Real estate holdings can be worth hundreds of thousands or even millions of dollars, but they can also cause a lot of complications during estate administration. Siblings might fight over who gets to stay in the house or might suddenly realize that they can't qualify...
If You Can Live In It, We Can Help!
Year: 2020
Supporting your favorite charity in your estate plan
Besides taking care of your family's financial security and keeping control over your future medical care, your estate plan can also help you support causes you believe in as part of your legacy. In New York, charitable planning tools, including a charitable trust,...
Should you opt for a home inspection?
Buying a home is one of the biggest decisions you’ll ever make. It will impact you on many fronts, from your personal finances to the school your children attend to your commute to and from work. With so much on the line, it’s important that you understand exactly...
Protecting your home after a job loss
If you've recently lost your primary source of income because of a job loss, your biggest worry is likely to be how you will be able to keep up with your mortgage repayments in the short term. If you have savings, it's important that you use these carefully so that...
Foreclosure defense: How will you save your home?
Should you receive a notice of foreclosure from your mortgage lender, it’s critical that you take immediate action to protect your property and legal rights. If you simply hope for the best, it won’t be long before you’ve lost your home. On the plus side, there is...
Protecting home equity during New York Chapter 7 bankruptcy
When your debt spirals out of control, many parts of your life may wind up affected by your current state of financial hardship. People often struggle to balance their budget or meet all of their standard living costs, ranging from the need to buy groceries to the...
Why do I need a power of attorney for finances?
When you’re alert, healthy and able to make your own decisions, you won’t have many concerns about your ability to manage your own finances. Conversely, if you’re incapacitated for any reason, such as an injury or illness, you won’t be able to do this. And that’s why...
These estate planning mistakes could sneak up on you
When it comes to estate planning, there’s no questioning the fact that you want to make accurate and sound decisions that will benefit you and your family in the future. The problem with this is that there is nothing easy about the estate planning process. Here are...
When does a New York estate need to pass through probate?
If you will be the executor of an estate or if you are one of the beneficiaries who is waiting for the distribution of assets from the estate, you might wonder whether the estate needs to pass through the probate court in New York as part of the estate administration...
Will a fence or boundary shrub lead to adverse possession claims?
When your neighbor plants a shrub right on the property line or builds a fence that encroaches on your property, you may feel angry and also worried. The anger you feel likely comes from the disrespect implicit in planting or building so close to your property line....