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 […]

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 […]