Latino USA – No Money More Problem$ [podcast] (NPR)
NPR, June 2, 2017
Latino USA – No Money More Problem$ [podcast]
“On this week’s show we’ve been talking about money and wealth. One of the quickest ways to make a bunch of money is to inherit it. But as we’ve heard often people don’t make enough in their lifetime to leave money or real estate to their children or other relatives. And even in the cases where people do manage to secure a home or save up, actually handing that wealth down can be complicated. A lesson that Francisco Garcia Rodriguez learned the hard way….I met Francisco at the City Bar Justice Center in Manhattan, he was going to meet up with a pro bono lawyer….Despite all the changes throughout his life in New York, there were two things that Francisco could always count on: his grandmother and the affordable apartment where the three of them lived in uptown Manhattan. It was a coop, meaning an apartment where a board controls and owns the whole building, and this one was set up for low-income New Yorkers….Francisco got scared he was going to lose the apartment he lived in for over twenty years…he thought that he could maybe legally argue to the coop board that the apartment was his. And so he reached out the City Bar Justice Center, where I met him, and as it turns out, under New York State law, the apartment did belong to him.”
