuts in interest rates, led to a boost in housing prices and home sales, all of which meant a boost for the economy overall. At the end of…..
The IRS recently clarified the terms under which rental real estate owners can qualify for a new tax break under section 199A of the Internal Revenue Code. The section provides a tax deduction of up to 20 percent of an entity’s qualified business income, or QBI, for many owners of pass-through entities, including sole proprietorships, partnerships and S corporations. (QBI is defined as the net amount of qualified items of income, gain, deduction and loss from any qualified “trade or business,” but the law does not include a clear rule defining what constitutes a “trade or business.”) For rental real…..