When you file for bankruptcy while renting a home or apartment, it is an excellent way to stay in control of any debt you have. The reason is that the property you are renting is not your asset. This means the property itself is not at risk, and it is not a liability in the... read more
There are many advantages when you have an attorney who specializes in estate planning. However, having one may not always be mandatory. Regardless, there are many situations where the need for an estate planning attorney would be beneficial so that their estate remains inclusive and its purpose is met. Below are a few circumstances when... read more
Going through a financial change can happen to anybody, and as a debtor going through bankruptcy, it can be even more stressful. With Chapter 13, it´s important to have a payment plan that provides flexibility. Flexibility is what you get when you file a Chapter 13 bankruptcy so that you can pay everything as agreed.... read more
Many times in life, when we forget the small details in an estate plan, it can cause huge losses for others. These losses can then turn into last-minute stress as changes and fixes need to be completed. Plus, if changes or corrections don´t happen, then your family may be out of more money than they... read more
Filing for bankruptcy may be caused by many different reasons regardless of you living within the United States or out of the country. However, you may see a more complicated process when it comes to living abroad. Several rules have been established regarding chapter 7 and 13 bankruptcy for those who reside outside of the... read more
When it comes to estate tax, it is good to mention that an estate tax almost no longer exists in the US. This is due to the fact that the amount of the estate will need to be a certain amount before it will be required to pay any tax. In 2021, the amount that... read more
As a testament, the will is a legal document stating a person´s final wishes following their death. With that, it is considered to be a major part of the individual´s estate. Although the will can be created by the individual, it can also be produced with the help of an attorney specializing in estate planning.... read more
When you decide that bankruptcy is the only option to get out of debt, it can provide you with a great sense of financial freedom. When you feel overwhelmed by the sheer amount of debt, bankruptcy may be the answer you are looking for. Today, bankruptcy is not seen as a bad thing as it... read more
Bankruptcy might not be your preferred solution, but it can be the saving grace you need to have a fresh start. Here's why? Bankruptcy offers you the ability to discharge your debt. This means that your debtor will no longer be able to take action against you if you file for bankruptcy. Think about it,... read more
What is irrevocable life insurance trust (ILIT)? ILIT is a tool in estate planning that protects your life insurance benefits from being subject to estate tax. Usually, the life proceeds of your life insurance policy are included as part of your gross estate. But with an ILIT that is adequately drafted, these proceeds can be... read more