Moving My Practice

Dear Friends,

I am pleased to announce that effective December 22, 2009, I will be relocating my practice to 214 N. State Street, Syracuse, NY 13203. My new telephone number will be 315-295-1450. My new fax number will be 315-478-1687. My email will remain [email protected] My Saratoga office remains at 1104 Middleline Road, Ballston Spa, NY 12020.

I will continue to represent individuals and small businesses in the following practice areas:

• Estate Planning and Adminstration
• Trust Drafting and Implementation
• Business Development and formation
• Personal Injury Litigation
• Commercial Litigation
• Equine Matters, including partnership formation, syndication, licensing issues, or any other associated matter.

I look forward to this new opportunity and am excited to continue to provide the quality personal based representation you have come to expect from Engel Law Offices. Please contact me with any questions regarding this move.

Wishing you and your family the best during this holiday season.

Todd

Equine Law: Am I Just Horsing Around?

One of my favorite areas of practice is my equine law specialty. No, I am not just horsing around!

Since 1977, my family has owned and raced thoroughbred horses. We have been fortunate enough to race horses throughout North America and presently run horses at Aqueduct. We have raced at tracks from Oaklawn Park to Woodbine in Toronto. We have raced most frequently in the New York circuit. It is a wonderful experience and nothing is quite as thrilling as watching your horse running down the stretch going for the finish line. The question is whether a horse needs a lawyer?

No, the horse doesn’t need a lawyer, but others certainly do. I represent owners with respect to setting up the legal entities that make sense for their needs There needs to be agreements by and between the partners. There needs to be corporate resolutions in order to establish the business entity properly. Remember, while horse racing is a sport, and can be a lot of fun, the ownership of horses is intended to be a business.

If the business is successful, then tax issues are at play. Income taxes, sales tax, and other tax issues are continuously changing and need to be evaluated. The stimulus bill just signed by President Obama has created excellent tax advantages for horse ownership including depreciation of up to $250,000 for horses put into service during 2009. Sales tax issues can be reviewed and assessed dependent upon the state where a sale takes place.

Should a horse become extremely successful, there are additional legal issues to look at. These center around stallion syndication and arrangement of stallion servicing. Negotiating arrangements with the various farms where the stallion is to stand is necessary. Drafting agreements between the owner of the stallions and the owners of the mares is also required.

The racing side also has its need for equine attorneys. Licensing issues for owners, trainers and jockeys are an integral part of equine representation. Should a trainer or jockey have to serve a suspension, quality representation is necessary to protect their rights. Negotiation with the State Racing and Wagering Board can keep a trainer or jockey from having to serve a suspension and therefore keep the trainer or jockey from losing necessary income. Should a hearing be necessary, the lawyer can conduct the examination of witnesses and effectively represent a trainer, owner or jockey in front of the Board.

Horse racing is a thrilling sport. Proper assistance can make sure you remain in the game for the long haul.

Todd Engel

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Legal Planning in a Different Economy

When I look around my community, I see a totally new and evolving economic paradigm. Sure there are layoffs everywhere. Circuit City closes and there are 30,000 fewer jobs. Magna may close their local plant eliminating what at its height was 8,000 jobs in the automobile industry. Five years ago, who would have ever thought that Lehman Brothers would no longer be in existence? If you ask me, it is a time for opportunity to grow and develop a business.

Globally the economy is shrinking. This is no surprise from picking up the newspapers. However, that offers an opportunity for an enterprising person to open and develop a new business. In my view, the old economy of manufacturing and big business is no longer viable in today’s marketplace. The manufacturing is being accomplished in other countries where the costs of doing business are less. These only makes sense in a capitalistic society, if I can make it cheaper and sell it on the marketplace, then why do I need to pay the overhead, taxes and other costs of manufacturing in this country. So, how are we going to survive and what can a lawyer do to help?

The best way to reinvigorate the economy in times such as the now is to invest in ourselves and be creative. For some, that means thinking outside the box of what they know to look for employment in new areas. For others, it is to examine what their strengths are and to start their own business. My thinking is the small to medium sized businesses are going to drive this economy forward because those are the businesses that are going to roll up their sleeves and move us forward through creative work. What industry that is in is to be determined. However this is an exciting time to be involved in legal representation of small closely held businesses.

How does a lawyer help you? A good business lawyer can help in each facet of business planning. Whether it is setting up a good quality business plan., determining the right entity to begin this venture with, whether it is a solo proprietorship, general partnership, limited liability partnership, or corporation, a lawyer can guide you through the process and help fill out the appropriate documentation. A lawyer will work with you to project financing needs and developing strategies for obtaining startup capital. A lawyer can advise as to the tax implications of owning versus renting your business location and other depreciation techniques. Use a lawyer at the beginning who you trust, and it can be mean money saved down the line.

Todd Engel

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WHY LAW AND WHY SPECIALIZE?

More often than not, people I meet invariably ask me what I do for a living. It is common place to ask that question, because it allows you to learn more about the person you are interacting with. I always answer that I am a lawyer. Never do I say that I am a certain type of lawyer. I let that conversation develop over time.

I then am asked why you became a lawyer. The short quip is that I am genetically predisposed, after being the third generation in my family to practice law. That is a flippant response that really does not touch on the real reason I became a lawyer. I have a desire to help people and the law offers me that opportunity to help my clients achieve their goals and desires.

So, then the question as to what type of law I practice comes up. For the first ten years of my practice, I said I was a general practitioner. I wanted to be that lawyer everyone went to for issues from cradle to grave. I did divorces, I did DWI’s. I did trusts, estates and probate. I even dabbled in Worker’s Compensation. I was everywhere and spread very thin in what expertise in any subject I could provide. I had a choice to make, I could specialize and find my niche or continue to spread myself across all aspects of the law and not truly have a focus for myself or my clients.

I changed that starting this year. I am now focused on wealth development and preservation. Sounds great Todd, but what does that mean? It means that I am focused on establishing and representing small and closely held businesses from their inception through successful operation. It means that I represent individuals in making sure that their assets are protected for the future. It means that I will make sure that the estate planning necessary for individuals meet their needs and the needs of their family. It means that I will make sure that assets survive for children and future generations. I also will work to determine the best ways to make sure any charitable gifts are done in the best manner.

Todd Engel

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Some more about me and my practice

Welcome to my blog! I want to thank you for taking the time to learn about me and the services that Engel Law Offices can provide you in developing and protecting your wealth. It is important for you to know how I got to where I am in order for me to be able to guide and assist you in developing and protecting your assets for future generations.

I am a third generation lawyer practicing in Fayetteville, NY, just outside of Syracuse. I have a solo practice focused on business development, estate planning, commercial litigation and equine law. In other words my practice is geared to wealth development and protection for yourself and future generations. I have developed this niche with one focus in mind: listening and responding to your needs.

A graduate of Syracuse University and Syracuse University College of Law, I have developed a practice that is singularly focused on meeting your needs from beginning to end. You will work with me directly and my focus is solely on making sure your goals are met, whether that is with your business or your estate. I want to make sure that you maximize your ability to grow your small business and make sure that once you have, the proper estate plan is in place. Engel Law Offices is committed to wealth development and protection. I look forward to working with you.

My grandfather, S. Sanford Engel, practiced law in Syracuse starting in 1931. He had a general practice, focusing on criminal defense until his death in 1966. He was well regarded throughout the Central New York community for his legal ability. Developing the ability to listen to his clients was a cornerstone to his practice, something that was passed down to my father, and then to me.

My father, Richard Engel, began his practice in 1961 with the Appellate Division, Fourth Department where he was a confidential law clerk. In 1966, he returned to Syracuse and practiced for the next 42 years. He specialized in civil and commercial litigation turning towards estate planning, corporate representation and equine law in order to meet the needs of his growing clientele. He taught me the values of developing a strong client relationship and being an effective representative for your clients needs and desires. Since 1977, he owned thoroughbred race horses, developing a national reputation as an equine advocate.

Today, I am the managing attorney of Engel Law Offices. Our practice is committed to working with you and your company in developing plans for maximizing and preserving your wealth. That goal is achieved through planning for your new business venture and ensuring that whatever business you are starting is legally secure and the best business plan is drafted for you. We will be there for your needs and should litigation be necessary, Engel Law Offices has successfully tried cases to verdict throughout New York State and will work hard on your behalf.

I look forward to sharing my thoughts with you in this blog. Each week I will write on a different topic, whether it is business development, corporate, estate planning or equine law, I hope you will find it interesting and informative.