7 Different Trust Types In Estate Planning
Different Trust Types in Estate Planning In estate planning, trusts can be used for the easy distribution of assets to heirs. Structured right, trusts can help you avoid taxation and a drawn-out probate process. They are a great way to ensure assets are immediately passed from the original owner to the heirs, and are managed according to […]
Chapter 13 Bankruptcy and Back Taxes
Chapter 13 bankruptcy is a great tool for debtors as it protects more assets than Chapter 7. It also provides a structure through which debtors can reorganize their debts and catch up on overdue payments, instead of facing a Chapter 7 liquidation. So, Chapter 13 can give a debtor a repayment schedule that is favorable so they can […]
Chapter 7 Bankruptcy, Good or Bad?
Running into loads of debt is a nightmare for anyone. That sick feeling you get when reading that demand mails from creditors can cripple you as you think of all the things you stand to lose if the creditor carries out all their threats. The good thing is that there are a few ways to […]
Chapter 13 Bankruptcy Frequently Asked Questions
What is Chapter 13 bankruptcy and how does it work? Chapter 13 bankruptcy is a part of the federal bankruptcy law that gives debtors relief from creditors. It permits debtors to repay part or all of their debts under the protection and supervision of the bankruptcy court. Under this proceeding, the debtor submits a repayment plan […]
What to Expect When Filing Chapter 13 Bankruptcy After Chapter 7
If you have filed for Chapter 7 bankruptcy in the past, you have likely had all of your qualifying debt wiped off. Once you received the official discharge after filing for Chapter 7 bankruptcy, debts like personal loans, medical bills, and credit card balances were chalked off. But you are still in debt. You know it only […]
Chapter 7 Bankruptcy Dismissal vs Discharge
Your bankruptcy case may come to an end, but how it is closed could significantly impact your debts and liabilities. If you’ve been considering bankruptcy as an option to solve your debt issues, you may have come across terms like “discharge” and “dismissal”. While these terms easily look like the same thing, they have very […]
The Estate Planning Process
As you make progress and go through life’s different milestones, it is important that you plan for what is to come. Some of these milestones are planned for, and these could include graduations, setting up a business, birthing children, and retirement. But others may come unexpectedly. Planning for the expected and unexpected allows you to prepare […]
Estate Planning Basics
Getting an estate plan is hardly the type of thing that tops the list of the average American. While some think the process is too expensive, others are yet to get around what it involves. Most people believe that working with attorneys and drafting legal documents will be stressful and time-consuming. But you can save […]
Considering Your 401k, IRA, and Other Investments In Estate Planning
Estate planning is not the most fun thing to put time into but it is very important to do. Estate planning is all about dividing all the things you own after you die, but this is about more than just your home. Your 401k, IRA and other investments can also play a role in your estate […]
