If you and your spouse own rental property in Brooklyn, it’s likely a nice source of income. Now that you’re divorcing, you’ll need to decide what to do with it. While determining what to do with a rental property is typically a less emotionally fraught decision than...
Polizzotto & Polizzotto Blog
What happens if you lose your job on a work visa?
For many people, the initial path that they choose to enter the United States is a visa. For instance, students who want to study abroad can get a student visa to attend a university in the U.S. Even those who simply want to stay for a short time can get tourist...
Becoming a citizen could help your family living abroad
The immigration process is quite complicated. You have to meet very specific standards to legally enter the United States, and there are many different stages involved in the process. Most immigrants wait years to become permanent residents, and many never become...
2 mistakes to avoid when contesting a will
A will is a vital part of estate planning. It offers numerous advantages, from naming beneficiaries of an estate to stating medical wishes should one become incapacitated. When the testator dies, the execution of the will should follow. However, it can be contested on...
Estate planning: 3 myths and truths about powers of attorney
Do you understand what a power of attorney (POA) document does? It allows you to give another party the authority to act on your behalf as a designated agent. You might think powers of attorney are only for emergencies, but having one or more in your estate plan means...
Could a neuropsychology exam help you plan for the future?
You’ve started to get a little concerned about your spouse’s cognitive abilities. You’ve noticed that they’re more forgetful than you think is normal, and their personality has changed. They’ve gotten more withdrawn and moody. Could this be the early signs of mental...
Protect yourself financially when divorcing a gambling addict
Two of the most common reasons for divorce are financial issues and addiction. If you’ve got a spouse with a serious gambling problem, you may well be dealing with both of these issues. If you’re considering divorce, it’s important to take steps to protect your...
NY Medicaid Expansion starts 1/1/2023
Effective January 1, 2023, New York State’s 2023 Fiscal budget is expanding the ability of New Yorkers who are 65+, blind, or disabled to qualify for Medicaid coverage by: raising the allowable amounts for Medicaid income eligibility level to 138% of the Federal...
Should you celebrate Christmas together with your co-parent?
Celebrating Christmas gets complicated for divorced parents, who still share custody of their children. They have to determine how they’re going to split up the holidays and what is best for their kids in this unique situation. In some cases, parents will determine...
3 assets you don’t want to include in your New York will
Your will allows you to name someone to serve as a guardian and take care of your children. It also allows you to control who receives specific property from your estate. Many people are overzealous in their desire to name beneficiaries for assets when planning their...