Managing the costs of long-term care and healthcare as you age can be a challenge. The cost is often more than you can afford with your savings and other income. For that reason, it is smart to plan ahead so that you can qualify for Medicaid, which provides many free...
What if my mother hates the nursing home?
There are multiple reasons why moving your loved one into a nursing home is the right choice. However, it is natural for you to have concerns if your loved one says that he or she is unhappy.. However, even if the nursing home is top quality, there is often a period...
How should you review your estate plan?
It can sometimes take years to draft and create an estate plan. The idea of reviewing the entire thing every few years may thus seem overwhelming. But the good news is, you do not need to review every part of your estate plan every single time. In fact, you can...
What are reasons to challenge a will?
People often tend to assume that their last will and testament will be the final word on what happens with their assets after their death. However, there are several reasons why someone may challenge the validity of a will. When people wish to contest a will, they...
Three reasons to start your estate planning early
If you are a young adult, you might think that you should wait until you accumulate more money or property before sitting down to compose a will. Waiting might be a mistake, however. A completed estate plan can provide your family members with crucial guidance that...
What is debt collector misrepresentation?
As someone struggling with debt, you have likely dealt with debt collectors before. It is their job to collect on the money that you owe. But the Fair Debt Collection Practices Act (FDCPA) ensures that debt collectors cannot overstep their bounds when fulfilling their...
Bankruptcy options available to sole proprietors
The different options available to file for bankruptcy can be confusing. As an individual, you may find that some options are only for businesses, and vice versa. However, if you operate a sole proprietorship, you may find that there are many more options available to...
Can you sell your home in Chapter 13?
Many people who enter bankruptcy worry that they will lose their home. Since the intent of bankruptcy is not to leave you destitute, you stand a good chance of holding on to your house. But what if you have petitioned for Chapter 13 bankruptcy and you want to go ahead...
How difficult is it to rebuild credit after bankruptcy?
If you are one of the millions of people who recently went through bankruptcy, you are now ready to begin your new financial life. Unfortunately, you had to give up all your credit cards as part of your bankruptcy. Therefore, reestablishing your credit probably...
What happens to your retirement benefits during Chapter 7?
One of the best ways to prepare for personal bankruptcy in New York is to understand what will happen with your assets. Depending on your situation and the unique circumstances that ultimately resulted in filing for bankruptcy, what happens to your assets could look...
