Recent posts

What Debts Are Not Discharged in Chapter 7 Bankruptcy?

August 25, 2020

If you’ve decided to file bankruptcy, you’ve likely already looked over your options. For individuals, the most common options are Chapter 7 and Chapter 13. There are differences between these two options, including how debt is handled. Bankruptcy doesn’t simply wipe away all of your debts. If you’re filing for Chapter 7, there are some...  read more


Using a Trust vs Leaving Assets to Heirs in a Will

August 15, 2020

You can leave assets to your heirs in two different ways: through a will and through a trust. Both have their pros and cons, and neither is inheritably better than the other. If you’re beginning the estate planning process, it’s important to understand how these two options differ so you can determine which one works...  read more


What Are the Disadvantages of Chapter 13 Bankruptcy?

July 28, 2020

Filing for Chapter 13 can save you financially. However, like with any bankruptcy tool, you do need to make certain you’re using it correctly. There are some disadvantages to Chapter 13, and sometimes, those disadvantages do outweigh the advantages. If you’re considering bankruptcy, here are some of the disadvantages of Chapter 13 bankruptcy you need...  read more


What Is a Spendthrift Trust?

July 15, 2020

There are a number of different types of trust funds you can create to leave assets to your heirs. One of the more limited types of trusts is called a spendthrift trust. This type of trust does not give the beneficiary direct access to any of the money in the trust. Instead, the trust pays...  read more


When Is the Right Time to Declare Bankruptcy?

June 23, 2020

Bankruptcy can be a great tool for handling financial hardship and giving you the fresh start you need. However, most people who file for bankruptcy don’t do so at the right time. This means that while they do benefit from bankruptcy, they don’t get all of its benefits. How do you determine when to file...  read more


Who Can You Disinherit?

June 15, 2020

If you have had a major falling out with a family member, you may want to legally disinherit them. This term simply means you leave them nothing in your will. Legally, they are not entitled to any asset or part of your estate. Of course, as with any legal action related to your estate, there...  read more


Why You May Want to Leave a Token Inheritance to Someone

May 29, 2020

You may have heard of someone leaving one of their children or other relatives a dollar in their will. Why would they do that? Was it a joke? In many cases, leaving someone a token inheritance is not a joke. It’s actually a legal strategy that can help stop that person from contesting the will....  read more


Reasons Bankruptcy Is Nothing to be Embarrassed About

May 15, 2020

Have you declared bankruptcy? If you have, you may not be in any hurry to admit it. Bankruptcy is often looked down upon. People see it as a sign that you’ve failed, but that’s not necessarily the case. There are many reasons why bankruptcy is nothing to be embarrassed about. Here are a few of...  read more


Everything You May Need to List During a Bankruptcy

April 29, 2020

If you’ve made the decision to file for bankruptcy, one of the early steps is to make a list of all of your assets. However, before you can do that, you need to understand what the court considers assets. You may find that some of the things you own don’t count, but others you assumed...  read more


When Should You Change Your Will?

April 15, 2020

Your will is one of the most important documents you’ll ever write. It outlines your final wishes and what you want done with your assets. While a lot of people only think about writing their will once, it’s actually a document you should update from time to time. When should you change your will? Here...  read more