The Elderly, Consumer Debt, & Financial Abuse (August 2016) By: Michael B. Joseph, Esquire Senior citizens, those 65 years old and older are increasingly burdened by alarming levels of consumer debt. Retirement and fixed income is insufficient to sustain the monthly expenses for many older adults. Some are unable to pay ongoing regular monthly expenses, costs of health care, and make payments on mortgages, auto loans, and credit cards. […]
Estate Planning for Baby Boomers and their Families David J. Ferry, Jr., Esq. Ferry Joseph, P.A. As the first entrants of the Baby Boomer generation, those born between 1946 and 1964, hit 70-years-of-age this year, estate planning decisions have become a hot topic of discussion not only for Boomers, but for their families as well. In particular, many members of this generation have shown an increased desire to ensure that […]
The Rise of the Sharing Economy Brian J. Ferry, Esq. Ferry Joseph, P.A. With just a few clicks on a smartphone, we are now able to summon a driver to the front door, find our loveable pup a pet-sitter, and secure housing for our next sojourn out of town, without having to so much as pause the Netflix show in the meantime. Whereas this may have once sounded like a […]
47% of American Adults Living Paycheck to Paycheck James Gaspero, Jr., Esq. Ferry Joseph, P.A. According to a recent survey from the Federal Reserve Board, 47% of American adults said that they could not cover an emergency expense of $400 without having to sell a personal possession or borrow money. Though there have been multiple indicators evidencing this reality amongst a large swath of the population, it is still no […]
Battle Brewing over Prince’s Estate Thomas R. Riggs, Esq. Ferry Joseph, P.A. No matter your age or station in life, it is imperative that every person undertake proper estate planning. One needs to look no further than the exploits of the rich and famous for not just tabloid fodder, but for the difficulties an estate often encounters in the wake of an unexpected passing, especially when a will has not […]
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