Lawyers

  Second Marriage and Your Estate Plan Love may be lovelier, but it is a whole lot more complicated, the second (or third…) time around. For one thing, we tend to be older.  This means we have fewer working years ahead, within which to recover from a financially devastating break-up.  I believe it is critically important for folks to have a PreNup, to ensure that each party maintains a baseline degree of financial security in the event of a split. The biggest complicating factor, in my opinion, is adult children.  I have yet to see a second marriage without strain caused by the party’s respective children.  Without a good plan in place, we often see WW3 upon the death of the first spouse.  This usually involves ownership of the primary residence.  If I am the owner of the house, and my new younger husband moves in, he will likely ask to have his name put on the deed.  He will tell me that he will “of course take care to ensure tha...

  What is the Corrections Act and How Can it Help My Bankruptcy Case? If you live in New York and wanted to restructure your debt through Chapters 11 or 13 bankruptcy, the Corrections Act has, at least temporarily, lifted one of your roadblocks. The Challenge of Debt Limits When it comes to both personal and small business bankruptcy, the options are complete liquidation (Chapter 7) or restructuring your debt (Chapters 11 and 13). The challenge with restructuring is that there are debt limitations imposed. Up until June 21, 2022, individuals with unsecured debts over $465,275.00 and secured debts of over $1,395,875 were ineligible to declare Chapter 13. In expensive real estate markets like the New York metropolitan area, not to mention student loans, business debt, medical debt, and taxes, these limits were easily exceeded. For small businesses that wanted to restructure under Subchapter V of Chapter 11, the debt limit was $2,725,625. If you owed more than ...

  CELEBRITY DIVORCES In the captivating world of glitz and glamour, the public’s fascination with celebrities extends beyond their on-screen performances. The lives and relationships of famous individuals have always been under a microscope, and one aspect that garners significant attention is their marital status. Celebrity marriages, often showcased as fairytales, also experience their share of turmoil and heartbreak. In this article, we explore the intriguing topic of “Most Divorced Celebrities,” delving into why these high-profile separations attract immense public attention and how celebrities cope with the challenges of divorce in the limelight. Why Celebrity Marriages Attract Attention Celebrity culture has permeated society, making headlines and paparazzi shots a part of daily life. As a result, the public’s insatiable curiosity about the personal lives of stars drives an unending interest in their romantic relationships. The allure of seemingly perfect celebri...

Introduction: Are you facing overwhelming debt and considering filing for bankruptcy in Long Island? Look no further than the experienced legal team at Pryor & Mandelup. Our Long Island Chapter 7 lawyers are dedicated professionals who can guide you through the complex process of Chapter 7 bankruptcy, providing you with the necessary knowledge and support to achieve a fresh financial start. In this article, we will delve into the role of a Chapter 7 lawyer, discuss the benefits of working with an attorney, and introduce you to Pryor & Mandelup, the leading bankruptcy law firm in Long Island. Understanding Chapter 7 Bankruptcy: Chapter 7 bankruptcy, also known as “liquidation bankruptcy,” offers individuals and businesses an opportunity to discharge their debts and start anew. This type of bankruptcy involves the liquidation of non-exempt assets to pay off creditors. However, many people are often hesitant to file for Cahapter 7 bankruptcy due to the legal complexities involved...

Estate Planning Attorney In Queens NY How Can An Estate Planning Attorney In Queens NY Help You Estate planning is a complicated process that can be daunting to plan for. In addition to making sure your loved ones are taken care of, you also need to make sure that your estate is managed correctly after you pass away. Here we will discuss  estate planning attorneys in Queens, NY . What is an Estate Planner? An estate planner is a lawyer who helps people create wills and trusts, as well as other legal documents, to ensure their assets are appropriately distributed after they die. Estate planners also help clients protect their assets in case of a disability and plan for the care of their loved ones. What Do Estate Attorneys Do? Estate planning attorneys are lawyers who specialize in estate planning. Estate planning is the process of preparing for your future and making sure your assets are distributed according to your wishes when you pass away. In addition t...

 If you live in New York and are interested in real estate investing, you may be able to use a commercial mortgage on an investment property. But if things go wrong, there are specific differences between the foreclosure process of residential and commercial mortgages. Residential vs. Commercial Mortgages Residential mortgages usually offer better rates and terms, so commercial mortgages tend to be only used for commercial ventures. However, there can be areas of overlap: When you want to buy a residential structure (up to four units in the building) to use as a rental property When you want to hold your primary residence in your company’s name If you want a short loan term – Typically commercial loans are shorter term; 1-5 years is not uncommon If you have a tough time getting personal financing due to bad/no credit or lack of documentation. Commercial mortgages do not involve as much documentation as long as the collateral value and property income c...

GETTING A CONTESTED DIVORCE IN NEW YORK: EXPERT LEGAL SUPPORT Introduction : Contemplating a contested divorce can be emotionally and legally challenging. When facing such a situation in New York, it’s crucial to have the support of an experienced and knowledgeable divorce lawyer. At Beckerman & Granados PLLC , we understand the complexities of contested divorces in New York and are here to guide you through the process with compassion and expertise. In this blog post, we will explore what a contested divorce entails, the importance of hiring a skilled lawyer, and how our team can assist you during this difficult time. Understanding Contested Divorce in New York : A contested divorce occurs when spouses are unable to reach an agreement on one or more key issues, such as child custody, division of assets, alimony, or child support. Unlike an uncontested divorce, where both parties agree on all aspects, a contested divorce often involves disputes and requires court intervention to se...

  Regaining Financial Stability: Unveiling the Long Island Chapter 13 Attorney's Expertise at Pryor Mandelup Are you struggling to make ends meet and facing mounting debt? If so, you’re not alone. Many Americans are burdened with debt that they simply can’t pay off on their own. Fortunately, there is a solution: Chapter 13 bankruptcy. Chapter 13 bankruptcy is a form of bankruptcy that allows you to restructure your debts into a manageable payment plan. This can help you get back on track financially and regain control of your finances. Here are some of the benefits of Chapter 13 bankruptcy: Stop Foreclosure: If you’re facing foreclosure, filing for Chapter 13 bankruptcy can stop the process and give you time to catch up on missed payments. Your mortgage arrears can be included in your repayment plan. Protect Your Property: Chapter 13 bankruptcy allows you to keep your property, including your home and car. You can include your secured debts in your repayment ...

  Elder Lawyer In Queens NY Do You Need An Elder Lawyer In Queens NY When dealing with the complex issues that come with aging and planning for the future, it can be challenging to know where to turn. This is especially true if you are unfamiliar with what an elder law lawyer does, how and when to hire one, and what legal services they provide. In this article, we’ll cover all those topics on elderly lawyers in Queens, NY. What Does an Older Adult Law Attorney Do? An older adult law attorney can help you with various legal issues related to aging and disability. These may include: Drafting estate planning documents, such as wills, trusts, and advance directives. Probating estates in the event of death. Representing individuals seeking guardianships or conservatorships over those who cannot make decisions due to mental incapacity or physical impairment. How To Find an Older Adult Law Attorney If you are looking for an elder law attorney, th...

  My Credit Card Debt is Out of Control! If you live in New York and have more credit card bills than you can handle, there are several things you can do. The Post-Holiday Wake-Up Call Every December you swear you aren’t going to go overboard on spending for the holidays. And every January you get your credit card statements and realize that you did it again. If you’re credit card debt is becoming too much to manage, here are some options for you. What You Can Do on Your Own First things first – you need to set up a budget. The last thing you want to do after clearing your credit card debt is to start all over with more out of control spending. Experian has a good overview on how to set up a budget   https://www.experian.com/blogs/ask-experian/how-to-make-a-budget/ . But basically, for paying down debt you should: Figure out your total income – where your money comes in from Figure out your monthly expenses – concentrate on necessities (food, h...