Lawyers

  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 to helping clients plan for the ...

  How Do Courts Deal With the Eligibility of a Debtor in Chapter 7 of the Bankruptcy Code in Terms of the Housing Allowance of a Debtor in Foreclosure or in Eviction, Who Has Not Paid Their Mortgage or Rent For a Protracted Period of Time? Introduction When financial troubles loom large, individuals facing the prospect of losing their homes due to foreclosure or eviction often consider filing for Chapter 7 bankruptcy as a potential lifeline. This legal process, governed by the Bankruptcy Code, offers a fresh start to debtors by liquidating their assets to pay off creditors. However, the eligibility of a debtor in Chapter 7 bankruptcy , especially in relation to their housing allowance and unpaid mortgage or rent, is a complex issue that courts carefully scrutinize. Chapter 7 Bankruptcy Overview Before delving into the specifics of housing allowance and eligibility, it's crucial to understand Chapter 7 bankruptcy. This chapter of the Bankruptcy Code focuses on liqui...

SMOOTH SAILING: THE BENEFITS OF AN UNCONTESTED DIVORCE LAWYER IN QUEENS, NY Introduction: Facing the difficult decision of divorce is never easy, but it doesn’t have to be overly complicated and contentious. In Queens, NY, an uncontested divorce lawyer can be your guiding light during this challenging time. An uncontested divorce offers a more amicable and efficient process, allowing both parties to reach agreements on crucial issues without the need for lengthy court battles. In this blog post, we will explore the advantages of hiring an uncontested divorce lawyer at  BG Divorce Lawyers  to navigate you through this emotional journey and achieve a swift and peaceful resolution. Understanding Uncontested Divorce: Before diving into the benefits, let’s first clarify what an uncontested divorce entails. In an uncontested divorce, both spouses work together to resolve issues such as child custody, division of assets, spousal support, and more, without the intervention of a judge....

  Long Island Chapter 7 Lawyer: Helping You Navigate Bankruptcy with Confidence 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. H...

  Revenue Rule 2023 Don’t Let Overzealous Tax Planning Trigger New Taxes! My phone has been ringing off the hook-(ask someone over 50 to translate). The calls-and emails, are in response to recent IRS Revenue Ruling 2023-2. The ruling states that assets transferred into an irrevocable trust, which are not includible in the taxpayer’s Estate at death, will go to the new owner with “carryover basis” as opposed to a “stepped up” or Fair Market Value cost basis. In other words, assets in this trust go to the trust beneficiary with a big latent tax hit. Many people who have irrevocable trusts, are understandably panic-stricken by the notion of causing capital gains taxes for their loved ones. Who should be worried by this recent ruling? Only people who chose the wrong trust! Here are some pointers to help you determine your tax exposure. Someone with Estate assets valued at less than the current Estate tax threshold (Currently .9 million on the federal level) is nor...

  What are a Referee Hearing and Notice of Computation in a Foreclosure Case? If you live in New York, and are going through the foreclosure process, there are a number of terms you are going to come across. Today we’ll be talking about a Notice of Computation and a Referee Hearing and what they mean to you in your foreclosure process. How Does the Court Determine How Much I Owe? In a foreclosure proceeding, the court needs to determine how much you owe to the lender/bank that holds your mortgage. The court wants to know the total amount, including the mortgage loan (balance on the date of default), plus interest, taxes, insurance costs, and other collection expenses including attorney fees, inspection costs, filing fees, etc. They use this figure when ordering a Judgment of Foreclosure and Sale. There are two ways the court can get this information – through a Referee Hearing or through a Notice of Computation. What is a Referee Hearing? In foreclosure ...

  Long Island Chapter 13 Attorney: Regain Financial Stability Through Debt Repayment Introduction: Understanding Chapter 13 Bankruptcy: Chapter 13 bankruptcy, also known as “wage earner’s bankruptcy,” is designed for individuals with a regular income who are seeking debt relief. Unlike Chapter 7 bankruptcy, Chapter 13 allows you to reorganize your debts into a manageable repayment plan over a three to five-year period. This option enables you to keep your assets and make affordable monthly payments to creditors. The Role of a Long Island Chapter 13 Attorney: A Long Island Chapter 13 attorney specializes in bankruptcy law and provides crucial guidance and representation throughout the Chapter 13 bankruptcy process. Here are some key responsibilities of a Chapter 13 lawyer: Eligibility Assessment:  Your attorney will review your financial situation, including your income, expenses, and debts, to determine if you qualify for Chapter 13 bankruptcy. Th...

FACING PROBLEMS WITH A QUEENS, NEW YORK CONTESTED DIVORCE LAWYER Introduction: Divorce is never simple, and when arguments and conflicts develop, the process may become even more difficult. A  contested divorce attorney in Queens , NY may be your advocate and ally during this emotionally charged process. When spouses cannot agree on critical matters like child custody, asset distribution, and alimony, a disputed divorce may be unavoidable. In this blog post, we will look at how a contested divorce lawyer from  BG Divorce Lawyers   can assist you manage the complexity of a contested divorce while also safeguarding your rights throughout the process. Understanding Contested Divorce: In a contested divorce, both spouses are unable to come to a resolution on specific aspects of their divorce, leading to disputes that require intervention from the court. Such disagreements can involve child custody arrangements, division of complex assets, alimony, and more. When emotions run ...