By Brian Figeroux, Esq. Estate planning is a critical step in ensuring your wealth is passed down according to your wishes. If you want to leave an inheritance for your children but not their spouses in New York State, careful legal planning is essential. Without the right protections in place, assets you leave to your […]
A new report by State Comptroller Thomas P. DiNapoli details New York’s financial impact from the 2022 Inflation Reduction Act (IRA), including close to $2 billion in funds for environmental and energy purposes that could help lower costs to consumers during New York’s transition to clean energy. DiNapoli warns there is now significant uncertainty about whether […]
By Brian Figeroux, Esq. Tax laws in the United States play a crucial role in an individual’s immigration status, particularly for green card holders. One of the key decisions for married couples when filing taxes is whether to choose Married Filing Jointly (MFJ) or Married Filing Separately (MFS). This decision has serious financial and legal […]
By Brian Figeroux, Esq. One of the most contested issues in a New York divorce is determining who gets the house. Since a home is often a couple’s largest asset, its division can be complex, especially when children, financial investments, and emotional attachments are involved. New York follows equitable distribution laws, meaning marital property—including a […]
By Brian Figeroux, Esq. Divorce is a complex legal process that involves multiple steps, including filing paperwork, court approvals, and final judgments. Once a divorce is finalized, many people need to check the status of their divorce or obtain an official copy of their divorce judgment for legal, financial, or personal reasons. This article provides […]
By Brian Figeroux, Esq. Alimony, also known as spousal maintenance in New York, is financial support paid by one spouse to the other after a divorce or legal separation. It is intended to help the lower-earning spouse maintain a reasonable standard of living and transition to financial independence. New York uses a formula-based system to […]
By Brian Figeroux. Esq. Divorce is a significant legal process that involves the division of assets, child custody arrangements, and financial responsibilities. Many couples seeking a fast and inexpensive divorce turn to online divorce services or notaries instead of hiring attorneys or going through the traditional court system. While online divorces and using a notary […]
By Brian Figeroux, Esq. Divorce can be a stressful and complicated process, but an uncontested divorce in New York offers a faster and less expensive alternative to traditional litigation. In an uncontested divorce, both spouses agree on major issues such as property division, child custody, child support, and spousal maintenance, allowing them to avoid lengthy […]
By Brian Figeroux, Esq. In New York, when a foreclosed property is sold for more than the outstanding mortgage debt and associated costs, the excess funds are known as surplus monies. These funds are deposited with the court and can be claimed by individuals or entities with a legitimate interest, such as junior lienholders or […]
By Esther Claudette Gittens | Editorial credit: Tada Images / Shutterstock.com The debt ceiling is the legal limit set by Congress on the amount of money the federal government can borrow to meet its financial obligations. When the U.S. government reaches this limit, it cannot issue new debt unless Congress votes to raise or suspend […]