In the United States, many undocumented immigrants live with constant uncertainty—about their future, their families, and their legal rights. One area that is often misunderstood or ignored is estate planning. Too many undocumented individuals believe that because they lack legal immigration status, they cannot write a will, create a trust, or protect their families and […]
By: Brian Figeroux, Esq. Purchasing a home is one of the most significant financial decisions a person will make in their lifetime. Beyond the immediate considerations of location, mortgage rates, and property value, there lies a deeper and often overlooked aspect: how this purchase integrates with your broader financial plan. Wealth management and estate planning […]
By Brian Figeroux, Esq., the Law Firm of Figeroux & Associates In today’s economy, where inflationary pressures persist and consumer debt continues to climb, falling behind on a car loan may seem like a temporary setback. However, delinquency on auto loan payments is often a major red flag—one that should prompt deeper financial reflection and […]
By Brian Figeroux, Esq. Embarking on the journey of homeownership is a significant milestone, especially in New York State’s dynamic real estate landscape. Understanding how much you can borrow is a crucial first step in this process. This guide outlines the steps to assess your borrowing capacity and navigate the home-buying process effectively. Step 1: […]
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 reverse mortgage is a financial product that allows homeowners, typically aged 60 or older, to convert part of their home equity into cash while retaining ownership of their property. This option can be particularly appealing to seniors who are “house rich” but “cash poor,” providing them with additional funds to support their financial needs. […]
For many baby boomers, retirement and aging bring significant financial considerations, particularly when it comes to long-term care. As healthcare costs continue to rise, some retirees look to their biggest asset—their home—as a financial resource. Using home equity to pay for long-term care may seem like a viable option, but it carries serious financial and […]
As older adults navigate financial planning, one of the most significant assets they own is their home. In situations where additional funds are needed—especially to cover long-term care costs—home equity can be a valuable financial resource. However, accessing home equity requires careful consideration, as different financial products come with varying risks and benefits. The three […]
By Brian Figeroux, Esq. Debt consolidation loans can be a useful financial tool for combining multiple debts into a single, manageable payment. However, they are not always the right solution for everyone. In some cases, taking out a debt consolidation loan can lead to even greater financial difficulties. This article explores when someone should avoid […]
Investing can be a powerful way to build wealth over time, but one often overlooked aspect of successful investing is managing taxes. While it’s impossible to completely avoid taxes, there are tax-smart strategies that can help reduce your overall tax obligations and maximize your investment returns. With proper planning and knowledge, you can minimize tax […]