by admin | Sep 26, 2018 | Estate Planning, will, Wills & Trusts
Grounds to Contest a Will in the state of New York. Under New York Law, a will contest may be based on the following grounds: Undue Execution The will was not properly executed. Revocation The will was revoked by the testator. Incapacitation The testator lacked the...
by admin | Sep 24, 2018 | Estate Planning, Mortgage Closing, Real Estate
Reverse mortgage Pro’s A reverse mortgage provides fast access to your equity. The mortgage is typically not paid until you die. Proceeds can be used for in-home care if you do not qualify for, or cannot get adequate in-home care, keeping you out of a nursing...
by admin | Sep 21, 2018 | Uncategorized
A man’s indebtedness is not virtue; his repayment is. Virtue begins when he dedicates himself actively to the job of gratitude. Ruth Benedict
by admin | Sep 19, 2018 | Creditors Rights, Debt Collection, Real Estate
Attempting to hide assets from creditors (con’t) Today’s example of how some people attempt to hide their assets is a Real Estate Trust. Some debtors legitimately cannot pay their debts. The law provides the bankruptcy process to help protect them. Our...
by admin | Sep 17, 2018 | Estate Planning, Mortgage Closing, Real Estate, Succession Planning, Tax Planning, Uncategorized
How much can I borrow with a reverse mortgage? How much you can borrow, depends on several factors. The age of the borrower. The older the borrower, the more that can be borrowed. Current Interest Rates The lower the interest rate, the more that can be borrowed. The...
by admin | Sep 14, 2018 | Estate Planning, Mortgage Closing, Real Estate, Succession Planning, Tax Planning, Uncategorized
Elders often struggle to find the resources to stay out of nursing homes and stay in their home, but still, need In Homecare. A reverse mortgage can be used to help make that happen. Medicaid can be used to pay for nursing home care, but stay at home care can be...
by admin | Sep 12, 2018 | Creditors Rights, Debt Collection
Attempting to hide assets from creditors (con’t) The Trust Fund Another more complex way people hide assets is by using a trust fund. Those people with a good amount of money may donate large amounts to a trust such as the Multi-Generation Trust where the...
by admin | Sep 7, 2018 | Creditors Rights, Debt Collection
One way debtors may try to hide assets is to gift them to trusted friends or relatives so they are exempt from creditors. Sometimes gifting these assets can cause problems if the person selected does not want to return the gift later on, and the gifter never receives...
by admin | Sep 5, 2018 | Uncategorized
Many people try to hide their assets in an attempt to evade losing them in the judicial process. There are several ways that people go about this process. Some people may use the names of relatives while other may even have different aliases and social security...
by admin | Aug 31, 2018 | Wills & Trusts
So now that you have your will, where do you keep it? It is highly recommended that your intended heirs have the contact information for your attorney and that your attorney keep a copy of your will. You should keep a copy as well. It should be kept safe in someplace...
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