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Harry Gross writes about personal finance for the Daily News.
Posted 2:08am
Dear Harry: I have a credit card with an open balance of more than $6,000. I had originally transferred a $5,000 balance from another card and added about $1,000 in new purchases. I no longer use this card, and I have cut it up. However, I'm having troubl
 
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Dear Harry: For as long as I can remember, you have urged people to have someone appointed as power of attorney, and I think that's a very good idea. For the past several years, I have told my mother to do just that, but she was dragging her feet. Well, s
 
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Dear Harry: My stepdaughter's natural father recently died. He left no other heirs. There was no will, and no joint accounts that we know of. I recommended to her that she retain a Philadelphia lawyer because he lived here. She lives in Texas. Well, this
Dear Harry: Back in 1996, I bought a house directly from the owners. Unfortunately, I was arrested before the house was completely paid off. When the deed arrived in the mail, my then-fiancee had her name placed on the title rather than mine. About a year
Dear Harry: I have a creditor with whom I have had a long-running dispute. I don't know if he intends to sue me or take any action at all. However, I have a home that I'd like to protect. If I put the house into a revocable trust, will that protect me from having him put a lien on it?
Dear Harry: I'm 58 years old, single, own my own home clear of a mortgage, have $10,000 in a checking account (interest-bearing), $10,000 in short-term CDs, $135,000 in an IRA, own a car outright, retired with a pension of $5,000 a month, have life and lo
Dear Harry: In January 2007, I rear-ended another car. The car had relatively minor damage, and the driver had no visible injuries. He said he was all right when a policeman asked him directly if he wanted to go to a hospital. He had unlimited tort covera
Dear Harry: I was laid off in May, and I don't want to work for someone else anymore. There is a retail business for sale in a nearby shopping center that I know I can operate at least as well as the present owner. He's retiring, and he wants $150,000 for
Dear Harry: I lived in Ohio until 2003, when I moved to Philly. My tax returns were prepared by a fellow in a real-estate office, and I never had a problem . . . until now. I was just notified by the IRS that my tax returns for 2000 through 2002 are going
Dear Harry: I was finally able to evict a tenant who lived in a house that I inherited last year. She still owes me rent for three months beyond the amount that I have in her security deposit. I know she has a very good job, but there's a lot of bad blood between us, so she wants to hurt me as much as she can in any way she can. What's the best way to get her to cough up that rent?
Dear Harry: We have only one child, a son. He's married to a very fine lady, and they have three kids. Unfortunately, they both spend money like there's no tomorrow. We are both elderly and not well. We want to leave our modest estate in such a way that o
Dear Harry: My husband applied for $300,000 of life insurance in August 2006. Just before he applied, he had a diagnosis of a serious cardiovascular problem. He did not reveal it on his application, for obvious reasons. The insurance company doctor discov
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