What You Need to Know About Required Documents for Residential Transactions in Michigan.
Selling a house can be a complicated process, especially when it comes to legal requirements. There are many documents that you need to handle correctly to avoid future problems. Whether you are selling or buying a property, you need to keep track of specific financial and legal paperwork. In this blog, we will go over […]
A Legal Guide to Chapter 7 Bankruptcy in Michigan
Filing for personal bankruptcy can be a challenging decision to make, but for those dealing with insurmountable debt, it can be the best solution. Chapter 7 bankruptcy is a legal process that allows individuals to eliminate most or all of their unsecured debt, such as credit card bills and medical debt. However, there are criteria […]
Understanding Compensation Calculation in Personal Injury Cases in Michigan
Sustaining injuries in an accident can be a traumatic experience. In Michigan, if you have been injured in a personal injury case, you may be entitled to compensation. Compensation is the amount of money that the other party will have to pay to you as a way of recognizing and compensating you for the damages […]
Your 10 Point Estate Planning Checklist
Estate planning is one of the most important things everyone needs to ensure they get done well ahead of when it might become necessary. Life is unpredictable, so that means it is something you should do as soon as possible, especially once you have children. Without an estate plan in place at the point of death or […]
Benefits of Estate Planning For Your Children Under 18 And Guardianship
There are myriad reasons why a person might want to have an estate plan in place. It can range from wanting to specify the end of life instructions such as medical decisions and burial choices to the distribution of property. But for many people, caring for their children is the biggest priority, and rightly so. Without sufficient […]
The Benefits of Estate Planning As A Business Owner
Estate planning is important for everyone. There is a multitude of things that can be accomplished with a well-prepared estate plan. This could be making the end of life preparations and giving medical directions. It could also relate to the distribution of property among one’s heirs as well as the creation of trusts to cater for heirs […]
Filing Chapter 13 Bankruptcy vs. Debt Consolidation
If you’re looking to restructure your debts, there are a few options available to you. The most commonly used by individuals include Chapter 7, Chapter 13, and debt consolidation. While Chapter 7 sees an individual surrender his or her unexempt property to repay debts, Chapter 13 and debt consolidation are used to reorganize debt in a way […]
Chapter 13 Bankruptcy and your IRA & 401K
Most employees usually have an IRA, that is, an individual retirement account coupled with a 401(k). A 401(k) account is sponsored by an employer who matches your contribution to the account with a certain sum, say 50% of your contributions to the account. On the other hand, an IRA is individually managed and arranged with an investment firm. […]
Chapter 7 Frequently Asked Questions
How does it work? Chapter 7 bankruptcy is also often referred to as liquidation. It is a process where a person files a case before the bankruptcy court seeking relief from their debts because they are unable to discharge them for one reason or another. In the process, a person turns over his “non-exempt” assets to […]
