Recent posts

Estate Planning The Essence of Wills and Trusts

June 15, 2018

When you talk about trust and wills in estate planning, most people think that it is about their death. The reality of the matter is that it is more than that. Your loved ones have the liberty of using wills, trusts or both to clarify on their wishes. The two are all about retaining control...  read more

The Pros and Cons of Filing for Bankruptcy

June 1, 2018

In order to relieve you from debts and help you start afresh financially, federal laws have a provision allowing individuals and businesses to file for bankruptcy. When you file for bankruptcy, you are basically stating that you are unable to clear your debts and that you would like to forge into a new future without...  read more

How the Tax Reform Affects Your New York Estate Plan

April 23, 2018

When we hear about tax changes, we almost always first think of how it affects our income. However, income isn't the only thing that a new tax plan can influence. In fact, tax reforms can also have an impact on your estate plan.   If you expect to leave behind a large amount of money...  read more

New York Bankruptcy Means Test Changes 2018

April 16, 2018

In order to file Chapter 7 bankruptcy in New York, you must first pass a means test. If you make more than the median income in New York, a means test determines if you qualify to file for bankruptcy.   However, as of April 1, 2018, the income and expense numbers have increased.   This...  read more

Life After Bankruptcy

March 21, 2018

Bankruptcy has helped many individuals out of difficult financial situations. However, knowing what life is like after bankruptcy can feel scary.   If you're considering bankruptcy, it's important to know what your credit situation will be like after the process is over. It's also important to fully understand how bankruptcy will influence your future purchases...  read more

Understanding Estate Litigation

March 5, 2018

After an individual dies, their estate plan goes into effect. When the individual has created wills, trusts, or other documents to clearly lay out where they want their property and assets to go, the court can then begin to distribute those items.   However, if a family member or other individual chooses to contest a...  read more

Chapter 7 vs. Chapter 13 Bankruptcy

February 18, 2018

Knowing whether or not filing for bankruptcy is the right choice for you can be challenging. Although bankruptcy can help certain individuals get out of debt, it isn't helpful for everyone. Depending on the kinds of debt you're dealing with, bankruptcy may not be able to help you.   There are two main kinds of...  read more

Trusts vs. Wills

February 16, 2018

Both trusts and wills can ensure your possessions, assets, and beloved items end up in the right hands after you pass away. While trusts and wills can protect your future, it's important to acknowledge that there is a difference.   Let's take a look at the major differences between a trust and a will. What...  read more

When Should I File for Bankruptcy?

January 19, 2018

Deciding to file for bankruptcy can be one of the most challenging decisions to make. While filing for bankruptcy can help you get out of crippling debt, it also isn't without consequences. This means you need to seriously think about whether or not bankruptcy is the right option for you.   Let's take a look...  read more

Biggest Mistakes You Can Make On Your Estate Plan - Part II

January 18, 2018

In our last post, we covered some of the biggest mistakes individuals make when creating their estate plan. Let's take a look at a few more problems you need to be aware of when creating your estate plan.   1. Not Including Your Retirement Account in Your Estate PlanĀ    Many of us save money...  read more