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

Tuesday, August 7th, 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

How the Tax Reform Affects Your New York Estate Plan

Monday, April 23rd, 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

Monday, April 16th, 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

Wednesday, March 21st, 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

Monday, March 5th, 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

Sunday, February 18th, 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

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

Thursday, January 18th, 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 Plan    Many of us save money...  read more

Estate Planning Mistakes - Part I

Tuesday, December 19th, 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

Sunday, December 17th, 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

Estate Planning for Your Pets

Saturday, November 18th, 2017

When we start to make our estate plans, we often think about how we can take care of our children, parents, or other family members if we pass away. However, for many people, pets are just as much a part of the family as any other member. This means many of us want to include...  read more

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