Entries by nick

When Is Mortgage Insurance Required?

PMI is required on conventional loans if the loan to value ratio is greater than 80%. MIP (Mortgage Insurance Premium) is required on all FHA loans. What Is Mortgage Insurance? If you’re making a down payment of less than 20% on a home, it’s important to understand what mortgage insurance is and how it works. […]

Trust and Estate Planning for Same Sex Couples

  The state of New York established legal protections for same sex couples in 2011 with the passing of the Marriage Equality Act, before the 2015 nationwide legalizing of same sex marriage. Even in the face of this record of support, it is still important for you and your partner to establish your wishes in […]

Can a Special Needs Trust Help Your Loved One?

  The public assistance available to a person with ongoing medical needs, or an individual who struggles with intellectual disabilities, can be vital to their well-being. However, your concern over a loved one’s eligibility for funds can interfere with your desires to help them financially. A Special Needs Trust can be set up to provide […]

The Facts About Decedent Credit Card Debt

Have you thought about how your credit card debt might affect your loved ones after you are gone? Outstanding debts owed by the deceased can often be attached to an estate or trust if a creditor chooses to file a lawsuit against a decedent. A court judgment could drain the inheritance you leave your spouse […]

New York Estate Planning May Prevent Post Death Disputes

  Families and conflict seem to go hand-in-hand and most families have that member or topic that always erupts into a full-scale argument. Everyone wants their opinions heard and taken seriously, while no one wants to admit that they are wrong. If you love your family but you are not loving the way they seem […]

Common Estate Planning Mistakes ( How To Avoid Them )

  Estate planning is a smart move by anyone who wants to protect their assets and make sure their assets are used properly to help their family’s future. No matter what types of assets you have, it is important to get involved in estate planning to ensure your family’s future. If you are getting involved […]

Why Estate Planning Is Essential For Non-Tax Purposes

  Estate planning is often a legal and accounting device people use to take advantage of certain tax breaks and protect their heirs from heavy estate taxes. While it is true that estate planning can help anyone to get the tax breaks that are available, there are plenty of non-tax reasons for estate planning. Many […]

Basics To Include In Your Estate Plan

  When you ask the average person their feelings on an estate plan, most people will probably tell you that an estate plan is something reserved for the wealthy. The truth is that every consumer who has a family and any assets needs to have an estate plan in place. An estate plan will help […]

Why Millennials Are Estate Planning Early

  There is a lot being said about the Millennial generation, and not all of it is complimentary. But Millennials are proving to be very financial savvy and proof of that comes from the need for Millennials to start estate planning at very early ages. For most people, estate planning is something they do as […]