When it comes to marriage, few topics stir up more confusion—and conflict—than property ownership. In New York State, understanding who owns what during and after a marriage isn’t always straightforward. From jointly titled homes to individual bank accounts, from inherited family property to shared business interests, the lines can get blurry fast. So whether you’re […]
By: Brian Figeroux, Esq. Purchasing a home is one of the most significant financial decisions a person will make in their lifetime. Beyond the immediate considerations of location, mortgage rates, and property value, there lies a deeper and often overlooked aspect: how this purchase integrates with your broader financial plan. Wealth management and estate planning […]
By: Janet Howard August is Make a Will Month—learn why creating or updating your will is essential for protecting your family, preserving your legacy, and ensuring your wishes are honored. August is Make a Will Month, a timely reminder of one of the most important steps you can take to protect your loved ones and […]
A reverse mortgage is a financial product that allows homeowners, typically aged 60 or older, to convert part of their home equity into cash while retaining ownership of their property. This option can be particularly appealing to seniors who are “house rich” but “cash poor,” providing them with additional funds to support their financial needs. […]
For many baby boomers, retirement and aging bring significant financial considerations, particularly when it comes to long-term care. As healthcare costs continue to rise, some retirees look to their biggest asset—their home—as a financial resource. Using home equity to pay for long-term care may seem like a viable option, but it carries serious financial and […]
As older adults navigate financial planning, one of the most significant assets they own is their home. In situations where additional funds are needed—especially to cover long-term care costs—home equity can be a valuable financial resource. However, accessing home equity requires careful consideration, as different financial products come with varying risks and benefits. The three […]
By Brian Figeroux, Esq. If a court determines that you owe money to an individual or a company, the creditor or debt collector may attempt to collect the debt by targeting your bank account. This process can result in your account being frozen or your funds being seized. However, both federal and New York state […]
Editorial credit: wisely / shutterstock.com NEW YORK – New York Attorney General Letitia James today released a guide to help New Yorkers use the state’s Exempt Income Protection Act (EIPA) to protect their money from debt collectors. The EIPA is a state law that prevents debt collectors from draining consumers’ bank accounts, leaving them unable to cover […]
Estate planning is crucial in securing your financial future and ensuring your loved ones are cared for after you’re gone. While many avoid thinking about it, creating a well-thought-out estate plan can provide peace of mind for you and your family. It allows you to control your assets, ensure your wishes are followed, and reduce […]
By Chris Tobias As we move into a new year, many of us set resolutions to improve our lives through better health, financial goals, or personal growth. But amidst all these plans, one crucial solution often gets overlooked: estate planning. It’s easy to put off such a sensitive topic, but the truth is, there is […]