News

Jul 19 2018

Prominent Attorney Joins Luxury Law Group’s New York Office

  Luxury Law Group is pleased to announce the addition of business and litigation attorney Christopher R. Ross to the firm. Licensed to practice in New York, New Jersey, and the District of Columbia, Ross will be leading the New York office   With fifteen years of experience...

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signing contracts
Jun 26 2018

Where Should Good Faith Deposits and Escrow Be Held?

Let’s explore the question of should you hold your client’s deposit? When should a good faith deposit (“deposit”) be made? Simultaneously with the offer on a yacht or when the Seller signs the Buyer’s Offer. Lastly, who is the best person to hold this deposit. A...

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signing-yacht-contract
Mar 20 2018

Federal Court Ruling Has Serious Implications for Yacht Closings

The world of recreational boating finds itself with ever more regulation and complication with numerous parties and contracts involved. While, traditionally, the vast majority of boat deals are closed with the assistance with either an in-house or third party documentation agent, there is an upward...

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National Marine Lenders Association
Mar 20 2018

Luxury Law Group Joins the National Marine Lenders Association

Luxury Law Group, is pleased to announce that it has joined the National Marine Lenders Association (NMLA) as its newest Associate Member.  Serving as an invaluable resource for the marine industry and consumers alike, the wide availability of boat loans and financing for yachts throughout...

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dual-agent-yacht-broker
Mar 19 2018

Are You Acting as a Duel Agent?

Hey Brokers…do you think you are acting as a “dual agent” in your transaction? You may have heard of it before, but what should you know about it? The term “dual agency” might lead you to think about double commissions, something perhaps to be happy...

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wire-fraud-advisory
Mar 15 2018

Watch Out for Wire Fraud

Wire fraud is ramped and simple to commit. Wire transfer instructions are emailed to the buyer from the seller or seller’s representative. The buyer complies with the instructions to the “T”. Within hours, the seller contacts the buyer asking if the money has been sent...

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Feb 14 2018

Luxury Law Group Partners with Yacht Brokers Association of America

  Luxury Law Group, is pleased to announce its partnership with the Yacht Brokers Association of America (YBAA) and sponsorship of their Certified Professional Yacht Broker program (CPYB).  Awarded only to the most qualified brokers, CPYB certification is the boating industry’s brand of excellence for yacht sales...

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Jan 25 2018

Finance Monthly Honors Danielle J. Butler with Lawyer of the Year Award

[caption id="attachment_17261" align="alignleft" width="200"] Danielle J. Butler, Co-Founder of Luxury Law Group[/caption] Luxury Law Group is enthused to announce that Danielle J. Butler has been selected as winner of the Lawyer of the Year – USA award by Finance Monthly.  The Finance Monthly Law Awards recognize law...

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tax-reform-boat-owners
Jan 19 2018

What the New Tax Bill Means to Boat and RV Owners

Last month, President Trump signed the Tax Cuts and Jobs Act of 2017, the biggest tax reform in a generation.  Highlights of the bill include the absence of a new luxury tax on boat sales as well as preservation of the second-home interest deduction for boats...

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