Recent posts

‘Too Little Too Late’: Bankruptcy Booms Among Older Americans

August 7, 2018

For a rapidly growing share of older Americans, traditional ideas about life in retirement are being upended by a dismal reality: bankruptcy.   The signs of potential trouble — vanishing pensions, soaring medical expenses, inadequate savings — have been building for years. Now, new research sheds light on the scope of the problem: The rate...  read more


I Don’t Have Much – Do I Still need to Plan My Estate?

July 17, 2018

Many people never seek out the advice and assistance of an estate planning attorney because they feel like they don’t have enough assets to really need one. They put everything in their will and leave it at that, but this isn’t always the best idea. In fact, even if you don’t think you have a...  read more


Bankruptcy – What Will it do to Your Credit?

July 1, 2018

Sometimes, it may seem like bankruptcy is the only option you have at the moment. However, it’s important to remember that bankruptcy isn’t something that’s done and over with in a matter of months. It’s something that will continue to affect you for years to come. While bankruptcy will stand on your credit report for...  read more


Estate Planning Mistakes

June 29, 2018

Contrary to a common belief, estate plans are not exclusive to the rich and famous; this is simply because most people have at least one thing of value to them such as a car, money, or a house. Many people can benefit from having an estate plan in place; what most people do not know...  read more


Signs That It Is Time to File for Bankruptcy

June 27, 2018

When you are in over your head with credit cards or medical bills are piling up, you may think going bankrupt is your only way out. However, bankruptcy is only meant to be a last-resort option. So when the medical bills, rent, and unpaid mortgage starts bringing auctioneers to your door, it may be time...  read more


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


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