Recent posts

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


Estate Planning Mistakes - Part I

December 19, 2017

Your estate plan is an incredibly important document that you need to be accurate. As an outline for how your loved ones, belongings, and assets should be taken care of after you pass away, you can't afford to have your estate plan be poorly written or incorrect.   Unfortunately, many individuals make mistakes with their...  read more


New York Bankruptcy Exemptions

December 17, 2017

When you file for Chapter 7 bankruptcy, you're able to settle your debts by selling your assets and paying off whatever debtors you can. However, when you go through the liquidation process, there may be certain assets or items you don't want to sell. New York's bankruptcy exemptions can help you protect some of those...  read more


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