How Does Probate Work in NYS, and Can It Be Avoided?

How Does Probate Work in NYS, and Can It Be Avoided?

By the Law Firm of Figeroux & Associates Probate is the legal process of validating a will and distributing a deceased person’s assets under court supervision. In New York State, this process can be time-consuming, costly, and public. Understanding how probate works—and whether it can be avoided...

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Are There Estate Taxes in New York, and How Can I Minimize Them?

Are There Estate Taxes in New York, and How Can I Minimize Them?

By The Law Firm of Figeroux & Associates Estate taxes can significantly impact the wealth you leave behind for loved ones, especially in New York State. At the Law Firm of Figeroux & Associates, we specialize in helping clients navigate complex tax laws to protect their legacies. This analys...

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Reverse Mortgages in NYC

Reverse Mortgages in NYC

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,”...

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How to Use Home Equity If You Have To: An In-Depth Analysis

How to Use Home Equity If You Have To: An In-Depth Analysis

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 considera...

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